Welcome to this recently renovated 1 bed, 1 bath duplex just minutes from Mass Ave, Downtown, and Fountain Square! Enjoy a refreshed kitchen and bathroom, fresh paint throughout, and a prime location close to some of the city's best dining and entertainment. All units are fully occupied with tenants in good standing. To limit tenant disturbance, there will be no in-person showings without an accepted offer, but video walkthroughs are attached to the listing. Preference is to sell this duplex 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, these properties comprise seven income-producing units, offering a strong, diversified revenue stream. Leases/Ledgers are available for each occupied unit.
Active
Price cut: $5K (5/31)
$145,000
251 S Dearborn St, Indianapolis, IN 46201
2beds
2baths
--sqft
Multi Family, Duplex
Built in 1943
-- sqft lot
$136,300 Zestimate®
$--/sqft
$-- HOA
What's special
Refreshed kitchenFresh paint throughoutRecently renovated
- 77 days |
- 296 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Ryan Rominger 317-935-0075,
Trueblood Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22082127
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
Lot
- Size: 4,356 Square Feet
Details
- Parcel number: 491008105014000101
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family, Duplex
Condition
- New construction: No
- Year built: 1943
Community & HOA
Community
- Subdivision: Hueys Add Forest Park
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $116,700
- Annual tax amount: $2,860
- Date on market: 4/27/2026
- Cumulative days on market: 76 days
Estimated market value
$136,300
$129,000 - $143,000
$1,087/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/31/2026 | Price change | $145,000-3.3% |
Source:  MIBOR as distributed by MLS GRID #22082127 Report a problem | ||
| 4/27/2026 | Listed for sale | $150,000+25.1% |
Source: MIBOR as distributed by MLS GRID #22082127 Report a problem | ||
| 6/18/2021 | Sold | $119,900 |
Source: MIBOR as distributed by MLS GRID #21789452 Report a problem | ||
| 6/5/2021 | Pending sale | $119,900 |
Source: MIBOR as distributed by MLS GRID #21789452 Report a problem | ||
| 6/3/2021 | Listed for sale | $119,900+71.5% |
Source: MIBOR as distributed by MLS GRID #21789452 Report a problem | ||
| 11/6/2020 | Sold | $69,900+55.7% |
Source: Public Record Report a problem | ||
| 2/24/2020 | Listing removed | $44,900 |
Source: MIBOR REALTOR Association #21687021 Report a problem | ||
| 12/31/2019 | Listed for sale | $44,900+372.6% |
Source: MIBOR REALTOR Association #21687021 Report a problem | ||
| 8/28/2019 | Listing removed | $475 |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/27/2019 | Listed for rent | $475 |
Source: Zillow Rental Network Premium Report a problem | ||
| 10/16/2014 | Listing removed | $9,500 |
Source: RE/MAX Metro #21297895 Report a problem | ||
| 9/26/2014 | Price change | $9,500-5% |
Source: RE/MAX Metro #21297895 Report a problem | ||
| 9/19/2014 | Price change | $10,000-16.7% |
Source: RE/MAX Metro #21297895 Report a problem | ||
| 9/13/2014 | Price change | $12,000-35.1% |
Source: RE/MAX Metro #21297895 Report a problem | ||
| 8/7/2014 | Price change | $18,500-2.6% |
Source: RE/MAX Metro #21297895 Report a problem | ||
| 7/20/2014 | Price change | $19,000-27.8% |
Source: RE/MAX Metro #21297895 Report a problem | ||
| 6/14/2014 | Listed for sale | $26,300+262.8% |
Source: RE/MAX Metro #21297895 Report a problem | ||
| 3/21/2014 | Sold | $7,250 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,859 +3.1% | $116,700 -3.2% |
| 2024 | $2,773 -1.9% | $120,500 +3.1% |
| 2023 | $2,826 +105.9% | $116,900 -2.3% |
| 2022 | $1,373 +7.6% | $119,700 +101.2% |
| 2021 | $1,276 +66.3% | $59,500 +8% |
| 2020 | $767 +4.9% | $55,100 +69.5% |
| 2019 | $731 +4.3% | $32,500 +5.9% |
| 2018 | $701 -31.4% | $30,700 +2.3% |
| 2017 | $1,022 +259.8% | $30,000 +1% |
| 2016 | $284 -74.5% | $29,700 +125% |
| 2014 | $1,113 +278.7% | $13,200 |
| 2013 | $294 | $13,200 +0.8% |
| 2012 | $294 | $13,100 +9.2% |
| 2011 | -- | $12,000 |
| 2010 | $285 -61.4% | $12,000 -64% |
| 2009 | $740 | $33,300 +10.3% |
| 2007 | -- | $30,200 |
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.Climate risks
Neighborhood: Christian Park
Nearby schools
GreatSchools rating
- 6/10William McKinley School 39Grades: PK-5Distance: 1.1 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 2.5 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.6 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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