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    1020-1022 N Rural St Indianapolis, IN 46201

    Pending
    For Sale
    $224,000

    Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.15 Acres
    Days on Market:
    8
    Last Refresh:
    Dec 5 at 11:06 am

    Property Features for 1020-1022 N Rural St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Rooms
    Basement
    APN
    490732192009000101
    Basement Y/N
    1
    Lot size
    0.15 Acres

    Building Details

    Year built
    1917
    Number of units
    2
    Roof type
    Asphalt
    Architectural style
    Other

    REAL BROKER, LLC (317) 614-5445 [email protected]

    Listing agent Lawton Link (317) 794-2827 License #RB17000627

    Listing date Nov 28, 2025

    MLS# 22069274 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Duplex Close to Downtown

    This turnkey duplex, located close to downtown Indianapolis, is suitable as a residence, an addition to an investment portfolio, or for living on one side while renting out the other. The property features updates on both sides, including a newer roof, exterior metal siding, paint, flooring, some windows, kitchen and bathroom fixtures, and appliances. These updates allow for immediate occupancy. The lot size is 0.15 acres. The property is located in Indianapolis, Indiana, with a postal code of 46201, in Marion County. Potential rental income for similar duplexes in the area is estimated to be up to $1000 per month for each side.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.116679
    Latitude
    39.781972

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    FAQs

    What type of property is this?
    Duplex - Updated duplex near downtown Indianapolis, ready for immediate occupancy.
    Where is this duplex located?
    The property is located at 1020-1022 N Rural St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $224,000.
    What are key features of this property?
    This property features: - Turnkey duplex ready for immediate occupancy.; - Potential rental income of up to $1000/month per side.; - Updated with newer roof, exterior siding, paint, flooring, some windows, kitchen and bathroom fixtures and appliances.
    (317) 794-2827
    Request Owner's contact information
    1020-1022 N Rural St Indianapolis, IN 46201
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    Indianapolis, IN 46201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1020-1022 N Rural St Indianapolis, IN 46201
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