$2,196 Closing Credit¹
#22027745, Mamadou Gueye, Listing office: Trueblood Real Estate
$189,000 List price
1657 S Delaware St Indianapolis, IN 46225
$2,244
Closing credit¹
0.07 acres
Multi-Family
Property details
About 1657 S Delaware St
Welcome to 1657-1659 S Delaware St, a fully equipped duplex located in the rapidly revitalizing Old Southside neighborhood-just minutes from downtown Indianapolis and within walking distance to Lucas Oil Stadium. Surrounded by new development and investment, this area is a hotspot for short-term, mid-term, and long-term rental strategies, making it a strong choice for both investors and owner-occupants alike. Each unit offers 2 bedrooms, 1 bathroom, and 636 sq ft of well-laid-out living space. One unit is currently rented at $800/month with a lease in place through 9/30/25, and the other unit is vacant, recently turned, and move-in or rent ready. For savvy investors, there's opportunity to significantly boost ROI by converting the occupied unit to Section 8, where 2-bedroom voucher rates are much higher. The property is professionally managed by the Wilmoth Group and includes stackable washer/dryers and full kitchen appliance packages in both units-all of which are included in the sale. All utilities are separately metered and paid by the tenants. Whether you're looking to live in one side and rent the other, or expand your portfolio with a cash-flowing asset in a growth corridor, this turnkey duplex checks all the boxes. Don't miss your chance-schedule a showing today!
Highlights
Home typeDuplex
HeatingForced Air
StatusActive
Lot size0.07 Acres
Year built1967
MLS #22020882
Summary
- Architectural Style: Ranch
- Heating: Forced Air
- Cooling: None
- List Price: $189,000
- Annual Tax Amount: $2,426
- Tax Year: 2023
- Directions: GPS Friendly
- Year Built: 1967
- Lot Size: 0.07 Acres
- MLS Number: 22020882
- MLS Name: MIBOR
- Office Name: Keller Williams Indpls Metro N
- Office Email: peter@peterstewartrealty.com
- Listing Agent: Peter Stewart
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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.
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Last updated on: 6/26/2025, 11:31:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$189,000
1657 S Delaware St
$2,244
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 17, 2024 | Home Sold | $180,000 |
| Jul 20, 2023 | Home Sold | $93,500 |
| Sep 14, 2021 | Home Sold | $95,000 |
| Jun 16, 2016 | Home Sold | $11,660 |
| Mar 16, 2006 | Home Sold | $56,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $102,300 | $2,426 |
| 2022 | $75,700 | $1,787 |
| 2021 | $62,300 | $1,303 |
| 2020 | $56,300 | $1,137 |
| 2019 | $43,400 | $1,120 |
| 2018 | $42,400 | $962 |
| 2017 | $40,200 | $3,771 |
History based on county public records data.
Nearby schools
3
Eleanor Skillen Elementary School 34
Public District PK-6
1.2 mi
•1410 Wade St
6
William McKinley Elementary School 39
Public District PK-6
1.6 mi
•1733 Spann Ave
4
Piloted Schools Bethel Park
Public Charter KG-4
2.0 mi
•2710 Bethel Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,281. Most Indianapolis, IN residents have annual incomes less than $<35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
54%
<35k
40%
35k-100k
6%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
29%
Single, with Kids
16%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
9%
12-17 yrs old
29%
18-34 yrs old
39%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Soccer- UFC
Where do the neighbors shop?
Burlington
Forever 21
Family Dollar
Where do the neighbors go to eat?
Popeyes
Dominos Pizza
Burger King
What do the neighbors drive?
Dodge
Mazda
Buick
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits- Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1657 S Delaware St
The listing price of 1657 S Delaware St property is $189,000.
The property 1657 S Delaware St is a multi located in Indianapolis, Indiana, 46225.
Active Listing: 1657 S Delaware St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1657 S Delaware St are: Eleanor Skillen Elementary School 34 (GreatSchools Rating 3/10), William McKinley Elementary School 39 (GreatSchools Rating 6/10), Piloted Schools Bethel Park (GreatSchools Rating 4/10), James A. Garfield School 31 (GreatSchools Rating 3/10), Se Neighborhood School of Excellence (GreatSchools Rating 3/10), Edison School of the Arts 47 (GreatSchools Rating 4/10), Purdue Polytechnic High School (GreatSchools Rating 2/10), Christel House Academy South (GreatSchools Rating 4/10), Christel House Dors (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $2,426 (source: MLS/based on county public records data).
The last sale was on January 17, 2024 for $180,000 (source: MLS/tax record).
The year of construction for 1657 S Delaware St is 1967.
This home is located at 1657 S Delaware St in Indianapolis, IN and zip code 46225 in the Near Southside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 18, 2025 and is currently priced at $189,000.
Indianapolis, IN housing market in May 2025 saw over 300 listings sold above listed price, more than 315 sold at listed price and over 544 sold below. Between April and May 2025, Indianapolis, IN real estate market has seen increase in the number of listings by 3.7%. The median list price of listings available in May 2025 was $250,180, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.