1649 S Delaware St
Multifamily | 2 Units | $175,000/unit
Marketing description
Located in the heart of the Near Southside—one of Indianapolis’ fastest-growing urban neighborhoods—1649 S Delaware Street offers investors a strategic foothold just minutes from downtown. This area is prized for its unbeatable location, with quick access to I-65, I-70, and downtown Indy’s employment and entertainment hubs.
The neighborhood blends historic charm with redevelopment momentum, making it ideal for buy-and-hold investors, renovators, and those seeking steady cash flow with appreciation upside. Surrounding streets feature a mix of restored homes, multifamily rentals, and new infill projects, with property values rising alongside demand.
With strong rental interest from professionals, families, and downtown commuters, 1649 S Delaware St benefits from proximity to Garfield Park, major transit lines, and active revitalization efforts. As nearby neighborhoods like Bates-Hendricks and Fountain Square continue to grow, the Near Southside stands out as a prime opportunity to invest before values peak.
Investment highlights
💼 Investment Highlights – 1649 S Delaware Street, Indianapolis, IN
🏠 Fully Leased Duplex
Unit Mix: (1) 2 Bed / 2 Bath | (1) 4 Bed / 4 Bath
Total Rent: $4,626/month
📍 Prime Near Southside Location
Just 5 minutes from Downtown Indianapolis
Excellent access to I-65, I-70, and Meridian St
💸 Strong Cash Flow & Returns
Year 1 Cash-on-Cash: 9.68%
10-Year ROI: 217.7%
DCR: 1.43+ Year 1 and improving annually
📈 Appreciation Potential
Projected 3% annual growth
Estimated 10-Year Value Gain: $120K+
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
