Key facts
- Lot
- 0.14 acres
- Year built
- 1915
- Type
- Residential Income · Duplex
- Stories
- One
- Garage
- 2 spaces
- MLS #
- 22132942
- County
- Marion
- Subdivision
- No Subdivision
About this home
**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!
Description provided by the listing brokerage.
Interior
- Security
- Condition
Exterior
- Roof
- Construction
- Foundation
- Style
- Parking and garage
- Fencing
Systems
- Heating
Lot and HOA
- Lot features
- Zoning
- C1 - Res Two Family 520
Schools
- Elementary school
- William Penn School 49
- High school
- Arsenal Technical High School
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $1,992 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Price history
Every listing, price change and sale we have on record for this home.
| Date | Event | Price |
|---|---|---|
| Listed for sale | $185,000 |
Properties displayed may be listed or sold by various participants in the MLS.
Information deemed reliable but is not guaranteed accurate.
© 2026 MIBOR REALTOR® Association
Based on information submitted to the Broker Listing Cooperative listing service as of November 3, 2026
Estimate your monthly payment
Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
Talk to a lender we trustLocation
Open in Google Maps- Address
- 37 S Rural Street, Indianapolis, IN 46201
- County
- Marion
