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1315 N Rural Street, Indianapolis, IN 46201

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For Sale

$82,000

0.14 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • 0.1 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

Investors and house hackers-don't miss this opportunity in the revitalizing Brookside Park neighborhood! Located at 1315 N Rural St, this vacant duplex sits just steps from beautiful Brookside Park, offering direct access to playgrounds, trails, and a peaceful creek. The location is ideal for strong rental demand: less than 5 minutes to downtown Indy, minutes to major freeways, and within 10 minutes of five hospitals-perfect for both long-term tenants and furnished mid-term rentals. Each unit features 1 bedroom, 1 bathroom, and 696 sq ft, plus a full unfinished basement for storage or expansion potential. The layouts feel private, with entrances on separate sides. One unit is in solid shape and nearly rent-ready; the other needs cosmetic finishing. The exterior will benefit from siding/trim cleanup, paint, and some fresh landscaping. Off-street parking is available off the alley with a large gravel area, and the spacious concrete pad in back offers great outdoor space for tenants. The seller recently purchased multiple properties and is only completing one renovation, making this a great chance for the next buyer to step in, add value, and execute a strong BRRRR play. Roof and mechanical ages are unknown. Sold as-is and priced firm. Recent inspection report is available for potential buyers. A promising investment in a rapidly improving area-bring your vision and make this one shine.
MLS# 22075012

Courtesy Of Keller Williams Indianapolis Metro North

(317) 846-6300

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    New Traditional
  • Exterior Type
    Wood Siding
  • Heating System
    Forced Air
  • Lot Size
    0.14 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 1315 N Rural Street, Indianapolis, IN 46201

Home seller CENTURY 21 Scheetz

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Scheetz

(317) 814-5500
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.