OFF MARKET

Off Market Mar 2019 for $82K

$138,437

Studio

•

— ba

•

—

sq ft

40 S Rural St, Indianapolis, IN 46201

About this home

Attention Investors & Owner occupants! This 3/1 duplex is conveniently located near Washington and Rural. Close to the location of the Twin Aire Community Justice Center Development. Occupied unit pays $700/month! All Electric Duplex with separate Basements on each Side & central A/C! Many recent updates make this a value-add to your portfolio: Furnace, Water Heater, Windows, Electrical, Plumbing, and new carpets. Laundry hook-ups in the basement. Fenced backyard with a garage bay for each side. Great Location. Close to shopping. Close to Downtown. Live in one side and rent the other or use as Income Generator. Great Opportunity!

Multi-familyProperty Type

1920Year Built

4,791 sq ftLot Size

Listed by Philip Kirk • @properties

Contact: phil@atpropertiesind.com

Bought with Philip Kirk • @properties

Redfin checked: a minute ago

•Source:MIBOR as Distributed by MLS Grid #21611797

Redfin Estimate

$138,437

$56K since sold in March 2019$2,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 4% higher than the average sale price ($133K) of 6 comparable homes.

SOLD APR 17, 2026
$180,000
A
2 beds1.5 baths1,727 sq ft
252 Eastern Ave, Indianapolis, IN 46201
SOLD JUL 30, 2026
$71,500
B
2 beds1 bath1,405 sq ft
505 Saint Paul St, Indianapolis, IN 46203
SOLD FEB 26, 2026
$177,500
C
3 beds2.5 baths1,313 sq ft
319 S Temple Ave, Indianapolis, IN 46201
SOLD JUN 9, 2026
$140,000
D
2 beds2 baths1,186 sq ft
421 Villa Ave, Indianapolis, IN 46201
SOLD JUN 8, 2026
$90,000
E
3 beds1 bath1,920 sq ft
338 S Rural St, Indianapolis, IN 46201
SOLD APR 16, 2026
$140,000
F
1 bed2 baths1,200 sq ft
228 N Tacoma Ave, Indianapolis, IN 46201

Claim this home to receive a free report every month with insights on the changing estimate.

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

NEW 19 MINS AGO
$120,000
4 beds1.5 baths1,456 sq ft
101 N Riley Ave, Indianapolis, IN 46201
NEW 33 MINS AGO
$139,900
2 beds1 bath852 sq ft
962 N Olney St, Indianapolis, IN 46201
NEW 1 HR AGO
$259,900
3 beds3 baths2,352 sq ft
253 N Gray St, Indianapolis, IN 46201
NEW 2 HRS AGO
$329,900
5 beds3 baths2,540 sq ft
436 N Keystone Ave, Indianapolis, IN 46201
NEW 4 HRS AGO
$449,999
8 beds17 baths15,340 sq ft
945 Woodruff Place Middle Dr, Indianapolis, IN 46201
$110,000
4 beds2 baths1,756 sq ft
1134 N Oakland Ave, Indianapolis, IN 46201
NEW 18 HRS AGO
$235,000
3 beds1.5 baths2,167 sq ft
1317 Wallace Ave, Indianapolis, IN 46201
NEW 22 HRS AGO
$166,900
1 bed2 baths1,104 sq ft
4614 E 16th St, Indianapolis, IN 46201
$280,000
4 beds3 baths2,064 sq ft
33 N Gray St, Indianapolis, IN 46201
$474,900
2 beds4 baths2,352 sq ft
333 S State St, Indianapolis, IN 46201
See all

Provided by Redfin

Sale history for 40 S Rural St

Date

Event

Price

MIBOR as Distributed by MLS Grid #21611797

Mar 15, 2019

Sold

$82,000

Feb 4, 2019

Pending

—

Jan 2, 2019

Listed

$89,900

MIBOR as Distributed by MLS Grid #21555879

May 8, 2018

Sold

$60,000

Apr 20, 2018

Pending

—

Apr 13, 2018

Listed

$65,000

+28

Attention Investor & Owner occupants! Here is for Sale a Nice 2 bedroom one bath and 3 bedrooms one Bath All Electric Duplex with Basement per Side. Recent Updates include Furnace, Water Heater, Windows, Electrical and Plumbing. Laundry hook-ups in the basement. Fenced backyard with a garage bay for each side. Garage newly renovated with new roof and garage doors. Great Location. Close to shopping. Close to Downtown. Live in one side and rent the other or use as Income Generator. Great Opportunity! Buy it Today.

MIBOR as Distributed by MLS Grid #21244442

Sep 13, 2013

Listing Removed

—

Sep 11, 2013

Sold

$19,600

Jul 12, 2013

Listed

$21,500

Year

Property tax

Land + Additions

Assessment*

2025

$2,652 (+15.7%)

$4,200 + $87,500

$91,700

2024

$2,292 (+3.3%)

$4,200 + $89,400

$93,600

2023

$2,218 (+0.5%)

$4,200 + $89,400

$93,600

2022

$2,208 (+24.2%)

$4,200 + $85,500

$89,700

2021

$1,777 (+8.3%)

$4,200 + $68,800

$73,000

2020

$1,640 (+7.3%)

$4,200 + $68,800

$73,000

2019

$1,528 (+163.1%)

$4,200 + $62,800

$67,000

2018

$581 (+15.2%)

$4,200 + $56,900

$61,100

2017

$504 (+5.9%)

$4,200 + $51,100

$55,300

2016

$476 (+1.3%)

$4,200 + $51,100

$55,300

2015

$470 (+3.8%)

$4,200 + $50,600

$54,800

2014

$453 (−0.7%)

$4,200 + $49,400

$53,600

2013

$456

$4,200 + $49,500

$53,700

Tax history for 40 S Rural St

Year

Property tax

Land + Additions

Assessment*

2025

$2,652 (+15.7%)

$4,200 + $87,500

$91,700

2024

$2,292 (+3.3%)

$4,200 + $89,400

$93,600

2023

$2,218 (+0.5%)

$4,200 + $89,400

$93,600

2022

$2,208 (+24.2%)

$4,200 + $85,500

$89,700

2021

$1,777 (+8.3%)

$4,200 + $68,800

$73,000

2020

$1,640 (+7.3%)

$4,200 + $68,800

$73,000

2019

$1,528 (+163.1%)

$4,200 + $62,800

$67,000

2018

$581 (+15.2%)

$4,200 + $56,900

$61,100

2017

$504 (+5.9%)

$4,200 + $51,100

$55,300

2016

$476 (+1.3%)

$4,200 + $51,100

$55,300

2015

$470 (+3.8%)

$4,200 + $50,600

$54,800

2014

$453 (−0.7%)

$4,200 + $49,400

$53,600

2013

$456

$4,200 + $49,500

$53,700

*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

Beds

Baths

—

Stories

Lot width

35 ft.

Lot depth

146 ft.

Lot size

5,097 Sq. Ft.

Year renovated

1920

Sq. Ft.

1,056

Year built

1920

Style

Multi-Family (2-4 Unit)

County

Marion County

APN

491005162008000101

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

COMPACT

TOD

Medium Industrial District

The I-3 District is an intermediate District for industries that present moderate risks to the general public. Wherever practical, this District should be away from Protected Districts and buffered by intervening lighter Industrial Districts. Where this District abuts Protected Districts, setbacks are large and enclosure of activities and storage is required.

Zone overlays

Compact Context Area
Transit Oriented Development Secondary Zoning District

Permitted uses

Include but are not limited to:

Automotive repair garage
Gas station
Commercial laundry
Manufacturing
Self-Storage / mini-Storage
Warehouse
Research & development
Post office
Marina
Communications tower

Property details

Parking

Parking Information
Unit Parking: On Street

Interior

Interior Sq. Ft. Information
Building Area Total: 0
Living Area: 0

Laundry Room Information
Laundry Features: Connections All

Multi-Family Financial Information
Owner Pays: Other
Gross Income: 0
Expenses: 0

Multi-Unit Information
# of Units: 2

Unit Type 1 Information
Kitchen: 8x10
Levels: 2
Miscellaneous: No Equip, Range/Oven, Refrigrater
Rent: 650
Rent Frequency: Monthly
Utilities: Cl Cntrl Air, Fuel Elec, Heat Forced, Hot Wtr Elec

Unit Type 2 Information
Kitchen: 10x8
Levels: 2
Miscellaneous: No Equip,Range/Oven,Refrigrater
Rent: 700
Rent Frequency: Monthly
Utilities: Cl Cntrl Air,Fuel Elec,Heat Forced,Hot Wtr Elec

Exterior

Property Features
Conversion: No

Property Information
Property Type: Residential Income
Attached Property
Property Sub Type: Residential Units - 1 to 4

Land Information
Acres: <1/4 Acre

Lot Information
Lot Size Acres: 0.11
Lot Features: Other

Utilities

Utility Information
Utilities: Gas, Sewer Connected
Solid Waste Information: Yes
Building Utilities: Municipal Storm Connected

Location

School Information
High School District: Indianapolis Public Schools

Location Information
Directions: From East Washington Street and S Rural Street, Go South on Rural to home.
Tax Legal Description: AYRES E WASHINGTON ST ADD

Public facts

Beds: 2
Baths: —
Sq. Ft.: 1,056
Stories: 2.0
Lot Size: 5,097 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1920
Year Renovated: 1920
County: Marion County
APN: 491005162008000101

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: phil@atpropertiesind.com

Green Information
Green Certification YN: No

Home Information
Construction Materials: Aluminum Siding
Structure Type: Duplex
Levels: Two
Security Features: Smoke Alarm

Around this home

Schools

Thomas D. Gregg School 15

Public PreK-5 • Assigned • 0.6mi

4/10

HW Longfellow Med/STEM Magnet Midl

Public 6-8 • Assigned • 1.2mi

5/10

Arsenal Technical High School

Public 9-12 • Assigned • 1.1mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

3/10 Flood Factor

Estimated 14-20% chance 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

Estimated sale price

$132,000 – $160,000

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

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Home values near 40 S Rural St

Data from public records.

Address	Redfin Estimate
27 S Rural Street, Indianapolis, IN 4 Beds \| 2 Baths \| 1238 Sq. Ft.	$179,950
43 S Rural Street, Indianapolis, IN 1 Beds \| - Baths \| 910 Sq. Ft.	$111,554

Address	Redfin Estimate
26 S Rural Street, Indianapolis, IN 2 Beds \| - Baths \| 1008 Sq. Ft.	—
35 S Rural Street, Indianapolis, IN 5 Beds \| 2 Baths \| 3234 Sq. Ft.	$230,374

Address	Redfin Estimate
18 S Rural Street, Indianapolis, IN 2 Beds \| - Baths \| 1092 Sq. Ft.	$103,660
51 S Rural Street, Indianapolis, IN 2 Beds \| - Baths \| 675 Sq. Ft.	$83,444

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2019. This data may not match . Learn more.

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