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.
Active
- Price
- $ 219,900
- City
- Indianapolis
- Bedrooms
- 3
- Full Bathrooms
- 3
- County
- MARION
- Half Bathrooms
- 0
- Area
- Center
- Lot Size
- 0.07 Acres
- Zip
- 46225
- Sqr Footage
- 2,772
- Year Built
- 1885
- Taxes
- $ 6176
- Style
- Traditional
- MLS#
- 22113486
Features
General
Interior Features
Exterior Features
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Affordability Calculator
$3,786
Per MonthBased on the average sale price from the Columbus, IN office
- Monthly Principal & interest $2,658
- Monthly Property Taxes $1,062
- Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
Schools
Price History
Property vs Zip Code Average in 46225
In The Neighborhood
In The Neighborhood
- Type
- Single Family
- Type
- Single Family
- Type
- Single Family
1653 S Delaware Street Indianapolis, IN is a Single Family Home for sale at $219900 with 2772 sqft and a lot size of 0.07 Acres Acre(s). 1653 S Delaware Street Indianapolis has 3 bedrooms, 3 baths and was built in 1885. The property's zip code is 46225 which is in Indianapolis, IN
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
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