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  • Price cut: $20K (7/14)
    $210,000

    37 S Rural St, Indianapolis, IN 46201

    3beds
    2baths
    --sqft
    : 
    $1,441/mo
    Get pre-qualified
    Multi Family, Duplex
    Built in 1915
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Highly functional layoutModern kitchenPrivate bedroomBeautifully updated double features
    Back on the market and priced for a savvy investor to secure immediate, dual-stream cash flow! Exceptional multi-family opportunity on Indianapolis's Near Eastside featuring two mirrored units (37 & 39 S Rural St) on a single parcel. This turnkey asset is fully occupied and bringing in a total of $2,550/month from day one, with Unit 37 renting for $1,250/month and Unit 39 renting for $1,300/month. Both tenants are currently on month-to-month agreements and are eager to sign new leases with the incoming buyer, offering you instant stability and flexibility. While extensive renovations were completed in 2026, the property needs a little remaining TLC and is being sold as-is-presenting the perfect chance to build easy sweat equity while already collecting strong monthly revenue. Each side features a highly functional layout maximizing 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 the kitchen, down the hall past two bedrooms, to a private bedroom and second full bath at the rear. Don't miss this high-potential, income-producing double! Showing with excepted offer only.
    48 days
    |
    87
    |
    6
    |

    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#: 22106984MLS Logo

      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
      • Special conditions: As Is

      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: $1,992
      • Date on market: 6/9/2026
      • Cumulative days on market: 21 days
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/14/2026Price change$210,000-8.7%
        Source: MIBOR as distributed by MLS GRID #22106984 Report a problem
        6/15/2026Pending sale$230,000
        Source: MIBOR as distributed by MLS GRID #22106984 Report a problem
        6/9/2026Listed for sale$230,000+294.3%
        Source: MIBOR as distributed by MLS GRID #22106984 Report a problem
        5/16/2026Listing removed$1,300
        Source: Zillow Rentals Report a problem
        4/24/2026Listed for rent$1,300
        Source: Zillow Rentals Report a problem
        12/2/2025Sold$58,330-22.2%
        Source: MIBOR as distributed by MLS GRID #22067377 Report a problem
        11/6/2025Pending sale$75,000
        Source: MIBOR as distributed by MLS GRID #22067377 Report a problem
        10/12/2025Listed for sale$75,000-6.1%
        Source: MIBOR as distributed by MLS GRID #22067377 Report a problem
        10/1/2025Listing removed$79,900
        Source: MIBOR as distributed by MLS GRID #22057991 Report a problem
        9/17/2025Price change$79,900-5.9%
        Source: MIBOR as distributed by MLS GRID #22057991 Report a problem
        9/3/2025Price change$84,900-5.6%
        Source: MIBOR as distributed by MLS GRID #22057991 Report a problem
        8/20/2025Listed for sale$89,900
        Source: MIBOR as distributed by MLS GRID #22057991 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Christian Park

        Getting around

        72 / 100
        Very Walkable
        40 / 100
        Some Transit
        63 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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