37 S Rural Street, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
37 S Rural Street,Indianapolis, IN 46201
$230,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: patrick mcneill
Office: ask pat about real estate
MLS#:22106984
Source:IN_MIBOR

Price summary

  • Price:$230,000

About this home

Exceptional multi-family investment opportunity on Indianapolis's Near Eastside! This beautifully updated double features two mirrored units (37 & 39 S Rural St) sitting on a single parcel, offering instant cash flow from day one. The left side (Unit 37) is already occupied by a tenant paying $1,250/month, Both sides feature extensive renovations completed this year (2026), presenting the perfect turnkey chance to lease up at top market rent or move in and house-hack. Each side showcases a highly functional layout maximizing its 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 into a modern kitchen, down the hall past two bedrooms, to a private bedroom and second full bath at the rear. Don't miss this pristine, immediate-income producing asset!

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Home facts

  • Year built:1915
  • Listing ID #:22106984
  • Added:17 day(s) ago
  • Updated:June 27, 2026 at 08:04 AM

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:$230,000

Parking

  • Garage:Yes
  • Garage spaces:2
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