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    1315 N Rural St Indianapolis, IN 46201

    For Sale
    $82,000

    Ranch,Traditional, Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.14 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 6 at 11:06 pm

    Property Features for 1315 N Rural St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Basement
    APN
    490732193104000101
    Basement Y/N
    1
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1901
    Number of units
    2
    Building materials
    Wood Siding
    Roof type
    Asphalt
    Architectural style
    New Traditional

    Keller Williams Indianapolis Metro North (317) 846-6300 [email protected]

    Listing agent Peter Stewart (317) 846-6300 License #RB15000083

    Listing date Nov 26, 2025

    MLS# 22075012 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

    Duplex Near Brookside Park

    Located in the revitalizing Brookside Park neighborhood, this vacant duplex presents an opportunity for investors. Situated steps from Brookside Park, the property offers access to playgrounds, trails, and a creek. Its location is near downtown Indianapolis, major freeways, and several hospitals. Each unit includes 1 bedroom, 1 bathroom, and 696 square feet of living space, along with a full unfinished basement for storage or expansion. The layouts provide privacy, with entrances on separate sides of the building. One unit is nearly rent-ready, while the other requires cosmetic finishing. The exterior could benefit from siding and trim cleanup, paint, and landscaping. Off-street parking is available off the alley with a large gravel area, and a concrete pad in the back provides outdoor space. The property is situated on a lot of approximately 0.14 acres. This duplex is being sold as-is.
    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
    -86.116244
    Latitude
    39.785272

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    FAQs

    What type of property is this?
    Duplex - Vacant duplex near downtown Indy and Brookside Park.
    Where is this duplex located?
    The property is located at 1315 N Rural St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $82,000.
    What are key features of this property?
    This property features: - Prime location: Steps from Brookside Park, less than 5 minutes to downtown Indy, and within 10 minutes of five hospitals.; - Duplex with strong rental potential: Ideal for long-term tenants or furnished mid-term rentals.; - BRRRR opportunity: Significant potential to add value through renovation.
    (317) 846-6300
    Request Owner's contact information
    1315 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
    1315 N Rural St Indianapolis, IN 46201
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