Do Real Estate on the Go!
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$500,000
3 Beds
1 Bath1 full bath
1,288sqft
537 N Rural St, Indianapolis, IN 46201
$500,000
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Single Family Residence
Built in 1921
$-- HOA
5,053 sqft lot
$388/sq.ft
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 ...
Continue Reading- Houzeo last checked: 24 Minutes ago
- Listing updated: November 26, 2025 at 2:36 pm
- Listing Provided by: Charlene Gaard , Robert Gaard | No Limit Real Estate, LLC (317) 440-2149
- Source: Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN | MLS#: 22035175
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1921
HOA Fees
-
Finished Area
1,288 sqft
Lot Size
5,053 sqft lot
Basement Area
- sqft
MLS Name
Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS
MLS Number
22035175
MLS Status
Active
Days on Market
221
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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