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Active
  • $185,000

    37 S Rural St, Indianapolis, IN 46201

    3beds
    2baths
    --sqft
    : 
    $1,385/mo
    Get pre-qualified
    Multi Family, Duplex
    Built in 1915
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Single-story duplex
    **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!
    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#: 22132942MLS 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,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

        DateEventPrice
        10/29/2026Listed for sale$185,000-2.6%
        Source: MIBOR as distributed by MLS GRID #22132942 Report a problem
        8/8/2026Listing removed$190,000
        Source: MIBOR as distributed by MLS GRID #22106984 Report a problem
        8/5/2026Price change$190,000-9.5%
        Source: MIBOR as distributed by MLS GRID #22106984 Report a problem
        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.
        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
        64 / 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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