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Listed by Kyle Hoffman • @properties
$ 190,000
Est. payment /mo
New
817-819 N Dearborn Indianapolis, IN 46201
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Woods Oakland Park
MLS Listing ID 22132151
Year Built 1900
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Duplex
Property Description
Cash-flowing duplex in Indianapolis offered at just $190,000! This income-producing property offers an excellent opportunity for investors looking to expand their portfolio with a property that exceeds the 1% rule. Both units are currently tenant-occupied, generating a combined scheduled rental income of $2,125 per month ($25,500 annually), representing a 1.12% monthly rent-to-price ratio. Unit 817 rents for $1,025/month, while Unit 819 rents for $1,100/month. Both leases have transitioned to month-to-month, offering the next owner flexibility with future leasing decisions. Whether you're an experienced investor looking to add another cash-flowing asset or just getting started building your rental portfolio, this duplex offers an attractive entry point with existing tenants and income already in place. At this price point, the numbers are worth a closer look!
Location
State IN
County Marion
Interior
Fireplace N
Exterior
Exterior Feature Other
Building
Story Two
Architectural Style Traditional
Structure Type Wood Brick
New Construction false
Schools
School District Indianapolis Public Schools
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