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3-Bedroom Duplex
New
For Sale
$280,000

2927 N Delaware St, Indianapolis, IN 46205

Both residences have covered porches, private rear decks, and basement laundry and storage.

Property Size4,792 SF
Price / SF$58.43
Days on Market7

Property Features for 2927 N Delaware St

General Information

Standard status Active
Size 4,792 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x 3BR/1.5BA
Multifamily Units 2

Additional Details

Gross Income $28,560

Amenities

covered front porches
basement storage and laundry
private rear decks
off-street parking
alley access

Building Details

Year Built 1910
Tenancy Multi
Listing Agency: Mark Dietel Realty, LLC
Listed By: Streamlined Realty
Source: Streamlinedrealty
Added: Oct 7 Changed: Oct 11 Last Checked: Oct 12 at 8:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mark Dietel Realty, LLC

Investment Insights

Based on property information with market context.

Built in 1910, this duplex contains two residences of approximately 1,322 square feet each. Each has three bedrooms and 1.5 bathrooms, with living space on the main floor and bedrooms upstairs. Interior features include LVP flooring, neutral paint, closet storage, and natural light. The main level has an eat-in kitchen and half bath; each upper level includes a full bathroom with a tub and shower. Basement storage and laundry serve the property, and each residence has a covered front porch and private rear deck.

Both units are occupied and have leases in place, with terms extending through June 12, 2028, for 2925 N Delaware St and April 11, 2027, for 2927 N Delaware St. Off-street parking and alley access are also available. The property is in Addie Nichols N Park Addition near Historic Meridian Park.

Key Highlights

  • Two occupied units with leases through 6/12/2028 and 4/11/2027
  • Each unit is approximately 1,322 square feet with 3 bedrooms and 1.5 bathrooms
  • Built in 1910

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Hair Salon Nail Salon Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

693
Businesses Nearby

Demographics for 46205, IN

27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Both residences have covered porches, private rear decks, and basement laundry and storage.
Where is this duplex located?
The property is located at 2927 N Delaware St Indianapolis, IN.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two occupied units with leases through 6/12/2028 and 4/11/2027; Each unit is approximately 1,322 square feet with 3 bedrooms and 1.5 bathrooms; Built in 1910
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