Price Reduction
Address
1653 S Delaware Street, Indianapolis, IN
Price
$ 224,900
Property Attributes
- MLS#22113486
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CityIndianapolis
- AreaCenter
- NeighborhoodFennemans
- Zip46225
- StyleTraditional
- Year Built1885
- Taxes$ 6176
- Price$ 224,900
- Bedrooms3
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2772
- Lot Size0.07 Acres
Data Source:
MIBOR Broker Listing Cooperative
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.
| Price History | |
|---|---|
| 7/17/2026 | Listed $234,900 |
| 8/19/2026 | 5$224,900 |
General Features
| Heating | Forced Air,Electric |
|---|---|
| Cooling | Central Air |
| Possession | Subject to Tenant Rights |
| Appliances | Dishwasher,Dryer,Electric Water Heater,Disposal,Microwave,Electric Oven,Refrigerator,Washer,Water Heater |
| Architectural Style | Traditional |
| Construction Materials | Cement Siding |
| Year Built | 1885 |
| Township | Center |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Marion |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | Fennemans |
| Garage Y/N | No |
| Total Rooms | 5 |
| Full Baths | 3 |
| Status | Active |
| Directions | GPS Friendly |
| City | Indianapolis |
| High School District | Indianapolis Public Schools |
| MLS Area | 4910 - Marion - Center |
| Lot Size Square Feet | 2831 |
| Property Attached Y/N | No |
| Current Financing | Conventional |
| Property Condition | Updated/Remodeled |
| Additional Parcels Y/N | No |
| Virtual Tour | https://indy-realty-pics.aryeo.com/sites/lkrmbxa/unbranded |
| Standard Status | Active |
| Tax Lot | 57 |
| Virtual Tour | https://indy-realty-pics.aryeo.com/sites/1653-s-delaware-st-indianapolis-in-46225-15715224/branded |
| Legal Description | Fennemans Highland Home Add L57 |
Interior Features
| Basement | Partial,Unfinished |
|---|---|
| Basement (Y/N) | Yes |
| Laundry Features | Laundry Closet,Main Level |
| Total Bedrooms | 3 |
| Main Level Bedrooms | 1 |
| LivingAreaSource | Broker |
| Total Baths | 3 |
Exterior Features
| Parking Features | Carport,Other |
|---|---|
| Lot Features | Sidewalks |
| Water Source | Public |
| Foundation Details | Concrete Perimeter |
| Spa | No |
| Building Area Total | 2772 |
| Lot Size Acres | 0.07 |
| Waterfront Y/N | No |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46225
Price
Taxes
Year Built
Visits
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Last Updated: August 19, 2026 6:28 PM UTC
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS.
Information last updated on August 19, 2026 6:40 PM UTC
The content relating to real estate for sale and/or lease on this Web site comes in part from
the Internet Data eXchange ("IDX") program of the Northwest Indiana REALTORS® Association Multiple Listing Service ("NIRA MLS"). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers' personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing
