Roots take

What to know about this one.

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!

Property details

Property type: Duplex
Year built: 1900
Lot size: 0.11 ac
Stories: Two
County: Marion
MLS #: MBR22132151

Features

Exterior: Other

Affordability

Estimate your monthly payment

Estimated monthly$1,473

P&I $958
Property tax $449
Insurance $67

Home price

Loan type

Down payment20% · $38,000

Interest rate6.470%

Loan term

Monthly HOA

Estimates only, not a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Where it is

817-819 N Dearborn

Indianapolis, IN 46201

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