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.
Pending
$350,000
1649 S Delaware St, Indianapolis, IN 46225
2beds
2baths
--sqft
Multi Family, Duplex
Built in 2026
-- sqft lot
$342,100 Zestimate®
$--/sqft
$-- HOA
What's special
Modern finishes
- 172 days |
- 35 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Edward Neu 317-339-5874,
Neu Real Estate Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22077778
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
| Date | Event | Price |
|---|---|---|
| 2/1/2026 | Pending sale | $350,000 |
Source: | ||
| 1/15/2026 | Listed for sale | $350,000+1421.7% |
Source: | ||
| 11/17/2025 | Sold | $23,000-32.4% |
Source: | ||
| 9/25/2025 | Pending sale | $34,000 |
Source: | ||
| 5/7/2025 | Listed for sale | $34,000-38.2% |
Source: | ||
| 12/31/2022 | Listing removed | -- |
Source: | ||
| 7/1/2022 | Listed for sale | $55,000-7.5% |
Source: | ||
| 7/1/2022 | Listing removed | -- |
Source: | ||
| 5/3/2022 | Listed for sale | $59,451+8.3% |
Source: | ||
| 10/29/2020 | Sold | $54,900+175.9% |
Source: | ||
| 9/23/2020 | Pending sale | $19,900 |
Source: MIBOR REALTOR Association #21685732 Report a problem | ||
| 9/20/2020 | Price change | $19,900-50.1% |
Source: MIBOR REALTOR Association #21685732 Report a problem | ||
| 1/29/2020 | Price change | $39,900-11.3% |
Source: MIBOR REALTOR Association #21685732 Report a problem | ||
| 12/11/2019 | Listed for sale | $45,000+800% |
Source: MIBOR REALTOR Association #21685732 Report a problem | ||
| 12/6/2019 | Sold | $5,000-83.3% |
Source: | ||
| 9/10/2019 | Listed for sale | $30,000+5037% |
Source: Berkshire Hathaway Home #21667085 Report a problem | ||
| 3/11/2016 | Sold | $584 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $3,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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
Nearby schools
GreatSchools rating
- 3/10James A. Garfield School 31Grades: PK-5Distance: 0.1 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 4 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.4 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Marion County
- Indianapolis
- 46225
- Near Southside
- 1649 S Delaware St







