37 S Rural Street Indianapolis, IN $ 185,000
37 S Rural Street
$ 185,000
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37 S Rural Street

Indianapolis, IN, 46201
$ 185,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,278

37 S Rural Street, Indianapolis, IN 46201 - Image 1
37 S Rural Street, Indianapolis, IN 46201 - Image 2
37 S Rural Street, Indianapolis, IN 46201 - Image 3
37 S Rural Street, Indianapolis, IN 46201 - Image 4

Multi-Family Home for sale in Indianapolis, IN

for $185,000. This home was built in 1915 on a lot size of 0.14.

**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!

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Multi-Family Active

Price

$ 185,000

Property Type

Multi-Family

Taxes

$ 1,992

Style

Bungalow

Lot Size

0.14

Year Built

1915

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22132942

Features
General
Heating Forced Air
Possession Negotiable
Roof Asphalt
Zoning C1 - Res Two Family 520
Garage Spaces 2
Architectural Style Bungalow
Security Features Smoke Detector(s)
Construction Materials Vinyl Siding
Year Built 1915
Township Center
Levels One
Property Subtype Duplex
Tax Year 2025
Current Use Residential
County Marion
New Construction N
Property Type Residential Income
Subdivision Name No Subdivision
Facing Direction West
Status Active
Directions GPS Friendly
High School Arsenal Technical High School
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4910 - Marion - Center
Lot Size Square Feet 6011
Elementary School William Penn School 49
Property Attached Y/N N
Property Condition Fixer
Structure Type Duplex
Standard Status Active
Tax Lot 11
Legal Description Christians E Wash St Add L11
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Exterior
Fencing Front Yard Gate
Parking Features Detached
Lot Features City Lot Sidewalks Mature Trees Trees-Small (Under 20 Ft)
Foundation Details Crawl Space
Lot Size Acres 0.14
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type City Street
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Interior
Basement (Y/N) N
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* Excluded Features
List By
Keller Williams Indy Metro Ne

Broker

brown.stacey@kw.com

Email

Affordability Calculator

$1,444
Per Month
89%
11%
0%
Monthly Principal & Interest
$1,278
Monthly Property Taxes
$166
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4965091 Elementary School
4044909 Middle School
Arsenal Technical High School High School
Pricing History
DatePricePrice ChangeDescription
10/29/2026$185,000 Listed Price

Map


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37 S Rural Street, Indianapolis, IN, 46201 is a Multi-Family Home for sale at $185,000 with a lot size of 0.14. 37 S Rural Street has 0.0 baths and was built in 1915. The property's zip code is 46201 which is in Indianapolis, IN