Skip To Content

315 S Rural Street

Indianapolis, IN 46201
  • $149,900
  • STATUS: Pending
  • ON SITE: 58 Days
  • MLS #: 22040105
Under Contract
UPDATED: 111 min ago
$149,900
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

School District:

Description

Charming Cash-Flow Duplex - Your Ticket to Landlord Stardom! Picture this: a cozy, single-level duplex that's practically winking at you with investment potential! Nestled in the Near Eastside neighborhood, this quirky gem boasts two mirror-image units, each with 1 bedroom, 1 bathroom, and enough charm to make even the grumpiest cat purr. Each unit has its very own full basement, complete with separate furnaces and water heaters. No squabbling over utilities here; electricity is separately metered, so each tenant minds their own watts! Now, let's talk about the cherry on top: two rock-star tenants who've been calling this place home for 2-3 years each. They're as reliable as your grandma's cookie recipe, happily paying $750 per side every month. That's $1,500 in your pocket before you even break out the landlord cape! Whether you're a seasoned investor or just dipping your toes into the real estate pool, this duplex is your low-maintenance ticket to steady cash flow. With separate everything-furnaces, water heaters, electric-this place runs smoother than a sunny afternoon breeze. The tenants love their space, and you'll love the simplicity of managing this dynamic duo of units. It's like owning two houses for the price of one. Ready to snag this income-generating gem? This duplex is practically begging to be the star of your portfolio.

Monthly Payment Calculator



© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2025-07-20T00:26:00.883. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.theindypropertysource.com/homes/164096547
Print Image

315 S Rural Street Indianapolis, IN 46201

  • Price: $149,900
  • Status: Pending
  • On Site: 58 Days
  • Updated: 111 min ago
  • MLS #: 22040105
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1950
Built
Neighborhood:
Forest Park
County:
Marion
Area:
4910 - Marion - Center
School District:
Indianapolis Public Schools
Property Description
Charming Cash-Flow Duplex - Your Ticket to Landlord Stardom! Picture this: a cozy, single-level duplex that's practically winking at you with investment potential! Nestled in the Near Eastside neighborhood, this quirky gem boasts two mirror-image units, each with 1 bedroom, 1 bathroom, and enough charm to make even the grumpiest cat purr. Each unit has its very own full basement, complete with separate furnaces and water heaters. No squabbling over utilities here; electricity is separately metered, so each tenant minds their own watts! Now, let's talk about the cherry on top: two rock-star tenants who've been calling this place home for 2-3 years each. They're as reliable as your grandma's cookie recipe, happily paying $750 per side every month. That's $1,500 in your pocket before you even break out the landlord cape! Whether you're a seasoned investor or just dipping your toes into the real estate pool, this duplex is your low-maintenance ticket to steady cash flow. With separate everything-furnaces, water heaters, electric-this place runs smoother than a sunny afternoon breeze. The tenants love their space, and you'll love the simplicity of managing this dynamic duo of units. It's like owning two houses for the price of one. Ready to snag this income-generating gem? This duplex is practically begging to be the star of your portfolio.
Exterior Features

Architectural Style Ranch Foundation Details Concrete Perimeter Levels One Lot Information City LotCurbsSidewalks Road Access Access Rd Road Frontage Type City Street Road Surface Type Asphalt

Interior Features

Basement Unfinished Basement YN Yes Heating Forced Air

Property Features

Acres <1/4 Acre Current Financing Conventional Current Use Residential Dpr YN Yes Expenses 4592 Green Certification YN No Laundry Connections AllIn Basement Net Operating Income 13407 New Construction YN No Number Of Units Total 2 Owner Pays Ins HazardInsuranceNo Utilities Possession Closing Property Attached YN Yes Property Sub Type Duplex Semi Annual Property Tax Amt 946 Solid Waste Yes Tax Exemption None Tax Year 2024 Tenant Pays All UtilitiesInsurance Township Center Transaction Type Sale

Listing provided courtesy of Ferris Property Group: integrealty@ferrispropertygroup.com. © 2025 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2025-07-20T00:26:00.883. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
https://bt-photos.global.ssl.fastly.net/indy/1280_boomver_1_22040105-1.jpg https://bt-photos.global.ssl.fastly.net/indy/1280_boomver_1_22040105-1.jpg https://bt-photos.global.ssl.fastly.net/indy/1280_boomver_1_22040105-1.jpg
Logo
The Indy Property Source | Keller Williams Realty
,