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Sold
  • $357,426

    1649 S Delaware St, Indianapolis, IN 46225

    2beds
    2baths
    --sqft
    Multi Family, Duplex
    Built in 2026
    -- sqft lot
    $357,700 Zestimate®
    $--/sqft
    $1,859 Estimated rent

    Home value

    $357,700

    $340,000 - $376,000

    $1,859/mo

    Zestimate® history
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    What's special

    Modern finishes
    Turnkey New Construction Duplex! Strong Cash Flow & Upside Unit Mix: 2 bed/2 bath per unit x2 Units! Projected Monthly Rent: $1,680 (2x2) / $3,360 Gross Monthly Total Units: 2 Step into this new construction duplex in the revitalizing near southside neighborhood, one of Indianapolis' fastest growing corridors for residential and mixed-use development. This turnkey Property is designed for strong cash flow, long-term appreciation, and excellent tax advantages. Near Southside is a historic and evolving neighborhood located just south of Downtown Indianapolis. With strong community character, ongoing revitalization, and excellent proximity to the city core. It has become an increasingly attractive area for both residents and investors. Strong tenant demand driven by workforce housing, student housing, and new amenities. Consistent rent growth projected with stable operating expenses. Why Invest Here? This duplex offers investors: 1. New construction peace of mind - minimal maintenance, modern finishes. 2. Attractive returns in a market with limited new build inventory. 3. Generous depreciation & tax benefits to offset income. 4. A prime position in a neighborhood with rising property values and planned redevelopment. Reach out to our Investment team - 7655252161.

    Zillow last checked:

    Listing updated:

    Listed by:

    Edward Neu 317-339-5874,

    Neu Real Estate Group

    Bought with:

    Christopher Smith

    LPT Realty

    Source: MIBOR as distributed by MLS GRID,MLS#: 22077778MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Features
    • Has basement: No

    Property

    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 3,049 Square Feet
    Details
    • Parcel number: 491113144042000101

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Duplex
    Condition
    • New Construction
    • New construction: Yes
    • Year built: 2026
    Details
    • Builder name: Ipa

    Community & HOA

    Community
    • Subdivision: No Subdivision
    Location
    • Region: Indianapolis

    Financial & listing details

    • Tax assessed value: $6,300
    • Annual tax amount: $150
    • Date on market: 1/15/2026
    • Cumulative days on market: 18 days
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    7/2/2026Sold$357,426+2.1%
    Source: MIBOR as distributed by MLS GRID #22077778 Report a problem
    2/1/2026Pending sale$350,000
    Source: MIBOR as distributed by MLS GRID #22077778 Report a problem
    1/15/2026Listed for sale$350,000+1421.7%
    Source: MIBOR as distributed by MLS GRID #22077778 Report a problem
    11/17/2025Sold$23,000-32.4%
    Source: MIBOR as distributed by MLS GRID #22037053 Report a problem
    9/25/2025Pending sale$34,000
    Source: MIBOR as distributed by MLS GRID #22037053 Report a problem
    5/7/2025Listed for sale$34,000-38.2%
    Source: MIBOR as distributed by MLS GRID #22037053 Report a problem
    12/31/2022Listing removed--
    Source: MIBOR as distributed by MLS GRID #21867458 Report a problem
    7/1/2022Listed for sale$55,000-7.5%
    Source: MIBOR as distributed by MLS GRID #21867458 Report a problem
    7/1/2022Listing removed--
    Source: MIBOR as distributed by MLS GRID #21852650 Report a problem
    5/3/2022Listed for sale$59,451+8.3%
    Source: MIBOR as distributed by MLS GRID #21852650 Report a problem
    10/29/2020Sold$54,900+175.9%
    Source: MIBOR as distributed by MLS GRID #21685732 Report a problem
    9/23/2020Pending sale$19,900
    Source: MIBOR REALTOR Association #21685732 Report a problem
    9/20/2020Price change$19,900-50.1%
    Source: MIBOR REALTOR Association #21685732 Report a problem
    1/29/2020Price change$39,900-11.3%
    Source: MIBOR REALTOR Association #21685732 Report a problem
    12/11/2019Listed for sale$45,000+800%
    Source: MIBOR REALTOR Association #21685732 Report a problem
    12/9/2019Sold$5,000-83.3%
    Source: Agent Provided Report a problem
    9/10/2019Listed for sale$30,000+5037%
    Source: Berkshire Hathaway Home #21667085 Report a problem
    3/11/2016Sold$584
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$150 -14.4%$6,300
    2024$175 +17.5%$6,300
    2023$149 +2.3%$6,300
    2022$145 -0.4%$6,300
    2021$146 +106%$6,300
    2020$71 -0.9%$6,300 +110%
    2019$71 +12.2%$3,000
    2018$64 +2.2%$3,000
    2017$62 -5.7%$3,000
    2016$66 +1.9%$3,000
    2014$65 -3.6%$3,000
    2013$67 $3,000
    2012$67 $3,000
    2011-- $3,000
    2010$62 -2.4%$3,000
    2009$64 $3,000
    2007-- $3,000
    Find assessor info on the county website

    Neighborhood: Near Southside

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • High: Arsenal Technical High School

    Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $357,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $357,700