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    Indianapolis, IN Apartment Buildings for Sale

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    18 properties
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    Apartment Building Under Renovation
    Updated: Sep 21
    Apartment Building Under Renovation

    7020 - 7032 Twin Oaks Drive, Indianapolis, IN 46226

    $350,000
    0.60 AC lot
    7‑unit configuration with multiple 1-, 2-, and 3‑bedroom layouts
    0.6‑acre site with a large parking lot
    Building is gutted to the studs for renovation
    Roof and decking replaced in summer 2023
    All 7 sewer lines clear to the street as of July 2026
    View details
    Six-Unit Brick Apartment Building
    Updated: Oct 10, 2025
    Six-Unit Brick Apartment Building

    2101 N Pennsylvania Street, Indianapolis, IN 46202

    $1,555,000
    0.14 AC lot
    Six‑unit apartment building with six three‑bedroom residences
    Over 13,500 square feet of building area
    Each residence measures approximately 2,000 square feet
    All‑brick construction with historic architectural character
    Fully occupied multifamily property
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    10-Unit SRO Apartment Building
    10-Unit SRO Apartment Building

    3712 E Washington Street, Indianapolis, IN 46201

    $795,000
    0.14 AC lot

    Each level includes shared kitchens, living space, and laundry alongside units with private bathrooms.

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    See hot listings in Indianapolis

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    7-Unit Apartment Building
    7-Unit Apartment Building

    7020 - 7032 Twin Oaks Dr, Indianapolis, IN 46226

    $350,000
    6,794 sqft

    Gutted multifamily property with renewed roofing and flexible parking-area potential near mass transit.

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    12-Unit Brick Apartment Property
    12-Unit Brick Apartment Property

    1635 Central Avenue, Indianapolis, IN 46202

    $1,500,000
    0.36 AC lot

    Three separate buildings offer two-bedroom layouts, individual HVAC equipment, and basement laundry and storage.

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    37-Unit Apartment Portfolio
    37-Unit Apartment Portfolio

    5918 Devington Road, Indianapolis, IN 46226

    $2,740,000
    4.24 AC lot

    Multi-building residential property with private parking, varied laundry amenities, and a mix of one- and two-bedroom apartments.

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    Apartment Building with Surface Parking
    Apartment Building with Surface Parking

    1627 N Talbott Street, Indianapolis, IN 46202

    $250,000
    0.19 AC lot

    The property requires a full renovation and sits within the Herron-Morton Place Historic District.

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    Twelve-Unit Brick Multifamily Property
    Twelve-Unit Brick Multifamily Property

    1635 Central Ave, Indianapolis, IN 46202

    $1,500,000
    17,028 sqft

    Three all-brick buildings with 12 leased two-bedroom units, individually metered electric, and coin laundry for residents.

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    Historic Woodruff Place Multifamily Investment
    Historic Woodruff Place Multifamily Investment

    609 Woodruff Place Middle Drive, Indianapolis, IN 46201

    $775,000
    5,150 sqft

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

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    Mixed-Use Property with Retail Suites
    Mixed-Use Property with Retail Suites

    1024-1032 Shelby Street, Indianapolis, IN 46203

    Contact for pricing
    14,457 sqft

    Eleven-unit asset combines six commercial suites with five apartments near coffee shops, restaurants, galleries, and entertainment venues.

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    Three-Building Multifamily Property
    Three-Building Multifamily Property

    10705 E. US Highway 136, Indianapolis, IN 46234

    Contact for pricing
    12,602 sqft

    Windmill Apartments is a 33-unit multifamily property built in 1980 across three buildings.

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    Two-Site Townhome Portfolio
    Two-Site Townhome Portfolio

    412 E County Line Rd, Indianapolis, IN 46227

    Contact for pricing
    98,190 sqft

    Two-site, 66-unit townhome portfolio featuring attached garage units and in-unit washer/dryer connections.

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    Renovated Eight-Unit Apartment Building
    Renovated Eight-Unit Apartment Building

    2012 E Washington St, Indianapolis, IN 46201

    $949,000

    Fully leased property with one-bedroom, one-bath units and shared rear parking.

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    Apartment Building
    Apartment Building

    734 E McCarty St, Indianapolis, IN 46203

    $459,900

    Apartment property in Indianapolis with D8 zoning.

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    Apartment Redevelopment Property
    Apartment Redevelopment Property

    1505 South East Street, Indianapolis, IN 46203

    $399,900
    9,200 sqft

    Corner-lot property with attached garages, dedicated parking, and C-1 zoning near Indianapolis employment and entertainment districts.

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    Townhome Portfolio with Attached Garages
    Townhome Portfolio with Attached Garages

    5500 S Emerson Ave, Indianapolis, IN 46237

    Contact for pricing

    66-unit two-site townhome portfolio with attached one- or two-car garages and in-unit laundry connections.

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    Class A Townhome Apartment Community
    Class A Townhome Apartment Community

    6159 Winthrop Ave, Indianapolis, IN 46220

    Contact for pricing

    Twenty-four modern rental residences offer private entries, spacious layouts, premium finishes, and private patios.

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    20-Unit Portfolio Near UIndy Campus
    20-Unit Portfolio Near UIndy Campus

    Multiple Addresses in Larger Portfolio, Indianapolis, IN

    Contact for pricing
    20,585 sqft

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

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 18 Active Listings in Indianapolis, IN, we suggest to view alternatives - similar 54 Off-Market properties to explore as potential leads.

    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
    APARTMENT HOUSE (UNDER 5 UNITS)

    3902 Grand Ave, Indianapolis, IN 46226-4476

    Estimated value:
    $105,000
    3,318 sqft 0.24 AC lot
    View details
    3904 Grand Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    3904 Grand Ave, Indianapolis, IN 46226-4472

    Estimated value:
    $105,000
    3,364 sqft 0.23 AC lot
    View details
    3901 Grand Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    3901 Grand Ave, Indianapolis, IN 46226-4478

    Estimated value:
    $215,000
    3,471 sqft 0.24 AC lot
    View details
    8150 Aragon Woods Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    8150 Aragon Woods Dr, Indianapolis, IN 46214-1424

    Estimated value:
    $260,000
    2,304 sqft 4.08 AC lot
    View details
    2948 Shelby St
    APARTMENT HOUSE (UNDER 5 UNITS)

    2948 Shelby St, Indianapolis, IN 46203-5248

    Estimated value:
    $195,000
    2,894 sqft 0.11 AC lot
    View details
    4510 Southeastern Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    4510 Southeastern Ave, Indianapolis, IN 46203-2349

    Estimated value:
    $150,000
    1,092 sqft 1.01 AC lot
    View details

    Indianapolis, IN Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Indianapolis, IN, showcased through 18 active listings on our real estate platform. These investment opportunities span a total of 184,006 square feet of properties for sale, with an estimated market value of $11,623,800.

    Sale prices for apartment complexes in Indianapolis, IN start at $250,000, averaging $968,650, and reaching up to $2,740,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 979K
    Population Growth (5Y) +2.8%
    Median Household Income $67,417
    College Educated 30.4%

    High-Yield Neighborhoods for Investment

    Identify Indianapolis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46203 $429.9K
    46201 $862K
    46219 $950K
    46226 $1.1M
    46202 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 2.46%
    Property Tax per SF $41.61 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Indianapolis fall within the 100,000+ square foot range.

    How Realmo verifies these figures

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    Popular Searches in Indianapolis, IN

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    Most Searched ZIP Codes in Indianapolis, IN

    • 46202
    • 46201
    • 46203
    • 46226
    • 46220
    • 46227
    • 46234
    • 46237

    Featured Indianapolis Real Estate Agencies

    Realmo connects you with licensed Indianapolis CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Ron Cheeks Real Estate Group
    5397 E 38th St Indianapolis, IN 46218
    Phone: 13175427653
    www.speaktocheeks.com
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