251 S Dearborn Street, Indianapolis, IN 46201

Building Details

Year built

1943

Floors in Building

1

Number of units

2

Architectural style

Ranch

Listing agent Ryan Rominger License #RB18002043 Show Phone

Listing office Trueblood Real Estate b***@truebloodRE.com North Street Suite 350 8700, Fishers, IN Show Phone

Listing date Apr 27, 2026

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MLS# 22082127 Listing URL

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This recently renovated duplex offers a 1-bedroom, 1-bath layout. The seller has refreshed the kitchen and bathroom, with fresh paint throughout the interior. The property is configured as duplex units and is currently fully occupied, with tenants in good standing.

The address is 251 S Dearborn Street in Indianapolis, IN 46201. The current listing notes the duplex is minutes from Mass Ave, Downtown, and Fountain Square. To limit tenant disturbance, there will be no in-person showings without an accepted offer; video walkthroughs are attached to the listing.

For buyers evaluating scale, the duplex is also being offered as part of a portfolio package totaling seven units. The package includes 406 S Lasalle St (single-family home with 2 bedrooms and 1 bathroom), 3702 N Kenwood Ave (duplex with 2 bedrooms and 1 bathroom per unit), and 2301 Perkins Ave (duplex with 2 bedrooms and 1 bathroom per unit), together comprising seven occupied income-producing units. Leases/ledgers are available for each occupied unit, supporting underwriting and diligence for qualified buyers.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.110343

Latitude

39.763862

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FAQs

What type of property is this?

Duplex - Recently renovated duplex with fresh interior updates and an occupied tenant roster, available with limited showings.

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 $145,000.

What are key features of this property?

This property features: Prime location near Mass Ave, Downtown, and Fountain Square, offering easy access to dining and entertainment.; Recently renovated 1 bed, 1 bath unit with a refreshed kitchen and bathroom, and fresh paint.; Part of a portfolio package of seven income‑producing units, providing a diversified revenue stream.