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
$190,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: patrick mcneill
Office: ask pat about real estate
MLS#:22106984
Source:IN_MIBOR

Price summary

  • Price:$190,000

About this home

Back on the market and priced for a savvy investor to secure immediate, dual-stream cash flow! Exceptional multi-family opportunity on Indianapolis's Near Eastside featuring two mirrored units (37 & 39 S Rural St) on a single parcel. This asset is fully occupied and bringing in a total of $2,550/month from day one, with Unit 37 renting for $1,250/month and Unit 39 renting for $1,300/month. Both tenants are currently on month-to-month agreements and are eager to sign new leases with the incoming buyer, offering you instant stability and flexibility. Renovations were completed in 2026. The property is being sold as-is-presenting the perfect chance to bulid strong monthly revenue. Each side features a highly functional layout maximizing 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 the kitchen, down the hall past two bedrooms, to a private bedroom and second full bath at the...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1915
  • Subdivision & Development:No Subdivision
  • Listing ID #:22106984
  • Added:60 day(s) ago
  • Updated:August 08, 2026 at 03:28 PM

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:$190,000

Parking

  • Garage:Yes
  • Garage spaces:2
Copyright 2026 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 37 S Rural Street