1657 S Delaware Street
Indianapolis, IN 46225
Map
- – beds
- – baths
- – sqft
- 2,831 sqft lot
- 1967 build
Welcome to 1657-1659 S Delaware St, a fully equipped duplex located in the rapidly revitalizing Old Southside neighborhood-just minutes from downtown Indianapolis and within walking distance to Lucas Oil Stadium. Surrounded by new development and investment, this area is a hotspot for short-term, mid-term, and long-term rental strategies, making it a strong choice for both investors and owner-occupants alike. Each unit offers 2 bedrooms, 1 bathroom, and 636 sq ft of well-laid-out living space. One unit is currently rented at $800/month with a lease in place through 9/30/25, and the other unit is vacant, recently turned, and move-in or rent ready. For savvy investors, there's opportunity to significantly boost ROI by converting the occupied unit to Section 8, where 2-bedroom voucher rates are much higher. The property is professionally managed by the Wilmoth Group and includes stackable washer/dryers and full kitchen appliance packages in both units-all of which are included in the sale. Gas and electricity are separately metered, while water is on one meter and paid by the owner. Whether you're looking to live in one side and rent the other, or expand your portfolio with a cash-flowing asset in a growth corridor, this turnkey duplex checks all the boxes. Don't miss your chance-schedule a showing today!
Last checked:
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Last updated Jun 18, 2025
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MLS# 22020882 —
The Building
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Year Built:1967
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New Construction:false
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Construction Materials:Vinyl Siding
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Architectural Style:Ranch
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Foundation Details:Block
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Levels:One
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Security Features:Smoke Alarm
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Green Certification:No
Interior
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Laundry Features:Connections All
Location
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Directions:GPS Friendly
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Latitude:39.744709
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Longitude:-86.154977
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Property Attached:true
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Parcel Number:491113144040000101
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Acres:<1/4 Acre
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Lot Features:Access
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Lot Size Acres:0.07
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Lot Size SqFt:2,831 Sqft
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Price Per Acre:2700000
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Zoning:residential
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Additional Parcels:false
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Structure Type:Duplex
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View:false
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Waterfront:false
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Current Use:Apt<20
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Road Access:Frontage Road
Listing Agent
- Contact info:
- Agent phone:
- (317) 450-9202
- Office phone:
- (317) 846-6300
Taxes
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Tax Lot:56
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Tax Year:2023
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Semi Annual Property Tax Amt:1213
The Listing
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Virtual Tour Branded:
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Virtual Tour Unbranded:
Heating & Cooling
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Heating:Forced Air
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Cooling:None
Utilities
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Solid Waste:Yes
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Fennemans
Parking
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Parking:Unpaved
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Parking Features:Alley Access
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/18/25
Jun 18, 2025
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Listed / Active | MIBOR | $189,000 | 5.0% (3.5% / YR) |
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1/12/24
Jan 12, 2024
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MIBOR | $180,000 | -5.3% | |
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12/26/23
Dec 26, 2023
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MIBOR | $190,000 |
