Skip to content

1238 N Dearborn Street

Indianapolis, IN 46201

ActiveListed Oct 24, 2026 · 3 days on market

Key facts

Lot
0.15 acres
Year built
2026
Type
Residential Income · Duplex
Stories
Two
Garage
2 spaces
MLS #
22133216
County
Marion
Subdivision
No Subdivision
New construction
Yes

About this home

**Portfolio Opportunity!** Investors are invited to explore the opportunity to purchase this property as part of an 12-property investment portfolio featuring residential properties throughout Indianapolis and Shelbyville. Properties are also available for individual purchase. **Portfolio Properties Include:** - 122 E Mechanic St, Shelbyville, IN - 1609 Harlan St, Indianapolis, IN - 955 N Belleview Pl, Indianapolis, IN - 2127 Sugar Grove Ave, Indianapolis, IN - 1261 W 34th St, Indianapolis, IN - 263 N Tacoma Ave, Indianapolis, IN - 1360 N Dearborn St, Indianapolis, IN - 5600 Rockville Rd, Indianapolis, IN - 6780 N Michigan Rd, Fairland, IN - 58 W Franklin St, Shelbyville, IN (Triplex) 1238 N Dearborn Indianapolis IN 46208 (Duplex), 1248 W 33rd St Indianapolis IN 46208 (Duplex) Portfolio pricing and availability may vary. Don't miss this opportunity to expand your investment portfolio with multiple properties in one package! Estimated room dimensions; buyers to verify.

Description provided by the listing brokerage.

Exterior

Parking and garage
Detached

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$3,352 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Price history

Every listing, price change and sale we have on record for this home.

DateEventPrice
Listed for sale$395,000

Properties displayed may be listed or sold by various participants in the MLS.

Information deemed reliable but is not guaranteed accurate.

© 2026 MIBOR REALTOR® Association

Based on information submitted to the Broker Listing Cooperative listing service as of November 3, 2026

Estimate your monthly payment

$2,409per month, estimated
Principal and interest $1,991Property tax $279Insurance $138
20% · $79,000
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
Address
1238 N Dearborn Street, Indianapolis, IN 46201
County
Marion
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$395,000
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.