218 N Rural Street N
Indianapolis, IN 46201
- – beds
- – baths
- – sqft
- 4,792 sqft lot
- 1900 build
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 $850 per month and covering all utilities. One unit was fully renovated in late 2024, and a brand-new furnace was just installed on one side. 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.
Last checked:
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Last updated Mar 18, 2025
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MLS# 22027044 —
The Building
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Year Built:1900
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New Construction:false
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Construction Materials:Aluminum Siding
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Architectural Style:TraditonalAmerican
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Levels:Two
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Roof:Asphalt, Shingle
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Basement:true
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Basement:Cellar
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Green Certification:No
Interior
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Laundry Features:Connections All
Location
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Directions:GPS Friendly
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Latitude:39.770473
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Longitude:-86.116642
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Property Attached:true
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Parcel Number:491005222007000101
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Acres:<1/4 Acre
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Lot Features:Sidewalks
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Lot Size Acres:0.11
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Lot Size SqFt:4,792 Sqft
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Price Per Acre:1681818
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Additional Parcels:false
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Structure Type:Duplex
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View:false
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Waterfront:false
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Fence:No
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Current Use:Apt<20, Residential
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Road Access:Frontage Road
Listing Agent
- Contact info:
- Agent phone:
- (317) 450-9202
- Office phone:
- (317) 846-6300
Taxes
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Tax Lot:1
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Tax Year:2024
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Tax Exemptions:None
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Semi Annual Property Tax Amt:1288
Heating & Cooling
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Heating:Forced Air
Utilities
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Solid Waste:Yes
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Hubbard & Thornton
Parking
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Parking:On Street
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/18/25
Mar 18, 2025
|
Listed / Active | MIBOR | $185,000 | 1955.6% (98.4% / YR) |
|
5/3/05
May 3, 2005
|
MIBOR | $9,000 | -33.3% (-11.4% / YR) | |
|
6/1/02
Jun 1, 2002
|
MIBOR | $13,500 |
