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Pending
  • $350,000

    1649 S Delaware St, Indianapolis, IN 46225

    2beds
    2baths
    --sqft
    : 
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    Multi Family, Duplex
    Built in 2026
    -- sqft lot
    $342,100 Zestimate®
    $--/sqft
    $-- HOA

    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.
    172 days
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    35
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    Zillow last checked:

    Listing updated:

    Listed by:

    Edward Neu 317-339-5874,

    Neu Real Estate Group

    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: 32 days
      • Road surface type: Asphalt

        Estimated market value

        $342,100

        $325,000 - $359,000

        $1,656/mo

        Price history

        DateEventPrice
        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
        12/6/2019Sold$5,000-83.3%
        Source: MIBOR as distributed by MLS GRID #21667085 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

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Near Southside

        Getting around

        55 / 100
        Somewhat Walkable
        33 / 100
        Some Transit
        49 / 100
        Somewhat Bikeable

        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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