2927 N Delaware Street Indianapolis, IN $ 280,000
2927 N Delaware Street
$ 280,000
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2927 N Delaware Street

Indianapolis, IN, 46205
$ 280,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,934

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Multi-Family Home for sale in Indianapolis, IN

for $280,000. This home was built in 1910 on a lot size of 0.11.

FULLY OCCUPIED DUPLEX | LONG-TERM LEASES | $28,560 CURRENT ANNUAL RENTAL INCOME! Excellent opportunity to add a well-maintained, income-producing duplex in Addie Nichols N Park Addition near Historic Meridian Park to your investment portfolio. Each unit offers approximately 1,322 square feet with 3 bedrooms and 1.5 bathrooms, providing spacious and functional living areas that appeal to long-term tenants. Both units feature welcoming covered front porches, spacious living rooms with LVP flooring, neutral paint tones, generous closet storage, and abundant natural light. The main level includes a convenient half bath and an eat-in kitchen with ample cabinetry and counter space. Upstairs, each unit offers three generously sized bedrooms and a full bathroom with a tub/shower combination. Additional features include basement storage and laundry, private rear decks, off-street parking, and convenient alley access. INVESTMENT HIGHLIGHTS: Unit 2925 is leased through 6/12/2028 at $1,225/month, with the tenant in place since 6/2026. Unit 2927 is leased through 4/11/2027 at $1,155/month, with the tenant in place since 4/2025. Combined current rental income is $2,380/month, or $28,560 annually. Both units are currently occupied, providing an investor with immediate income and established tenancy without the typical turnover and lease-up period. Whether you're expanding an existing portfolio or looking for a solid entry into residential investment property, this duplex offers the combination of strong current occupancy, long-term leases, desirable 3-bedroom floor plans, and established rental income that investors look for. Turnkey and income-producing-ready for its next owner!

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Multi-Family Active

Price

$ 280,000

Property Type

Multi-Family

Taxes

$ 6,288

Style

Traditional

Lot Size

0.11

Year Built

1910

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22130042

Features
General
Possession Closing Subject To Tenant Rights
Architectural Style Traditional
Security Features Smoke Detector(s)
Construction Materials Vinyl With Brick
Year Built 1910
Tenant Pays All Utilities Insurance Lawncare
Township Center
Levels Two
Property Subtype Duplex
Tax Year 2025
Current Use Residential
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Addie Nichols N Park Add
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4910 - Marion - Center
Lot Size Square Feet 4792
Property Attached Y/N Y
Structure Type Duplex
Standard Status Active
Tax Lot 11
Legal Description Nichols North Park Add L11 B2
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Exterior
Parking Features Alley Access
Lot Features Curbs Sidewalks
Lot Size Acres 0.11
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Interior
Basement (Y/N) Y
Laundry Features Connections All
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* Excluded Features
List By
T&H Realty Services, Inc.

Broker

rosie@threaltyinc.com

Email

Affordability Calculator

$2,458
Per Month
79%
21%
0%
Monthly Principal & Interest
$1,934
Monthly Property Taxes
$524
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/6/2026$280,000 Listed Price

Map


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2927 N Delaware Street, Indianapolis, IN, 46205 is a Multi-Family Home for sale at $280,000 with a lot size of 0.11. 2927 N Delaware Street has 0.0 baths and was built in 1910. The property's zip code is 46205 which is in Indianapolis, IN