Duplex with Full
For Sale
$135,400
315 S Rural Street, Indianapolis, IN 46201
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.12 Acres
Days on Market79
Property Features for 315 S Rural Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bedroom 1, Bedroom 2, Bathroom 2
Basement
Unfinished
Subdivision
Forest Park
Lot features
City Lot, Curbs, Sidewalks
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Standard status
Active
APN
491008135096000101
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2025
Tax Description
Forest Park Add Sec A L8 B16
Tax Annual Amount
1848
Legal Description
Forest Park Add Sec A L8 B16
Utilities
Heating system
Forced Air
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Architectural style
Ranch
Buildings
1
Listing Agency:
Ferris Property Group
(317) 204-8324
Listed By:
MaryBeth Cambre
(317) 446-0457
Added: Aug 13
Changed: Oct 30
Last Checked: Oct 30 at 12:06PM
MLS# 22119594
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1950, this single-level duplex contains two matching residences, each arranged with one bedroom and one bathroom. A full basement, furnace, and water heater serve each unit, and electricity is separately metered. Forced-air heating is listed for the property.
The building sits on a 0.12-acre lot at 315 S Rural Street in Indianapolis. Both units are occupied by tenants with tenures of more than three years.
The building sits on a 0.12-acre lot at 315 S Rural Street in Indianapolis. Both units are occupied by tenants with tenures of more than three years.
Key Highlights
- Two matching units, each with 1 bedroom and 1 bathroom
- A full basement, furnace, and water heater for each unit
- Electricity is separately metered
Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
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Business Placement
Demographics for 46201, IN
31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
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 - Two side-by-side residences have separate utilities and their own basement space.
Where is this duplex located?
The property is located at 315 S Rural Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $135,400.
What are key features of this property?
This property features: Two matching units, each with 1 bedroom and 1 bathroom; A full basement, furnace, and water heater for each unit; Electricity is separately metered
