Come check out this great investment opportunity in a growing and vibrant community. This duplex features two units, each offering 2 bedrooms and 1 bathroom, with a tenant already in place on a month-to-month lease. This gives you the flexibility to continue cash flowing immediately or bring in your own tenants. This property is perfect for investors looking to expand their portfolio, or for first-time investors who want to live in one unit while collecting rent from the other. It's conveniently located near major highways, a variety of dining options, and lively local events-all within a developing neighborhood that shows promising growth. All cash offers are negotiable, Please note that the seller will not work with wholesalers, and tenant's rights apply.
Multi-familyProperty Type
1926Year Built
4,879 sq ftLot Size
$51Est. Price/Sq.Ft.
Listed by LaKisha Lately• F.C. Tucker Company
Listed by Brittany Perry• F.C. Tucker Company
Bought with Tiff Atkinson• Keller Williams Indy Metro NE
Attention investors! Great cashflow opportunity with this 2BD/1BA duplex close to Brookside Park. Be downtown in five minutes with easy access to the highway. Interior and exterior in overall in good condition with spacious floor plan and upstairs bath. 1829 is occupied and leased through March 2021. 1831 is vacant, missing furnace and water heater and will need minor TLC. Sold "as is" and no repairs to be made.
MIBOR as Distributed by MLS Grid #21675502
Feb 4, 2020
Listing Removed
—
Oct 22, 2019
Pending
—
Oct 17, 2019
Listed
$78,000
$19/sq ft
MIBOR as Distributed by MLS Grid #2233572
Jul 18, 2002
Listed
$8,000
$2/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,800 (−35.1%)
$4,300 + $121,200
$125,500
2024
$2,772 (+5.7%)
$4,300 + $107,400
$111,700
2023
$2,622 (+57.6%)
$4,300 + $107,400
$111,700
2022
$1,664 (−17.7%)
$4,300 + $101,200
$105,500
2021
$2,021 (+180.5%)
$4,300 + $76,600
$80,900
2020
$720 (−63.4%)
$4,300 + $76,600
$80,900
2019
$1,968 (+40.6%)
$2,800 + $79,000
$81,800
2018
$1,400 (+14.2%)
$2,800 + $75,800
$78,600
2017
$1,226 (+5.3%)
$2,800 + $49,800
$52,600
2016
$1,164 (+6.2%)
$2,800 + $49,800
$52,600
2015
$1,096 (+5.5%)
$2,800 + $49,200
$52,000
2014
$1,039
$2,800 + $47,000
$49,800
Tax history for 1829 N Rural St
Year
Property tax
Land + Additions
Assessment*
2025
$1,800 (−35.1%)
$4,300 + $121,200
$125,500
2024
$2,772 (+5.7%)
$4,300 + $107,400
$111,700
2023
$2,622 (+57.6%)
$4,300 + $107,400
$111,700
2022
$1,664 (−17.7%)
$4,300 + $101,200
$105,500
2021
$2,021 (+180.5%)
$4,300 + $76,600
$80,900
2020
$720 (−63.4%)
$4,300 + $76,600
$80,900
2019
$1,968 (+40.6%)
$2,800 + $79,000
$81,800
2018
$1,400 (+14.2%)
$2,800 + $75,800
$78,600
2017
$1,226 (+5.3%)
$2,800 + $49,800
$52,600
2016
$1,164 (+6.2%)
$2,800 + $49,800
$52,600
2015
$1,096 (+5.5%)
$2,800 + $49,200
$52,000
2014
$1,039
$2,800 + $47,000
$49,800
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
6
Baths
—
Stories
2
Lot width
38 ft.
Lot depth
128 ft.
Lot size
4,879 Sq. Ft.
Year renovated
1926
Sq. Ft.
916
Year built
1926
Style
Multi-Family (2-4 Unit)
County
Marion County
APN
490732137004000101
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D5
COMPACT
Dwelling District Five
The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.
Zone overlays
Compact Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space
Nov 13, 2013 • Active
Structural permit-1-2 family-renovation
Remodel
Sep 30, 2013 • Active
Electrical permit-1-2 family-alteration-remodel
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Unit Parking: 2 Car Space
Interior
Basement Information
Has Basement
Multi-Family Financial Information
Owner Pays: Insurance, Taxes, Water
Gross Income: 1762
Expenses: 4447
Multi-Unit Information
# of Units: 2
Unit Type 1 Information
Kitchen: 12x13
Levels: 2
Rent: 825
Rent Frequency: Monthly
Utilities: Fuel Elec, Heat Forced
Unit Type: 2 Bedroom
Unit Type 2 Information
Kitchen: 12x13
Levels: 2
Rent: 935
Rent Frequency: Monthly
Unit Type: 2 Bedroom
Exterior
Exterior Features
Exterior Features: Other
Roof: Asphalt
Property Features
Conversion: No
Property Information
Property Type: Residential Income
Property Sub Type: Duplex
Land Information
Current Use: Residential
Acres: <1/4 Acre
Lot Information
Lot Size Acres: 0.11
Road Access: Not Applic
Utilities
Utility Information
Solid Waste Information: No
Location
School Information
High School District: Indianapolis Public Schools
Location Information
Directions: GPS Friendly
Tax Legal Description: Standard Land Co S Add S K Flets 1st Brookside L6
Public facts
Beds: 6
Baths: —
Sq. Ft.: 916
Stories: 2.0
Lot Size: 4,879 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1926
Year Renovated: 1926
County: Marion County
APN: 490732137004000101
Home facts updated by county records on Jul 29, 2026
Other
Home Information
Construction Materials: Brick, Vinyl Siding
Structure Type: Duplex
Levels: Two
Around this home
Schools
Brookside School 54
Public PreK-5 • Assigned • 0.7mi
3/10
H.L. Harshman Magnet Middle School
Public 6-8 • Assigned • 1.2mi
10/10
KIPP Indy Legacy High
Charter 9-12 • Assigned • 0.9mi
4/10
Arsenal Technical High School
Public 9-12 • Assigned • 1.4mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 19 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46218
Average low and high temperatures (°F)
32
18
42
26
60
40
68
48
72
54
83
66
87
72
82
65
82
60
71
49
54
39
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.7 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$203,000 – $246,000
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