537 N Rural Street

537 N Rural StreetIndianapolis, IN 46201


Active
$500,000
Asking Price
3
Bd
1
Ba
1,932
Sqft
0.12
Ac Lot

537 N Rural Street Indianapolis, IN 46201


Single Family Property Type
82 daysTime on Dwellane
$259Price per sqft
1 carGarage
1921Year Built
BasementUnfinished
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!

Approximate location on a geospatial gridEast Indy
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Year Built

1921

City

Indianapolis

Type

Single Family Residence

Neighborhood

Near Eastside

County

Marion

Lot Size

0.12 ac / 5,053 sqft

Bedrooms

3

Full Bathrooms

1

Half Bathrooms

0

Garage Capacity

1

Living Area Total

1,932 sqft

Price per sqft

$258.80

Living Area Main & Upper

1,288 sqft

Connect with a Dwellane Agent

Like what you see? Our trusted agents are ready to help you take the next step.

Listing Agent

Charlene Gaard
317-440-2149

Co-Listing Agent

Robert Gaard
317-445-1095

Listing Provider

No Limit Real Estate, LLC

MLS #

22035175

Source

MIBOR as distributed by MLS GRID

Last Modified

Mon Jul 07 2025

Listed on

Mon Apr 28 2025


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Near Eastside

Approximate location on a geospatial gridEast Indy
Near Eastside media

The Near Eastside of Indianapolis is home to both historic residential neighborhoods, including Cottage Home and Woodruff Place, as well as modern commercial developments like Kan-Kan Cinema and North Mass Boulder. Featuring the green spaces of Brookside Park, unique shopping opportunities at Midland Arts & Antiques Market, and excellent dining options like Beholder, this eclectic neighborhood has something for everyone.

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