Skip to content

2927 N Delaware Street

Indianapolis, IN 46205

PendingListed Oct 6, 2026 · 14 days on market

Key facts

Lot
0.11 acres
Year built
1910
Type
Residential Income · Duplex
Stories
Two
MLS #
22130042
County
Marion
Subdivision
Addie Nichols N Park Add

About this home

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!

Description provided by the listing brokerage.

Interior

Laundry
Connections All
Security
Smoke Detector(s)

Exterior

Construction
Vinyl With Brick
Style
Traditional
Parking and garage
Alley Access

Lot and HOA

Lot features
CurbsSidewalks

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$6,288 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,033per month, estimated
Principal and interest $1,411Property tax $524Insurance $98
20% · $56,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give 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.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$280,000
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.