Renovated
For Sale
$134,900
251 S Dearborn Street, Indianapolis, IN 46201
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.10 Acres
Days on Market46
Property Features for 251 S Dearborn Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Subdivision
Hueys Add Forest Park
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Standard status
Active
APN
491008105014000101
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Hueys Add Forest Park L17
Legal Description
Hueys Add Forest Park L17
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s)
Building Details
Year built
1943
Floors in Building
1
Number of units
2
Architectural style
Ranch
Listing Agency:
Trueblood Real Estate
(317) 288-5148
Listed By:
Ryan Rominger · License #RB18002043
(317) 679-6330
Added: Jul 29
Changed: Sep 1
Last Checked: Sep 12 at 1:06PM
MLS# 22117114
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1943 ranch-style duplex sits on a 0.1-acre parcel in Indianapolis. The property is described as a one-bedroom, one-bath duplex and has undergone recent updates, including improvements to the kitchen and bathroom along with new interior paint. One unit is occupied, while the second is being turned over following the prior tenant’s departure.
Heating is provided by baseboard and electric systems, with window-unit cooling. The property is located near Mass Ave, Downtown, and Fountain Square, with nearby dining and entertainment identified in the listing. The duplex is also offered with a portfolio package that includes a two-bedroom, one-bath single-family home and a second duplex with two bedrooms and one bathroom per unit, for seven units across the package.
Heating is provided by baseboard and electric systems, with window-unit cooling. The property is located near Mass Ave, Downtown, and Fountain Square, with nearby dining and entertainment identified in the listing. The duplex is also offered with a portfolio package that includes a two-bedroom, one-bath single-family home and a second duplex with two bedrooms and one bathroom per unit, for seven units across the package.
Key Highlights
- Duplex property on a 0.1‑acre parcel
- Recently updated kitchen and bathroom
- Fresh interior paint throughout
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
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Business Placement
Demographics for 46201, IN
31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated kitchen and bathroom finishes support a refreshed residential income property.
Where is this duplex located?
The property is located at 251 S Dearborn Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $134,900.
What are key features of this property?
This property features: Duplex property on a 0.1‑acre parcel; Recently updated kitchen and bathroom; Fresh interior paint throughout
