# 251 S Dearborn Street, Indianapolis, IN 46201

> **TL;DR:** multi-family, $150,000, built 1943. Est. $650/mo. Listed 35 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $150,000 |
| Year Built | 1943 |
| Lot Size | 4,356 sqft (0.10 acres) |
| Property Type | Multi-Family (Duplex) |
| Status | For Sale |
| Days on Market | 35 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $650 |
| **Total** | **$650** |

## Property Highlights

- Built in 1943
- 0.10 acre lot

## Description

### Agent Description
Welcome to this recently renovated 1 bed, 1 bath duplex just minutes from Mass Ave, Downtown, and Fountain Square! Enjoy a refreshed kitchen and bathroom, fresh paint throughout, and a prime location close to some of the city's best dining and entertainment. All units are fully occupied with tenants in good standing. To limit tenant disturbance, there will be no in-person showings without an accepted offer, but video walkthroughs are attached to the listing. Preference is to sell this duplex as part of a portfolio package totaling seven units. The package includes: 406 S. Lasalle St (single-family home with 2 bedrooms and 1 bathroom), 3702 N. Kenwood Ave (duplex with 2 bedrooms and 1 bathroom per unit), and 2301 Perkins Ave (duplex with 2 bedrooms and 1 bathroom per unit). Together, these properties comprise seven income-producing units, offering a strong, diversified revenue stream. Leases/Ledgers are available for each occupied unit.

## Location

- **Address:** 251 S Dearborn Street, Indianapolis, IN 46201
- **County:** Marion
- **Neighborhood:** Hueys Add Forest Park
- **Coordinates:** 39.763862, -86.110343
- **Google Maps:** https://www.google.com/maps?q=39.763862,-86.110343

## Listing Agent

- **Name:** Ryan Rominger
- **Brokerage:** Trueblood Real Estate
- **Phone:** 3179350075
- **Email:** RRominger@TruebloodRE.com

## Primary Photo

![251 S Dearborn Street - Primary Photo](http://lh.rdcpix.com/f07b0404739b77d0e571790477840d75l-f3526198960r.jpg)

*15 total photos available on [listing page](https://www.propertysimple.com/listing/251-s-dearborn-street-indianapolis-in-46201-22082127)*

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**MLS#:** 22082127 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/251-s-dearborn-street-indianapolis-in-46201-22082127)

---

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