Description
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. All utilities are separately metered and paid by the tenants. 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!
-
0BEDS
-
0.07ACRES
-
0BATHS
-
01/2 BATHS
Description
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. All utilities are separately metered and paid by the tenants. 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!
© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Mike Price Realty Team - RE/MAX Centerstone.
Based on information submitted to the MLS GRID as of 2025-07-17T00:25:45.163. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice