**INVESTMENT OPPORTUNITY WITH TWO INCOME-PRODUCING UNITS!** Welcome to **37 S Rural Street in Indianapolis, Indiana**, where historic character meets investment opportunity! Built in 1915, this single-story duplex offers approximately 1,107 square feet of living space on a 6,011-square-foot lot, providing an opportunity for investors looking to expand their rental portfolio. **Both units are currently tenant-occupied, each generating $1,250 per month, for a combined $2,500 in monthly rental income and $30,000 in annual gross scheduled rent!** With tenants on month-to-month leases, the property offers an established rental arrangement along with flexibility for future ownership plans, subject to applicable lease terms and tenant rights. Conveniently situated on Indianapolis' east side, the property provides access to downtown Indianapolis, major roadways, shopping, dining, and everyday conveniences. Whether you're an experienced investor expanding your holdings or purchasing your first multifamily property, this duplex presents an opportunity to acquire a property with rental income already in place. **Two occupied units. Established rental income. One investment opportunity.** Schedule your private showing and explore the possibilities at 37 S Rural Street!
Active
$185,000
37 S Rural St, Indianapolis, IN 46201
3beds
2baths
--sqft
Multi Family, Duplex
Built in 1915
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Single-story duplex
- 23 hours
- 58
- 11
Zillow last checked:
Listing updated:
Listed by:
Stacey Brown brown.stacey@kw.com,
Keller Williams Indy Metro NE
Source: MIBOR as distributed by MLS GRID,MLS#: 22132942
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,Gate
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: $1,992
- Date on market: 10/29/2026
- Cumulative days on market: 34 days
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$852/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/29/2026 | Listed for sale | $185,000-2.6% |
Source: | ||
| 8/8/2026 | Listing removed | $190,000 |
Source: | ||
| 8/5/2026 | Price change | $190,000-9.5% |
Source: | ||
| 7/14/2026 | Price change | $210,000-8.7% |
Source: | ||
| 6/15/2026 | Pending sale | $230,000 |
Source: | ||
| 6/9/2026 | Listed for sale | $230,000+294.3% |
Source: | ||
| 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: | ||
| 11/6/2025 | Pending sale | $75,000 |
Source: | ||
| 10/12/2025 | Listed for sale | $75,000-6.1% |
Source: | ||
| 10/1/2025 | Listing removed | $79,900 |
Source: | ||
| 9/17/2025 | Price change | $79,900-5.9% |
Source: | ||
| 9/3/2025 | Price change | $84,900-5.6% |
Source: | ||
| 8/20/2025 | Listed for sale | $89,900 |
Source: | ||
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
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Christian Park
Nearby schools
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.





