Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Property Types
    • Retail
    • Office
    • Residential Income
    • Restaurants
    • Industrial
    • Mixed-Use
    • Hospitality
    • Health Care
    • Sports & Entertainment
    • Land
    • Agricultural
    • Specialty
    Price
    Price range
    $
    $
    Size
    Property size / sq.ft.
    AI Search

    Meet Realmo: The Largest Hub
    of Commercial Real     Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Indianapolis, IN Apartment Buildings for Sale

    List
    Map
    Fort Wayne, IN Evansville, IN Bloomington, IN
    12 results
    Indianapolis Multifamily Investment Opportunity
    $799,999
    5,760 SF

    Indianapolis Multifamily Investment Opportunity

    5925-5935 Devington Road, Indianapolis, IN 46226

    Well-maintained 8-unit property with income and growth potential.

    • Dependable income from a 100% occupied, 8‑unit multifamily property.
    • Each unit includes 2 bedrooms, 1 bath, and a detached one‑car garage.
    • Long‑term tenants and easy management contribute to stability.
    • Planned rent increases this year will boost income.
    • Updates have already been completed, reducing immediate maintenance needs.
    Updated: Jan 19
    View details
    Indianapolis Multi-Family Investment Opportunity
    $299,000
    6,582 SF

    Indianapolis Multi-Family Investment Opportunity

    2605 Shelby Street, Indianapolis, IN 46203

    Six-unit property in revitalizing Garfield Park neighborhood, ready for renovation.

    • Value‑add opportunity: Fully gutted and partially framed 6‑unit property, allowing for customized layouts and finishes.
    • Prime location: Directly across from Garfield Park in a rapidly revitalizing neighborhood, minutes from downtown and steps from the Red Line.
    • Flexible investment strategies: Ideal for long-, mid-, or short‑term rentals in a high‑demand area.
    • Diverse unit mix: Includes a variety of unit sizes (1BR, 2BR, and 3BR) to attract a wider range of tenants.
    • Contractor in place: A contractor is available to complete the project for a more turnkey execution.
    Updated: Apr 2
    View details
    Indianapolis Multifamily Investment Opportunity
    $565,000
    4,786 SF

    Indianapolis Multifamily Investment Opportunity

    Stabilized 8-unit multifamily property in Indianapolis' Reagan Park neighborhood.

    2438 Guilford Avenue, Indianapolis, IN 46205
    View details
    Indianapolis Multi-Family SRO Property
    $865,000
    5,376 SF

    Indianapolis Multi-Family SRO Property

    10-unit SRO property with income potential in Indianapolis, IN.

    3712 E Washington Street, Indianapolis, IN 46201
    View details
    Indianapolis Multifamily Investment Opportunity
    $1,555,000
    13,524 SF

    Indianapolis Multifamily Investment Opportunity

    Six-unit building in Herron-Morton neighborhood with expansion potential.

    2101 N Pennsylvania Street, Indianapolis, IN 46202
    View details
    Indianapolis Multifamily Redevelopment Opportunity
    $275,000
    9,424 SF

    Indianapolis Multifamily Redevelopment Opportunity

    12-unit multifamily property near downtown Indianapolis with redevelopment potential.

    1627 N Talbott Street, Indianapolis, IN 46202
    View details
    Historic Woodruff Place Multifamily Investment
    $750,000
    7,162 SF

    Historic Woodruff Place Multifamily Investment

    Seven-unit property in historic Woodruff Place, Indianapolis. Leased and renovated.

    725 Woodruff Place Middle Drive, Indianapolis, IN 46201
    View details
    Indianapolis Multi-Family Income Property
    $399,900
    2,314 SF

    Indianapolis Multi-Family Income Property

    Income-generating property with seven renovated units and potential for expansion.

    19-21 Hendricks Place, Indianapolis, IN 46201
    View details
    Historic Woodruff Place Multifamily Investment
    $775,000
    5,150 SF

    Historic Woodruff Place Multifamily Investment

    Nine-unit multifamily property in historic Woodruff Place, Indianapolis.

    609 Woodruff Place Middle Dr, Indianapolis, IN 46201
    View details
    Historic Woodruff Place Multifamily Investment
    $1,000,000
    7,150 SF

    Historic Woodruff Place Multifamily Investment

    Nine-unit multifamily property in historic Woodruff Place, Indianapolis.

    624 Woodruff Place Middle Dr, Indianapolis, IN 46201
    View details
    20-Unit Portfolio Near UIndy Campus
    Contact for pricing
    20,585 SF

    20-Unit Portfolio Near UIndy Campus

    20-unit portfolio with 47 bedrooms near University of Indianapolis.

    Multiple Addresses in Larger Portfolio, Indianapolis, IN
    View details
    Income Generating Multifamily Property
    $399,900
    2,314 SF

    Income Generating Multifamily Property

    Income-generating property with seven renovated units and potential for expansion.

    19-21 Hendricks Place, Indianapolis, IN 46201
    View details
    Based on your search, we've compiled 116 Potential Opportunities for your consideration. Besides 12 Active listings in Indianapolis, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 96 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Shelbyville Investment Property: Five Units
    $324,900
    0.19 Acres

    Shelbyville Investment Property: Five Units

    Five-unit investment property in Shelbyville's historic West Side neighborhood.

    617 W Franklin Street, Shelbyville, IN 46176
    View details
    Multi-Family Investment Opportunity
    $250,000
    6,129 SF

    Multi-Family Investment Opportunity

    Seven-unit residential property in Anderson, Indiana.

    1422 Central Avenue, Anderson, IN 46016
    View details
    Fully Occupied Apartment Building
    $309,000
    3,360 SF

    Fully Occupied Apartment Building

    Seven-unit apartment building in Anderson, Indiana, generating monthly income.

    1615 Main Street, Anderson, IN 46016
    View details
    Shelbyville Quadruplex Investment Opportunity
    $299,900
    0.09 Acres

    Shelbyville Quadruplex Investment Opportunity

    Quadruplex near downtown Shelbyville with stable tenants and low maintenance.

    106-108 W Pennsylvania Street, Shelbyville, IN 46176
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres

    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806
    View details
    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres

    Greenville Development Opportunity: 1.33 Acres

    1.33 acre parcel suitable for multi-family development near downtown.

    71 Salters Road, Greenville, SC 29607
    View details
    Prime Development Land Opportunity
    $2,750,000
    29.20 Acres

    Prime Development Land Opportunity

    29.2 acres of retail-zoned land in Springfield, Missouri.

    N West Bypass, Springfield, MO 65802
    View details
    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres

    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215
    View details

    Explore Off-Market Properties in Indianapolis, IN

    Consider similar Off-Market properties in Indianapolis, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3902 Grand Ave

    3902 Grand Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 3,318 SF
    Value Estimation by Request
    3902 Grand Ave, Indianapolis, IN 46226-4476
    View details
    3904 Grand Ave

    3904 Grand Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 3,364 SF
    Value Estimation by Request
    3904 Grand Ave, Indianapolis, IN 46226-4472
    View details
    3901 Grand Ave

    3901 Grand Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 3,471 SF
    Value Estimation by Request
    3901 Grand Ave, Indianapolis, IN 46226-4478
    View details
    8150 Aragon Woods Dr

    8150 Aragon Woods Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,304 SF
    Value Estimation by Request
    8150 Aragon Woods Dr, Indianapolis, IN 46214-1424
    View details
    2948 Shelby St

    2948 Shelby St

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,894 SF
    Value Estimation by Request
    2948 Shelby St, Indianapolis, IN 46203-5248
    View details
    4510 Southeastern Ave

    4510 Southeastern Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 1,092 SF
    Value Estimation by Request
    4510 Southeastern Ave, Indianapolis, IN 46203-2349
    View details
    5050 Kentucky Ave

    5050 Kentucky Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 5,214 SF
    Value Estimation by Request
    5050 Kentucky Ave, Indianapolis, IN 46221
    View details
    4205 10th St

    4205 10th St

    APARTMENT HOUSE (UNDER 5 UNITS) • 3,648 SF
    Value Estimation by Request
    4205 10th St, Indianapolis, IN 46201-2601
    View details
    8820 45th St

    8820 45th St

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,121 SF
    Value Estimation by Request
    8820 45th St, Indianapolis, IN 46226-4230
    View details
    7925 Palawan Dr

    7925 Palawan Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 1,716 SF
    Value Estimation by Request
    7925 Palawan Dr, Indianapolis, IN 46239-2189
    View details
    3903 Grand Ave

    3903 Grand Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 3,420 SF
    Value Estimation by Request
    3903 Grand Ave, Indianapolis, IN 46226-4480
    View details
    1302 Belmont Ave

    1302 Belmont Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 3,100 SF
    Value Estimation by Request
    1302 Belmont Ave, Indianapolis, IN 46221-1500
    View details

    Indianapolis, IN Apartment Buildings Investment Opportunities Market Analysis

    Explore 108 apartment buildings for sale in Indianapolis, IN, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 983,118 square feet of properties for sale, with an estimated market value of $14,268,899.

    Sale prices for two-family homes in Indianapolis, IN start at $55,000, averaging $254,801, and reaching up to $1,555,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Popular Searches in Indianapolis, IN

    Popular Categories

    Most Searched ZIP Codes in Indianapolis, IN

    • 46201
    • 46202
    • 46203
    • 46205
    • 46226

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!