251 S Dearborn Street Indianapolis, IN 46201

Building Details

Year built

1943

Floors in Building

1

Number of units

2

Architectural style

Ranch

Listing Agency Trueblood Real Estate b***@truebloodRE.com Show Phone

North Street Suite 350 8700, Fishers, IN

Listed by Ryan Rominger · License #RB18002043 Show Phone

Added: Apr 27 Checked: Jul 18 at 7:06 am

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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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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

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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.