Map
USAINIndianapolisArdella Add537 N Rural St
view of front of house with a front lawn and covered porch | Image 1
Link Copied

537 N Rural St, Indianapolis, IN

House

For Sale

Listed price in listed location currency (USD).
$500,000

310

MLS® 22035175

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1288 sqft
Garage Yes
Taxes 
Days Active 233
Lot Size 0.12 acres
Approx. Age 1921
Avg. Price Per Sqft $388
MLS® Number 22035175

Property Address: 537 N Rural St, Indianapolis, IN, 46201-2467

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to own three contiguous, fully rented single-family homes offering an outstanding 12.3% cap rate! All properties are occupied by long-term Section 8 tenants who pay their own utilities and supply their own appliances, minimizing owner responsibilities. 537 N Rural features 3 bedrooms, 1 bath, and 1, 288 sq ft, renting for $1, 500/month with $3, 334 in annual taxes. 541 N Rural offers 5 bedrooms, 2 baths, and 1, 628 sq ft, earning $1, 875/month with $1, 825 in annual taxes. 545 N Rural includes 2 bedrooms, 1 bath, and 1, 056 sq ft, generating $1, 653/month with $1, 162 in annual taxes. Total gross rental income is $60, 336 annually. Professional property management is in place at a 10% fee, with annual insurance of $600 per property. These homes sit side-by-side on three contiguous lots, offering both immediate cash flow and excellent long-term redevelopment or value-add potential. An ideal turnkey investment with guaranteed income streams, minimal maintenance, and strong market fundamentals. Don't miss this chance to secure a stable, high-yield portfolio!
MLS® Number22035175
Laundry Level
Central VacNo
FireplaceNo
Acreage0.12
Exterior
GarageYes
Approx. Age1921
BasementUnfinished
Driveway
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Other:Main Floor9 × 6 ft
Bedroom 3:Main Floor11 × 10 ft
Bedroom 2:Main Floor10 × 10 ft
Dining Room:Main Floor14 × 14 ft
Living Room:Main Floor13 × 25 ft
Other:Main Floor10 × 12 ft
Kitchen:Main Floor8 × 11 ft

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 28, 2025List Date
$500,000List Price

Home Estimate Zoopraisal®

This property is estimated to sell between: $179,000 and $661,000.
Similar properties in this area sold on average for: $179,934
Expected to sell very soon! Similar properties sold in 49 days. This home has been on Zoocasa for 233 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Powered by Zoocasa
  • Commute

Commute

Starting Address
Destination Address
537 N Rural St, Indianapolis, IN

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Comparable Properties

Company

Stay Connected

1-844-683-4663

[email protected]

800 - 1070 Douglas Street, Victoria, BC, V8W2C4

Download Our App

Apple StoreGoogle Play Store
US Real Estate ListingsCanada Real Estate Listings

Owned by

eXp Realty

© 2025 eXp Realty. eXp World Holdings, Inc. All Rights Reserved

Owned by

eXp Realty

© 2025 eXp Realty. eXp World Holdings, Inc. All Rights Reserved

Zoocasa Logo
A group of people at an event are laughing and cheering, with one man enthusiastically greeting a seated couple in the front row.
A group of people at an event are laughing and cheering, with one man enthusiastically greeting a seated couple in the front row.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

eXp Realty holds real estate brokerage licenses in multiple states. Zoocasa (Canada), Inc. holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

MLS® Compliance Statements
Tony King – Designated Managing Broker, Broker Operations – TX. Texas Real Estate Commission information about brokerage services
Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations. To view The Fair Housing Notice - Please Click Here. Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H. To View - Please Click Here.

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny – Designated Broker
eXp Realty of Southern California, Inc. | CA DRE# 02187306 | Gina Saad – Designated Broker
eXp Realty of Greater Los Angeles, Inc. | CA DRE# 02188471 | Anita Cruz – Designated Broker
eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas Penny – Designated Broker
Fair Housing and Reasonable Accommodations
DMCA Notice