Updated 2-Unit
New
For Sale
$325,000
2918 Ruckle St, Indianapolis, IN 46205
Both residences have three bedrooms, basement laundry and storage, and access to a fenced backyard.
Property Size2,544 SF
Price / SF$127.75
Days on Market4
Property Features for 2918 Ruckle St
General Information
Standard status
Active
Size
2,544 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Mapleton / Fall Creek
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Amenities
covered front porch
basement storage and laundry space
balcony decks
fully fenced backyard
Building Details
Year Built
1920
Year Renovated
2026
Buildings
1
Listing Agency:
Sadler Real Estate
Listed By:
Streamlined Realty
(317) 721-2274
Source:
Streamlinedrealty
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 23 at 6:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sadler Real Estate
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Investment Insights
Based on property information with market context.
This 2,544-square-foot duplex, built in 1920, has two vacant residences with matching layouts: three bedrooms and one full plus one half bath per side. A 2026 renovation brought updated kitchens with granite countertops and appliances, refreshed bathrooms with tiled showers, and luxury vinyl plank flooring. Each unit also has a covered front porch, balcony deck, main-level half bath, and basement laundry and storage. Newer furnaces serve the property.
The building is at 2918 Ruckle St in Indianapolis. Each side has a separate electric meter, while gas and water meters are shared. Both residences have access to the fully fenced backyard.
The building is at 2918 Ruckle St in Indianapolis. Each side has a separate electric meter, while gas and water meters are shared. Both residences have access to the fully fenced backyard.
Key Highlights
- Two units, each with 3 bedrooms and 1.5 bathrooms
- 2,544 square feet; built in 1920
- Renovated in 2026, including kitchens, bathrooms, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,850
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,000
$537.0K
Cap Rate 7%
$383,571
$383.6K
Cap Rate 9%
$298,333
$298.3K
Market Conditions
NOI Build-Up for 2,544 SF
Gross rent
$41.2K $16.20/SF
− Vacancy
−$2.9K −$1.12/SF
EGI
$38.4K $15.08/SF
− OpEx
−$11.5K −$4.52/SF
NOI
$26.8K $10.55/SF
Area
Indianapolis, IN
Vacancy
6.93%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,000
Cap Rate 7%
$383,571
Cap Rate 9%
$298,333
Alternative Uses
Best Use
Multifamily LT 5
$383.6K
$335.6K – $447.5K
NOI $26,850 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$333.5K
$291.8K – $389.1K
NOI $23,347 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$633.2K
$554.1K – $738.8K
NOI $44,327 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
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Business Placement
Demographics for 46205, IN
27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, basement laundry and storage, and access to a fenced backyard.
Where is this duplex located?
The property is located at 2918 Ruckle St Indianapolis, IN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1.5 bathrooms; 2,544 square feet; built in 1920; Renovated in 2026, including kitchens, bathrooms, and flooring
