Recently Renovated
New
For Sale
$134,900
251 S Dearborn Street, Indianapolis, IN 46201
MULTI_FAMILY - Ranch - Indianapolis, IN
Lot Size0.10 Acres
Days on Market2
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: Jul 30
Last Checked: Jul 30 at 11:06PM
MLS# 22117114
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.
Investment Insights
Based on property information with market context.
This recently renovated ranch duplex offers one bedroom and one bathroom per unit. The kitchen and bathroom have been refreshed, with fresh paint throughout. Heating is electric baseboard, and cooling is provided by window unit(s). The property was built in 1943.
At the time of the listing, one unit is occupied. The tenant in the other unit just moved out, and that unit is being turned over now. There will be no in-person showings without an accepted offer, but video walkthroughs are attached.
There is also an expressed preference to sell the duplex as part of a portfolio package totaling seven units. The package includes 251 S Dearborn Street plus 406 S Lasalle St (single-family home with 2 bedrooms and 1 bathroom) and 3702 N Kenwood Ave (duplex with 2 bedrooms and 1 bathroom per unit). Leases/ledgers are available for each occupied unit.
At the time of the listing, one unit is occupied. The tenant in the other unit just moved out, and that unit is being turned over now. There will be no in-person showings without an accepted offer, but video walkthroughs are attached.
There is also an expressed preference to sell the duplex as part of a portfolio package totaling seven units. The package includes 251 S Dearborn Street plus 406 S Lasalle St (single-family home with 2 bedrooms and 1 bathroom) and 3702 N Kenwood Ave (duplex with 2 bedrooms and 1 bathroom per unit). Leases/ledgers are available for each occupied unit.
Key Highlights
- Recently renovated duplex with refreshed kitchen and bathroom
- One unit occupied; other unit being turned over now
- Electric baseboard heating with window unit(s) cooling
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Recently renovated ranch duplex with refreshed kitchen and bathroom, electric baseboard heat, and window unit cooling.
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: Recently renovated duplex with refreshed kitchen and bathroom; One unit occupied; other unit being turned over now; Electric baseboard heating with window unit(s) cooling
