1649 Delaware St

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Baths
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Sq. Ft.
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per Sq. Ft.

Description

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...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.
  1. Listed by Edward Neu • Neu Real Estate Group

Property Details for 1649 Delaware Street

Subdivision Name
No Subdivision
Township
Center
Waterfront
No
LISTING UPDATED: 01/30/2026 05:19 PM

Property Details for 1649 Delaware Street

StatusActive
MLS #22077778
Days on Market17
Taxes$75 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built2026
Lot Size0.07 AC / 3,049 SF
CountyMarion County

Location

Listing Courtesy of Neu Real Estate Group
Add your commute

Building Information for 1649 Delaware Street

Stories-Residences2Year Built2026Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$1,718 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,706

Property Taxes

$13

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1649 Delaware Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46225
  • Road Access: Street Cuts
  • Road Frontage Type: City Street
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 491113144042000101
  • Semi Annual Property Tax Amt: 75
  • Tax Exemption: None
  • Tax Year: 2024
  • TaxLot: Lot L58
School Information
  • High School: Arsenal Technical High School
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Construction Stage: Permit on File,See Remarks
  • Current Use: Residential, See Remarks
  • Lot Size Square Feet: 2831.0
  • Lot Size Acres: 0.07
  • New Construction: True
  • Possible Use: Residential, See Remarks
  • Year Built Numeric: 2026
  • Living Area Source: Builder
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Fennemans Highland Home Add L58
  • Photos Count: 13
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
Utilities
  • Solid Waste: No
Interior and Exterior Features
Interior Features
  • Basement YN: No
  • Levels: Two
Multi Family
Multi-Family Information
  • Total Units: 2
Income & Expenses
  • Expenses: 5693
  • Gross Income: $37,008.00
Unit 1
  • Unit Kitchen: 108
  • Unit Levels: 1
  • Unit Miscellaneous: Dishwasher,Range/Oven
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Mobile/Manufactured Home
Mobile/Manufactured Home
  • Builder Name: IPA

Property History for 1649 Delaware Street

DateEvent & SourcePriceAppreciation
Jan 15, 2026

Listed (Active)

MIBORMLS #22077778

$350,000—
Nov 17, 2025

Sold

MIBORMLS #22037053

$23,000—
Oct 28, 2025

Pending

MIBORMLS #22037053

—
May 7, 2025

Listed (Active)

MIBORMLS #22037053

$34,000—
Dec 30, 2022

Expired

MIBORMLS #21867458

—
Jun 30, 2022

Expired

MIBORMLS #21852650

—
Jun 30, 2022

Listed (Active)

MIBORMLS #21867458

$55,000—
May 2, 2022

Listed (Active)

MIBORMLS #21852650

$59,451—
Oct 29, 2020

Sold

MIBORMLS #21685732

$54,900—
Sep 22, 2020

Pending

MIBORMLS #21685732

—
Sep 20, 2020

Price Change

MIBORMLS #21685732

$19,900—
Dec 9, 2019

Listed (Active)

MIBORMLS #21685732

$45,000—
Dec 6, 2019

Sold

MIBORMLS #21667085

$5,000—
Oct 29, 2019

Pending

MIBORMLS #21667085

—
Sep 10, 2019

Listed (Active)

MIBORMLS #21667085

$30,000—
DateEvent & SourcePrice
01/15/2026

Listed (Active)

MIBORMLS #22077778

$350,000
11/17/2025

Sold

MIBORMLS #22037053

$23,000
10/28/2025

Pending

MIBORMLS #22037053

—
05/07/2025

Listed (Active)

MIBORMLS #22037053

$34,000
12/30/2022

Expired

MIBORMLS #21867458

—
06/30/2022

Expired

MIBORMLS #21852650

—
06/30/2022

Listed (Active)

MIBORMLS #21867458

$55,000
05/02/2022

Listed (Active)

MIBORMLS #21852650

$59,451
10/29/2020

Sold

MIBORMLS #21685732

$54,900
09/22/2020

Pending

MIBORMLS #21685732

—
09/20/2020

Price Change

MIBORMLS #21685732

$19,900
12/09/2019

Listed (Active)

MIBORMLS #21685732

$45,000
12/06/2019

Sold

MIBORMLS #21667085

$5,000
10/29/2019

Pending

MIBORMLS #21667085

—
09/10/2019

Listed (Active)

MIBORMLS #21667085

$30,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1649 Delaware Street

Taxable ValueLand$6,300Additions-Total$6,300
Tax Record2024$150 ($12 / month)
Home Facts
Lot Size2,831 SqFtStyleMiscellaneous CommercialCountyMARIONAPN49-11-13-144-042.000-101

Schools near 1649 Delaware Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - PK to 6
Public - PK to 8
Rating
School
Distance
Eleanor Skillen Elementary School 34
PublicPK to 6

William McKinley School 39
PublicPK to 6

Christian Park School 82
PublicPK to 6

James A. Garfield School 31
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

1649 Delaware Street is a multi-family home for sale in Indianapolis, IN 46225. This property was listed for sale on January 15, 2026 by Neu Real Estate Group, it's currently listed at $350,000. It has been on the market for a total of 17 days and was last sold on November 17, 2025. This listing's school district is Indianapolis Public Schools. Nearby schools include Eleanor Skillen Elementary School 34, William McKinley School 39 and Christian Park School 82. 1649 Delaware Street is a 0-bed, 0-bath, multi-family home built in 2026.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Neu Real Estate Group

Based on information submitted to the MLS GRID as of 01/30/2026 05:19 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.