218 N Rural Street N, Indianapolis, IN 46201
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
218 N Rural Street N,Indianapolis, IN 46201
$175,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:peter stewart
Office:keller williams indpls metro n
MLS#:22027044
Source:IN_MIBOR
Price summary
- Price:$175,000
About this home
INVESTOR ALERT! Don't miss this income-generating duplex at 218-220 N Rural St, just minutes from downtown Indianapolis! Located in the rapidly appreciating near eastside, this property offers unbeatable access to Gainbridge Fieldhouse, Lucas Oil Stadium, Mass Ave, the Bottleworks District, and major employers-making it a highly desirable rental location. Each unit features 2 bedrooms and 1 bathroom, with tenants currently paying $800 & $850 per month (one expires Aug 2026 and the other Sept 2026) and covering all utilities. One unit was renovated in late 2024, and a brand-new furnace was just installed on one side. While it is considered turnkey in its current state, with some additional upgrades, the value could be improved, and rents increased as well. Or, you can switch strategies and pursue section 8 tenatns. The section 8 rent rate is up to $1619 for a 2br unit!! The property is professionally managed, ensuring a seamless, hassle-free investment. Even better, this duplex is located in one of Indiana's 156 designated Opportunity Zones, presenting potential tax advantages for investors focused on long-term wealth building. A perfect addition to any savvy investor's portfolio! No seller financing.
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Home facts
- Year built:1900
- Listing Id #:22027044
- Added:148 day(s) ago
- Updated:August 13, 2025 at 03:37 PM
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Asphalt, Shingle
- Year built:1900
- Lot area:0.11 Acres
Finances and disclosures
- Price:$175,000
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