1653 S Delaware Street, Indianapolis, IN 46225
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
Listed by: peter stewart
Office: keller williams indpls metro n
MLS#:22113486
Source:IN_MIBOR | Licensed in Indiana
Price summary
- Price:$199,000
- Price per sq. ft.:$71.79
About this home
Excellent turnkey investment opportunity at 1653 S Delaware St now available! This tenant-occupied property offers immediate rental income and features 3 bedrooms, 3 full bathrooms, and nearly 2,000 square feet of thoughtfully updated living space. Tenant is on a long term lease, paying $1550/mo and they are responsible for all utilities and lawncare. Rebuilt down to the studs just a few years ago, the scope of work included a brand-new HVAC system, fresh interior paint, all appliances (including the washer and dryer), durable LVP flooring, a main-level bedroom and full bath, a beautifully updated kitchen with white shaker cabinets, quartz countertops, tile backsplash, and updated bathrooms with stone-topped vanities and custom-tiled showers. A rear oversized carport provides off-street parking for up to four vehicles, and with no HOA, owners have maximum flexibility. Next door, a brand new duplex is being build, further increasing the values and appeal of the area. Located in the rapidly revitalizing Old Southside, just minutes from downtown Indianapolis, Lucas Oil Stadium, Fountain Square, and major employers including Eli Lilly, the neighborhood continues to benefit from significant redevelopment, strong rental demand, and long-term appreciation potential, making this an outstanding addition to any investment portfolio....
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Home facts
- Year built:1885
- Subdivision & Development:Fennemans
- Listing ID #:22113486
- Added:116 day(s) ago
- Updated:November 11, 2026 at 04:30 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Dining Description:Dining Combo/Kitchen
- Kitchen Description:Dishwasher, Disposal, Electric Oven, Microwave, Refrigerator
- Basement:Yes
- Basement Description:Basement, Partial, Unfinished
- Living area:1,928 sq. ft.
Heating and cooling
- Cooling:Central Electric
- Heating:Electric, Forced Air
- Central air:Yes
Structure and exterior
- Year built:1885
- Building area:1,928 sq. ft.
- Lot area:0.07 Acres
- Lot Features:Sidewalks
- Construction Materials:Cement Siding
- Foundation Description:Concrete Perimeter
Utilities
- Water:Public Water
Finances and disclosures
- Price:$199,000
- Price per sq. ft.:$71.79
Features and amenities
- Appliances:Microwave, Refrigerator, Washer, Water Heater
- Laundry features:Dryer, Washer
Parking
- Parking description:Guest Street Parking
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