This single-level duplex in the Near Eastside is a low-drama cash-flow machine. Two mirror-image units (each 1 bed / 1 bath) sit side by side, each with its own full basement, furnace, and water heater. Electricity is separately metered too, so nobody's fighting over the light bill. Even better: two solid, long-term tenants (3+ years and counting) who happily pay $800 a side. That's a clean $1,600 every month with almost zero heavy lifting on your end. Whether you're adding to an existing portfolio or buying your very first investment property, or even house hacking, this is the kind of place that just works-simple to manage, steady to own, and already performing. Two homes, one roof, one easy income stream.
Active
$135,400
315 S Rural St, Indianapolis, IN 46201
2beds
2baths
--sqft
Multi Family, Duplex
Built in 1950
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 2 days |
- 208 |
- 30 |
Zillow last checked:
Listing updated:
Listed by:
MaryBeth Cambre 423-771-6583,
Ferris Property Group,
Karon Hatleli 317-714-3431,
Ferris Property Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22119594
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Main level bathrooms: 2
Heating
- Forced Air
Appliances
- Laundry: Connections All, In Basement
Features
- Basement: Unfinished
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 5,227 Square Feet
- Features: City Lot, Curbs, Sidewalks
Details
- Parcel number: 491008135096000101
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Materials
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1950
Community & HOA
Community
- Subdivision: Forest Park
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $73,400
- Annual tax amount: $1,848
- Date on market: 8/13/2026
- Cumulative days on market: 3 days
- Tenant pays: All Utilities, Insurance
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale | $135,400-7.2% |
Source:  MIBOR as distributed by MLS GRID #22119594 Report a problem | ||
| 11/1/2025 | Listing removed | $145,900 |
Source: MIBOR as distributed by MLS GRID #22040105 Report a problem | ||
| 8/12/2025 | Price change | $145,900-2.7% |
Source: MIBOR as distributed by MLS GRID #22040105 Report a problem | ||
| 7/21/2025 | Listed for sale | $149,900 |
Source: MIBOR as distributed by MLS GRID #22040105 Report a problem | ||
| 7/1/2025 | Pending sale | $149,900 |
Source: MIBOR as distributed by MLS GRID #22040105 Report a problem | ||
| 5/22/2025 | Listed for sale | $149,900+138.7% |
Source: MIBOR as distributed by MLS GRID #22040105 Report a problem | ||
| 3/7/2020 | Listing removed | $500 |
Source: BHB Investments Report a problem | ||
| 12/7/2019 | Listed for rent | $500 |
Source: BHB Investments Report a problem | ||
| 4/17/2019 | Listing removed | $500 |
Source: BHB Investments Report a problem | ||
| 3/19/2019 | Listed for rent | $500 |
Source: BHB Investments Report a problem | ||
| 8/4/2018 | Listing removed | $62,800 |
Source: Owner Report a problem | ||
| 5/6/2018 | Pending sale | $62,800 |
Source: Owner Report a problem | ||
| 5/3/2018 | Price change | $62,800+3% |
Source: Owner Report a problem | ||
| 4/30/2018 | Listed for sale | $61,000+225.3% |
Source: Owner Report a problem | ||
| 2/14/2018 | Listing removed | $500 |
Source: RENU Property Mgt Indiana - Property # 455230 Report a problem | ||
| 1/11/2018 | Listed for rent | $500+25% |
Source: RPM Indiana - Property # 455230 Report a problem | ||
| 12/9/2015 | Sold | $18,750 |
Source: Public Record Report a problem | ||
| 10/1/2015 | Listing removed | $400 |
Source: Blue Properties Report a problem | ||
| 8/26/2015 | Listed for rent | $400-27.3% |
Source: Blue Properties Report a problem | ||
| 6/29/2012 | Listing removed | $550 |
Source: RPM Central Indiana Report a problem | ||
| 5/10/2012 | Listed for rent | $550 |
Source: RPM Central Indiana Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,770 +4.2% | $73,400 -1.6% |
| 2024 | $1,698 +0.5% | $74,600 +4.2% |
| 2023 | $1,690 +23.8% | $71,600 |
| 2022 | $1,366 -4% | $71,600 +20.9% |
| 2021 | $1,422 +36.3% | $59,200 -3.6% |
| 2020 | $1,043 +6.3% | $61,400 +38.9% |
| 2019 | $982 +11.4% | $44,200 +7.3% |
| 2018 | $881 -1.9% | $41,200 +3% |
| 2017 | $898 +5.6% | $40,000 +1% |
| 2016 | $850 +1.9% | $39,600 +2.6% |
| 2014 | $835 -3.9% | $38,600 |
| 2013 | $869 | $38,600 +0.3% |
| 2012 | $869 | $38,500 +24.2% |
| 2011 | -- | $31,000 |
| 2010 | $649 -2.3% | $31,000 |
| 2009 | $665 | $31,000 +10.7% |
| 2007 | -- | $28,000 +478.5% |
| 2001 | -- | $4,840 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Christian Park
Nearby schools
GreatSchools rating
- 6/10William McKinley School 39Grades: PK-5Distance: 0.8 mi
- 3/10H.L. Harshman Magnet Middle SchoolGrades: 6-8Distance: 1.5 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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