Login

537 N Rural Street, Indianapolis, IN 46201

Local realty services provided by:CENTURY 21 Scheetz
537 N Rural Street,Indianapolis, IN 46201
$500,000
  • 3 Beds
  • 1 Baths
  • 1,288 sq. ft.
  • Single family
  • Active
Listed by: charlene gaard, robert gaard
Office: no limit real estate, llc.
MLS#:22035175
Source:IN_MIBOR

Price summary

  • Price:$500,000
  • Price per sq. ft.:$258.8

About this home

Rare opportunity to own three contiguous, fully rented single-family homes offering an outstanding 12.3% cap rate! All properties are occupied by long-term Section 8 tenants who pay their own utilities and supply their own appliances, minimizing owner responsibilities. 537 N Rural features 3 bedrooms, 1 bath, and 1,288 sq ft, renting for $1,500/month with $3,334 in annual taxes. 541 N Rural offers 5 bedrooms, 2 baths, and 1,628 sq ft, earning $1,875/month with $1,825 in annual taxes. 545 N Rural includes 2 bedrooms, 1 bath, and 1,056 sq ft, generating $1,653/month with $1,162 in annual taxes. Total gross rental income is $60,336 annually. Professional property management is in place at a 10% fee, with annual insurance of $600 per property. These homes sit side-by-side on three contiguous lots, offering both immediate cash flow and excellent long-term redevelopment or value-add potential. An ideal turnkey investment with guaranteed income streams, minimal maintenance, and strong market

Contact an agent

contact an agent

Yes, I would like more information from CENTURY 21®. Please use and/or share my information with an CENTURY 21 affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an CENTURY 21 affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1921
  • Listing ID #:22035175
  • Added:229 day(s) ago
  • Updated:December 13, 2025 at 09:28 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:1,288 sq. ft.

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air

Structure and exterior

  • Year built:1921
  • Building area:1,288 sq. ft.
  • Lot area:0.12 Acres

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$500,000
  • Price per sq. ft.:$258.8
Copyright 2025 Metropolitan Indianapolis Board of Realtors. All rights reserved. Listings courtesy of Metropolitan Indianapolis Board of Realtors as distributed by MLS GRID. Metropolitan Indianapolis Board of Realtors provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Metropolitan Indianapolis Board of Realtors will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Metropolitan Indianapolis Board of Realtors.

New listings near 537 N Rural Street