Exceptional multi-family investment opportunity on Indianapolis's Near Eastside! This beautifully updated double features two mirrored units (37 & 39 S Rural St) sitting on a single parcel, offering instant cash flow from day one. The left side (Unit 37) is already occupied by a tenant paying $1,250/month, Both sides feature extensive renovations completed this year (2026), presenting the perfect turnkey chance to lease up at top market rent or move in and house-hack. Each side showcases a highly functional layout maximizing its 652.8 square feet of living space to deliver 3 bedrooms and 2 full bathrooms. The floor plans flow seamlessly from a front full bath and bright living area into a modern kitchen, down the hall past two bedrooms, to a private bedroom and second full bath at the rear. Don't miss this pristine, immediate-income producing asset!
Active
$230,000
37 S Rural St, Indianapolis, IN 46201
3beds
2baths
--sqft
Multi Family, Duplex
Built in 1915
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Highly functional layoutModern kitchenPrivate bedroomBeautifully updated double features
- 15 hours |
- 69 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Patrick McNeill 317-370-9494,
Ask Pat About Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22106984
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Forced Air
Features
- Has basement: No
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Fencing: Fenced,Front Yard
Lot
- Size: 6,098 Square Feet
- Features: City Lot, Sidewalks, Mature Trees, Trees-Small (Under 20 Ft)
Details
- Parcel number: 491005221024000101
- Zoning: C1 - Res Two Family 520
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Multi Family, Duplex
Materials
- Vinyl Siding
- Foundation: Crawl Space
- Roof: Asphalt
Condition
- Fixer
- New construction: No
- Year built: 1915
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: No Subdivision
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $79,500
- Annual tax amount: $1,372
- Date on market: 6/9/2026
- Cumulative days on market: 2 days
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Listed for sale | $230,000+294.3% |
Source:  MIBOR as distributed by MLS GRID #22106984 Report a problem | ||
| 5/16/2026 | Listing removed | $1,300 |
Source: Zillow Rentals Report a problem | ||
| 4/24/2026 | Listed for rent | $1,300 |
Source: Zillow Rentals Report a problem | ||
| 12/2/2025 | Sold | $58,330-22.2% |
Source: MIBOR as distributed by MLS GRID #22067377 Report a problem | ||
| 11/6/2025 | Pending sale | $75,000 |
Source: MIBOR as distributed by MLS GRID #22067377 Report a problem | ||
| 10/12/2025 | Listed for sale | $75,000-6.1% |
Source: MIBOR as distributed by MLS GRID #22067377 Report a problem | ||
| 10/1/2025 | Listing removed | $79,900 |
Source: MIBOR as distributed by MLS GRID #22057991 Report a problem | ||
| 9/17/2025 | Price change | $79,900-5.9% |
Source: MIBOR as distributed by MLS GRID #22057991 Report a problem | ||
| 9/3/2025 | Price change | $84,900-5.6% |
Source: MIBOR as distributed by MLS GRID #22057991 Report a problem | ||
| 8/20/2025 | Listed for sale | $89,900 |
Source: MIBOR as distributed by MLS GRID #22057991 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,372 +4.2% | $79,500 +37.5% |
| 2024 | $1,316 +0.5% | $57,800 +4.1% |
| 2023 | $1,310 +24.6% | $55,500 |
| 2022 | $1,052 +7.9% | $55,500 +21.7% |
| 2021 | $975 +16% | $45,600 +8.3% |
| 2020 | $840 +6.3% | $42,100 +18.3% |
| 2019 | $791 -27.1% | $35,600 +7.2% |
| 2018 | $1,085 -4.5% | $33,200 +0.9% |
| 2017 | $1,136 +62.1% | $32,900 +1.2% |
| 2016 | $700 +2.8% | $32,500 +3.2% |
| 2014 | $681 -5.8% | $31,500 |
| 2013 | $723 | $31,500 -1.6% |
| 2012 | $723 | $32,000 +17.2% |
| 2011 | -- | $27,300 |
| 2010 | $573 -2.3% | $27,300 |
| 2009 | $586 | $27,300 +10.5% |
| 2007 | -- | $24,700 +72.7% |
| 2002 | -- | $14,300 +199.8% |
| 2001 | -- | $4,770 |
| 2000 | -- | $4,770 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Christian Park
Nearby schools
GreatSchools rating
- 6/10William McKinley School 39Grades: PK-5Distance: 1 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 2.2 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: William Penn School 49
- High: Arsenal Technical High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Indiana
- Marion County
- Indianapolis
- 46201
- Christian Park
- 37 S Rural St
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