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37 S Rural Street, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:CENTURY 21 Scheetz
37 S Rural Street,Indianapolis, IN 46201
$210,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: patrick mcneill
Office: ask pat about real estate
MLS#:22106984
Source:IN_MIBOR

Price summary

  • Price:$210,000

About this home

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...

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Home facts

  • Year built:1915
  • Subdivision & Development:No Subdivision
  • Listing ID #:22106984
  • Added:51 day(s) ago
  • Updated:July 30, 2026 at 08:28 PM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt
  • Year built:1915
  • Lot area:0.14 Acres
  • Lot Features:Mature Trees, Sidewalks
  • Architectural Style:Bungalow
  • Construction Materials:Vinyl Siding
  • Foundation Description:Crawl Space

Schools

  • High school:Arsenal Technical High School
  • Elementary school:William Penn School 49

Utilities

  • Water:Water
  • Sewer:Sewer

Finances and disclosures

  • Price:$210,000

Parking

  • Garage:Yes
  • Garage spaces:2
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