817-819 N Dearborn, Indianapolis

Cash-flowing duplex in Indianapolis offered at just $190,000! This income-producing property offers an excellent opportunity for investors looking to expand their portfolio with a property that exceeds the 1% rule. Both units are currently tenant-occupied, generating a combined scheduled rental income of $2,125 per month ($25,500 annually), representing a 1.12% monthly rent-to-price ratio. Unit 817 rents for $1,025/month, while Unit 819 rents for $1,100/month. Both leases have transitioned to month-to-month, offering the next owner flexibility with future leasing decisions. Whether you're an experienced investor looking to add another cash-flowing asset or just getting started building your rental portfolio, this duplex offers an attractive entry point with existing tenants and income already in place. At this price point, the numbers are worth a closer look!