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$190,000

817-819 N Dearborn, Indianapolis IN, 46201

Price per sqftN/A
Built in1900
Property typeMulti-family
Courtesy of @properties, Kyle Hoffman Listing Contact:

Overview

Active

Listed Oct 19, 2026

Updated 19h ago

Cash-flowing duplex in Indianapolis offered at just $190,000! This income-producing property offers an excellent opportunity for investors looking to expand their portfolio with a property that exceeds the 1% rule. Both units are currently tenant-occupied, generating a combined scheduled rental income of $2,125 per month ($25,500 annually), representing a 1.12% monthly rent-to-price ratio. Unit 817 rents for $1,025/month, while Unit 819 rents for $1,100/month. Both leases have transitioned to month-to-month, offering the next owner flexibility with future leasing decisions. Whether you're an experienced investor looking to add another cash-flowing asset or just getting started building your rental portfolio, this duplex offers an attractive entry point with existing tenants and income already in place. At this price point, the numbers are worth a closer look!

$1,264/mo

Est. mortgage payment based on a $190,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
22132151

Interior Features

Basement
No

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Municipality
Center

Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 4:46 AM UTC on 10/23/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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