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USAINIndianapolisArdella Add537 N Rural St
view of front of house with a front lawn and covered porch | Image 1
bungalow with a porch, a front lawn, and brick siding | Image 2
view of front facade with a front yard, covered porch, and a chimney | Image 3
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$500,000

Added 2 months ago

537 N Rural St, Indianapolis, IN

House

For Sale

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

Added 2 months ago

311288 sqft0
  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1288 sqft
Garage Yes
Taxes 
Days Active 65
Lot Size 
Approx. Age 1921
Avg. Price Per Sqft $388
MLS® Number 22035175

Property Address: 537 N Rural St, Indianapolis, Indiana

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
ExteriorStorage Shed
GarageYes
Approx. Age1921
BasementUnfinished
Driveway
Garage Spaces
HeatForced Air, Natural Gas
A/C
Heating Fuel

Extras

Rooms

Change to metres

Other:Main9 × 6 ft
Dining Room:Main14 × 14 ft
Bedroom 3:Main11 × 10 ft
Other:Main10 × 12 ft
Bedroom 2:Main10 × 10 ft
Living Room:Main13 × 25 ft
Kitchen:Main8 × 11 ft
537 N Rural St, Indianapolis, IN

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