230 N Rural Street, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
230 N Rural Street,Indianapolis, IN 46201
$279,999
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: fantasia robinson
Office: scott estates
MLS#:22075034
Source:IN_MIBOR

Price summary

  • Price:$279,999

About this home

Turnkey, vacant duplex in the rapidly revitalizing Near Eastside (46201) - ideal for house hackers or investors. Each spacious unit offers 2 bedrooms and 1 bathroom, currently renting at $1,300 per side with strong potential for increased rents through light cosmetic updates. Live in one unit and offset your mortgage with rental income, or place tenants immediately and start generating cash flow. The property is vacant and move-in ready, allowing for easy showings, immediate occupancy, or quick tenant placement. Separate living spaces provide flexibility for owner-occupants, FHA buyers, or long-term investors. Located minutes from downtown Indianapolis, Bottleworks District, Mass Ave, and major redevelopment projects, this property sits in a high-demand rental corridor with continued neighborhood growth. Clean condition with solid bones - updates could unlock market rents of $1,350-$1,450+ per unit. Seller offering incentives (see agent for details). Whether you're looking to build...

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Home facts

  • Year built:1920
  • Listing ID #:22075034
  • Added:111 day(s) ago
  • Updated:March 21, 2026 at 02:54 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1920
  • Lot area:0.11 Acres
  • Construction Materials:Wood Siding

Finances and disclosures

  • Price:$279,999
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