SOLD OCT 17, 2025

Off Market Oct 2025 for $169K

—

Est. refi paymentEst. refi $943/mo

•

438 ba

•

468,660

sq ft

218 N Rural St N, Indianapolis, IN 46201

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.

Multi-familyProperty Type

1900Year Built

4,792 sq ftLot Size

Listed by Peter Stewart • Keller Williams Indpls Metro N

Bought with Anthony Jackson-Moses • Tip Top Realty, LLC

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #22027044

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 46201, IN

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.9%

+1.0% MoM

Median sale price

$202K

$22K MoM

Avg. days on market

21d

9 days MoM

Recently sold homes

198

13 MoM

New listings for sale

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See all

Provided by Redfin

Sale history for 218 N Rural St N

Date

Event

Price

MIBOR as Distributed by MLS Grid #22027044

Oct 17, 2025

Sold

$169,000

$0/sq ft

Sep 16, 2025

Pending

—

Sep 11, 2025

Price Changed

$169,000

$0/sq ft

May 2, 2025

Price Changed

$175,000

$0/sq ft

Mar 17, 2025

Listed

$185,000

$0/sq ft

MIBOR as Distributed by MLS Grid #21961968

Feb 29, 2024

Sold

$149,500

$0/sq ft

Feb 7, 2024

Pending

—

Jan 31, 2024

Listed

$180,000

$0/sq ft

+17

Ready to go duplex with separate water, electric, and gas meters. Each side is leased for $725 a month. Tenants pay all utilities. (Trash is included in city taxes.) Professionally managed. Duplex is two-stories, each side/unit with 2 bedrooms and 1 bathroom. 218 lease expires Aug 31st, 2024. 220 lease expires Sept 30th, 2024. This property sits within an Indiana Opportunity Zone. Less than 10 minutes to the Circle center. Just north of the property are sought after neighborhoods such as Woodruff Place and St. Clair Place. Popular restaurants and local shop of Mass Ave are also 10 minutes away. Selling As-Is. Photos are of 220 side.

MIBOR as Distributed by MLS Grid #21616820

Mar 4, 2019

Sold

$90,000

$0/sq ft

Feb 2, 2019

Pending

—

Jan 31, 2019

Listed

$90,000

$0/sq ft

This property sits within an Indiana Opportunity Zone, which means it qualifies for tax breaks on capital gains! See supplemental for more details on opportunity zones. Great investment rental property in now popular Englewood of the near east side. Less than 10 minutes to the Circle, and surrounded by redevelopment, this nice duplex is two-stories, each unit with 2 bedrooms and 1 bathroom. Just north of the property are sought after neighborhoods such as Woodruff Place and St. Clair Place. Popular restaurants, eclectic local shops, and top notch galleries of Mass Ave are also less than 10 minutes away. Both units are currently occupied each receiving $650 rent per month. Selling As-Is.

MIBOR as Distributed by MLS Grid #2446177

Nov 15, 2004

Listing Removed

—

Aug 13, 2004

Listed

$15,900

$0/sq ft

MIBOR as Distributed by MLS Grid #2446182

Aug 13, 2004

Listed

$9,000

$0/sq ft

MIBOR as Distributed by MLS Grid #2217486

Apr 16, 2002

Listed

$14,900

$0/sq ft

MIBOR as Distributed by MLS Grid #2200091

Mar 31, 2002

Listing Removed

—

Jan 2, 2002

Listed

$14,900

$0/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$3,849 (+42.8%)

$2,300 + $156,200

$158,500

2024

$2,696 (+10.4%)

$2,300 + $106,200

$108,500

2023

$2,442 (+7.2%)

$2,300 + $106,200

$108,500

2022

$2,278 (+35.0%)

$2,300 + $95,600

$97,900

2021

$1,687 (+0.6%)

$2,300 + $65,800

$68,100

2020

$1,678 (+21.7%)

$2,300 + $65,800

$68,100

2019

$1,378 (+1.4%)

$2,300 + $65,200

$67,500

2018

$1,359 (+15.3%)

$2,300 + $51,300

$53,600

2017

$1,179 (+80.6%)

$2,300 + $48,100

$50,400

2016

$653 (−33.6%)

$2,300 + $48,100

$50,400

2015

$984 (+5.7%)

$2,300 + $43,500

$45,800

2014

$931 (+3.9%)

$2,300 + $42,400

$44,700

2013

$896

$2,300 + $40,800

$43,100

Tax history for 218 N Rural St N

Year

Property tax

Land + Additions

Assessment*

2025

$3,849 (+42.8%)

$2,300 + $156,200

$158,500

2024

$2,696 (+10.4%)

$2,300 + $106,200

$108,500

2023

$2,442 (+7.2%)

$2,300 + $106,200

$108,500

2022

$2,278 (+35.0%)

$2,300 + $95,600

$97,900

2021

$1,687 (+0.6%)

$2,300 + $65,800

$68,100

2020

$1,678 (+21.7%)

$2,300 + $65,800

$68,100

2019

$1,378 (+1.4%)

$2,300 + $65,200

$67,500

2018

$1,359 (+15.3%)

$2,300 + $51,300

$53,600

2017

$1,179 (+80.6%)

$2,300 + $48,100

$50,400

2016

$653 (−33.6%)

$2,300 + $48,100

$50,400

2015

$984 (+5.7%)

$2,300 + $43,500

$45,800

2014

$931 (+3.9%)

$2,300 + $42,400

$44,700

2013

$896

$2,300 + $40,800

$43,100

*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

Baths

Stories

Lot width

38 ft.

Lot depth

126 ft.

Lot size

4,792 Sq. Ft.

Year renovated

1900

Sq. Ft.

1,226

Year built

1900

Style

Multi-Family (2-4 Unit)

County

Marion County

APN

491005222007000101

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

COMPACT

TOD

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
Transit Oriented Development Secondary Zoning District

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

Property details

Parking

Parking Information
Unit Parking: On Street

Interior

Laundry Room Information
Laundry Features: Connections All

Heating & Cooling
Heating Information: Forced Air

Multi-Family Financial Information
Gross Income: 0
Expenses: 0

Multi-Unit Information
# of Units: 2

Unit Type 1 Information
Kitchen: 12x11
Levels: 2
Miscellaneous: Range/Oven
Rent: 800
Rent Frequency: Monthly
Utilities: Heat Forced
Unit Type: 2 Bedroom

Unit Type 2 Information
Kitchen: 12x11
Levels: 2
Miscellaneous: Range/Oven
Rent: 850
Rent Frequency: Monthly
Utilities: Heat Forced
Unit Type: 2 Bedroom

Exterior

Exterior Features
Fence YN: No
Roof: Asphalt, Shingle

Property Features
Conversion: No

Property Information
Property Type: Residential Income
Attached Property
Property Sub Type: Duplex

Land Information
Current Use: Apt<20, Residential
Acres: <1/4 Acre

Lot Information
Lot Size Acres: 0.11
Lot Features: Sidewalks
Road Access: Frontage Road

Utilities

Utility Information
Solid Waste Information: Yes

Location

School Information
High School District: Indianapolis Public Schools

Location Information
Directions: GPS Friendly
Tax Legal Description: HUBBARD & THORNTONS SUB FLET E ADD TO BLAKE GROVE L1

Community Information
Low Maintenance Lifestyle YN: No

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 1,226
Stories: 2.0
Lot Size: 4,792 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: 1900
County: Marion County
APN: 491005222007000101

Home facts updated by county records on Jul 29, 2026

Other

Home Information
Foundation Details: Crawl Space
Construction Materials: Aluminum Siding
Structure Type: Duplex
Levels: Two

Around this home

Schools

Thomas D. Gregg School 15

Public PreK-5 • Assigned • 0.4mi

4/10

Arsenal Technical High School

Public 9-12 • Assigned • 1.0mi

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

4/10 Heat Factor

7 days above 101° 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 • 46201

Average low and high temperatures (°F)

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

Sell confidently with a local market expert in Indianapolis. 3 minutes to get started.

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Home values near 218 N Rural St N

Data from public records.

Address	Redfin Estimate
216 N Rural Street, Indianapolis, IN 3 Beds \| 1.5 Baths \| 1282 Sq. Ft.	$192,856
236 N Rural Street, Indianapolis, IN 4 Beds \| - Baths \| 2340 Sq. Ft.	$156,007

Address	Redfin Estimate
230 N Rural Street, Indianapolis, IN 6 Beds \| 4 Baths \| 4816 Sq. Ft.	—
237 N Rural Street, Indianapolis, IN 3 Beds \| 1 Baths \| 1780 Sq. Ft.	$265,613

Address	Redfin Estimate
40 N Rural Street, Indianapolis, IN 3 Beds \| - Baths \| 2588 Sq. Ft.	$166,945
233 N Rural Street, Indianapolis, IN 2 Beds \| - Baths \| 840 Sq. Ft.	$133,476

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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