Sold
Last Sold Price
218 N Rural St, Indianapolis, IN 46201
Multi FamilyProperty Type
4,791 sq ftLot Size
1900Year Built

Description

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)...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.
  • Listed by: Peter Stewart 317.846.6300 peter@peterstewartrealty.com • Keller Williams Indpls Metro N
Listing closed: 10/17/2025 12:00 AM • Source: MIBORMLS, MLS#: 22027044

Location

Listing Courtesy of Keller Williams Indpls Metro N

Sold By Tip Top Realty, LLC

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Principal and Interest

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Property Taxes

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Property Information for 218 North Rural Street

Property Details
  • Taxes: $1,288 semi-annually
  • MLS Type: Residential Income / Duplex
  • Architectural Style: Traditional
  • Subdivision Name: Hubbard & Thornton
  • Township: Center
  • Waterfront: No
Building Information
  • Residences: 2
  • Year Built: 1900
  • Lot Size: 0.11 AC / 4,791 SF
Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46201
  • Road Access: Frontage Road
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 491005222007000101
  • Semi Annual Property Tax Amt: 1288
  • Tax Exemption: None
  • Tax Year: 2024
  • TaxLot: 1
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20, Residential
  • Lot Description: Sidewalks
  • Lot Size Square Feet: 4792.0
  • Lot Size Acres: 0.11
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1900
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: No
  • Legal Subdivision: HUBBARD & THORNTONS SUB FLET E ADD TO BLAKE GROVE L1
  • Photos Count: 24
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Buyer Financing: Conventional
Utilities
  • Solid Waste: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding
  • Foundation Details: Crawl Space
  • Roof: Asphalt, Shingle
Interior Features
  • Basement YN: No
  • Heating: Forced Air
  • Levels: Two
  • Laundry Features: Connections All
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: On Street
Income & Expenses
  • Expenses: 0
  • Gross Income: $.00
Unit 1
  • Unit Kitchen: 12x11
  • Unit Levels: 2
  • Unit Miscellaneous: Range/Oven
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Heat Forced
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 12x11
  • Unit Levels: 2
  • Unit Miscellaneous: Range/Oven
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Heat Forced
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities

Property History for 218 North Rural Street

DateEvent & SourcePriceAppreciation
Oct 17, 2025

Sold

MIBORMLS #22027044

$169,000—
Oct 14, 2025

Sold (Public Record)

Public Record #1923796798

$169,000

+7.8% / yr

Oct 9, 2025

Pending

MIBORMLS #22027044

—
DateEvent & SourcePrice
10/17/2025

Sold

MIBORMLS #22027044

$169,000
10/14/2025

Sold (Public Record)

Public Record #1923796798

$169,000

+7.8% / yr

10/09/2025

Pending

MIBORMLS #22027044

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 218 North Rural Street

Taxable ValueLand$2,300Additions$156,200Total$158,500
Tax Record2024$2,575 ($215 / month)
Home Facts
Baths1Total Finished SqFt1,226 SqFtAbove Grade Finished SqFt1,226 SqFtStories2Lot Size4,792 SqFtStyleDuplexYear Built1900Year Renovated1900ZoningZO01CountyMARIONAPN49-10-05-222-007.000-101

Schools near 218 North Rural Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Thomas D. Gregg School 15
PublicPK to 5

H.L. Harshman Magnet Middle School
Public6 to 8

Arsenal Technical High School
Public9 to 12

Brookside School 54
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Indpls Metro N

Based on information submitted to the MLS GRID as of 10/22/2025 06:57 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.