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Listed by Patrick McNeill • Ask Pat About Real Estate
$ 210,000
Est. payment /mo
Active
37 S Rural ST Indianapolis, IN 46201
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22106984
Year Built 1915
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Duplex
Property Description
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.
Location
State IN
County Marion
Zoning C1 - Res Two Family 520
Interior
Heating Forced Air
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N false
Roof Type Asphalt
Building
Story One
Foundation Crawl Space
Architectural Style Bungalow
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools William Penn School 49
High Schools Arsenal Technical High School
School District Indianapolis Public Schools
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
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