OFF MARKET

Off Market May 2024 for $140K

—

Est. refi paymentEst. refi $232/mo

•

2 ba

•

1,766

sq ft

559 N Rural St, Indianapolis, IN 46201

About this home

Discover the perfect investment opportunity in the vibrant Near Eastside neighborhood! This duplex property features two charming units, each offering 1 bed and 1 bath. Whether you're looking to expand your rental portfolio or accommodate multigenerational living, this versatile property provides endless possibilities. Experience the convenience of dual living in a sought-after location. Don't miss out on the opportunity to capitalize on this prime investment. Schedule a viewing today and unlock the potential of this dual delight!

Multi-familyProperty Type

1936Year Built

5,881 sq ftLot Size

$79Price/Sq.Ft.

2 car garageParking

Listed by Terry Young • Red Bridge Real Estate

Contact: terry@redbridgerealestate.com

Bought with Non-BLC Member • MIBOR REALTOR® Association

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #21974228

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

NEW 54 MINS 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 3 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 17 HRS AGO
$235,000
3 beds1.5 baths2,167 sq ft
1317 Wallace Ave, Indianapolis, IN 46201
NEW 21 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
REDFIN OPEN SAT, 1PM TO 3PM
$205,000
2 beds1 bath1,572 sq ft
315 N Beville Ave, Indianapolis, IN 46201
3D WALKTHROUGH
$180,000
3 beds1.5 baths1,588 sq ft
234 S Denny St, Indianapolis, IN 46201
See all

Provided by Redfin

Sale history for 559 N Rural St

Join or sign in to view all info

Year

Property tax

Land + Additions

Assessment*

2025

$3,754 (+23.6%)

$15,600 + $138,000

$153,600

2024

$3,037 (−31.7%)

$15,600 + $108,400

$124,000

2023

$4,444 (+61.3%)

$15,600 + $108,400

$124,000

2022

$2,755 (+15.9%)

$15,600 + $101,600

$117,200

2021

$2,377 (+1.3%)

$15,600 + $83,700

$99,300

2020

$2,347 (+6.1%)

$15,600 + $83,700

$99,300

2019

$2,212 (+26.1%)

$2,400 + $95,400

$97,800

2018

$1,754 (+12.0%)

$2,400 + $88,200

$90,600

2017

$1,566 (+42.5%)

$2,400 + $66,400

$68,800

2016

$1,099 (+9.7%)

$2,400 + $66,400

$68,800

2015

$1,002 (+26.5%)

$2,400 + $50,500

$52,900

2014

$792 (−1.1%)

$2,400 + $46,200

$48,600

2013

$801

$2,400 + $40,200

$42,600

Tax history for 559 N Rural St

Year

Property tax

Land + Additions

Assessment*

2025

$3,754 (+23.6%)

$15,600 + $138,000

$153,600

2024

$3,037 (−31.7%)

$15,600 + $108,400

$124,000

2023

$4,444 (+61.3%)

$15,600 + $108,400

$124,000

2022

$2,755 (+15.9%)

$15,600 + $101,600

$117,200

2021

$2,377 (+1.3%)

$15,600 + $83,700

$99,300

2020

$2,347 (+6.1%)

$15,600 + $83,700

$99,300

2019

$2,212 (+26.1%)

$2,400 + $95,400

$97,800

2018

$1,754 (+12.0%)

$2,400 + $88,200

$90,600

2017

$1,566 (+42.5%)

$2,400 + $66,400

$68,800

2016

$1,099 (+9.7%)

$2,400 + $66,400

$68,800

2015

$1,002 (+26.5%)

$2,400 + $50,500

$52,900

2014

$792 (−1.1%)

$2,400 + $46,200

$48,600

2013

$801

$2,400 + $40,200

$42,600

*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

42 ft.

Lot depth

140 ft.

Lot size

5,881 Sq. Ft.

Year renovated

1936

Sq. Ft.

795

Year built

1936

Style

Multi-Family (2-4 Unit)

County

Marion County

APN

491005224002000101

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

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

Property details

Parking

Parking Information
Parking Features: Detached
Garage Spaces: 2

Interior

Basement Information
Has Basement

Heating & Cooling
Cooling Information: Central Electric

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

Multi-Unit Information
# of Units: 2

Unit Type 1 Information
Kitchen: 143.85
Levels: 1
Rent: 0
Rent Frequency: Monthly

Exterior

Property Features
Conversion: No

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

Land Information
Current Use: Vacant
Acres: <1/4 Acre

Lot Information
Lot Size Acres: 0.14
Road Access: Access Rd

Utilities

Utility Information
Solid Waste Information: Yes

Location

School Information
High School District: Indianapolis Public Schools

Location Information
Directions: GPS Friendly
Tax Legal Description: Langes E North St Add L4

Public facts

Beds: 1
Baths: —
Sq. Ft.: 795
Stories: 1.0
Lot Size: 5,881 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1936
Year Renovated: 1936
County: Marion County
APN: 491005224002000101

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: terry@redbridgerealestate.com

Green Information
Green Certification YN: No

Home Information
Levels: One

Around this home

Schools

Thomas D. Gregg School 15

Public PreK-5 • Assigned • 0.3mi

4/10

H.L. Harshman Magnet Middle School

Public 6-8 • Assigned • 0.9mi

10/10

Arsenal Technical High School

Public 9-12 • Assigned • 0.9mi

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 102° expected this year, 19 days in 30 years

2/10 Wind Factor

1% 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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New listings for sale in 46201

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NEW 21 HRS AGO

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REDFIN OPEN SAT, 1PM TO 3PM3D WALKTHROUGH

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2 beds1 bath1,572 sq ft

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Home values near 559 N Rural St

Data from public records.

Address	Redfin Estimate
555 North Rural St, Indianapolis, IN 3 Beds \| - Baths \| 1830 Sq. Ft.	$142,427
612 North Rural St, Indianapolis, IN 3 Beds \| 1 Baths \| 1571 Sq. Ft.	$113,034

Address	Redfin Estimate
610 North Rural St, Indianapolis, IN 2 Beds \| 1 Baths \| 1596 Sq. Ft.	$156,208
545 North Rural St, Indianapolis, IN 2 Beds \| - Baths \| 960 Sq. Ft.	$154,798

Address	Redfin Estimate
565 North Rural St, Indianapolis, IN 2 Beds \| - Baths \| 1336 Sq. Ft.	$201,313
603 North Rural St, Indianapolis, IN 3 Beds \| - Baths \| 1358 Sq. Ft.	$190,531

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2024. This data may not match . Learn more.

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