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1653 S Delaware ST Indianapolis, IN 46225 New

UPDATED: 07/19/2026 10:02 PM ON MARKET: 5 days on market

$234,900

3 Beds3 Baths2,772 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,772 sqft

Price per Sqft $84

Subdivision Fennemans

MLS Listing ID 22113486

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1885

Tax Year 2025

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Single Family Residence

Property Description

Excellent turnkey investment opportunity at 1653 S Delaware St now available! This tenant-occupied property offers immediate rental income and features 3 bedrooms, 3 full bathrooms, and nearly 2,000 square feet of thoughtfully updated living space. Tenant is on a long term lease, paying $1550/mo and they are responsible for all utilities and lawncare. Rebuilt down to the studs just a few years ago, the scope of work included a brand-new HVAC system, fresh interior paint, all appliances (including the washer and dryer), durable LVP flooring, a main-level bedroom and full bath, a beautifully updated kitchen with white shaker cabinets, quartz countertops, tile backsplash, and updated bathrooms with stone-topped vanities and custom-tiled showers. A rear oversized carport provides off-street parking for up to four vehicles, and with no HOA, owners have maximum flexibility. Next door, a brand new duplex is being build, further increasing the values and appeal of the area. Located in the rapidly revitalizing Old Southside, just minutes from downtown Indianapolis, Lucas Oil Stadium, Fountain Square, and major employers including Eli Lilly, the neighborhood continues to benefit from significant redevelopment, strong rental demand, and long-term appreciation potential, making this an outstanding addition to any investment portfolio.


Digital Millennium Copyright Act – DMCA Notice Based on information submitted to the MLS GRID as of 07/22/2026. 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.