Indianapolis, IN Apartment Buildings for Sale

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Beech Grove, IN Speedway, IN Lawrence, IN

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$1,550,000

17,028 SF

Brick 12-Unit Multifamily Property

1635 Central Avenue, Indianapolis, IN 46202

All-brick complex with individually metered, leased two-bedroom units and on-site coin laundry.

12‑unit multifamily with three all‑brick buildings, four units per building
Two‑bedroom, one‑bath layout in each unit; all units feature central air and individual furnaces and water heaters
Current leases at $895–$995 per month; all leases renew at $995
Individually metered electric—residents pay their own electric; no gas
Residents pay $50/month for utilities on top of rent; pets add $25/month

Updated: May 23

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$287,500

6,582 SF

Six-Unit Property Near Garfield Park

2605 Shelby Street, Indianapolis, IN 46203

Development opportunity in revitalizing Garfield Park neighborhood.

Prime location directly across from Garfield Park in a rapidly revitalizing neighborhood, close to downtown and the Red Line.
Significant value‑add opportunity to customize layouts and finishes for various rental strategies.
Six‑unit property with a diverse unit mix (1BR, 2BR, and 3BR units) to cater to a range of tenants.
Partially framed, down‑to‑the‑studs condition allows for complete customization and modernization of all systems.
Contractor in place and scope of work available for a more turnkey renovation execution.

Updated: Apr 2

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Indianapolis Multifamily Investment Opportunity

$799,999

5,760 SF

Indianapolis Multifamily Investment Opportunity

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

5925-5935 Devington Road, Indianapolis, IN 46226

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Herron-Morton Multifamily Investment Opportunity

$1,555,000

13,524 SF

Herron-Morton Multifamily Investment Opportunity

Landmark six-unit building in Indianapolis' Herron-Morton neighborhood.

2101 N Pennsylvania Street, Indianapolis, IN 46202

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$525,000

4,786 SF

Indianapolis Multifamily Investment Opportunity

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

2438 Guilford Avenue, Indianapolis, IN 46205

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$865,000

5,376 SF

Indianapolis Multi-Family Investment Opportunity

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

3712 E Washington Street, Indianapolis, IN 46201

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$2,740,000

41,124 SF

Indianapolis Multifamily Investment Opportunity

Professionally managed 37-unit multifamily portfolio in Indianapolis' east side.

5918 Devington Road, Indianapolis, IN 46226

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Indianapolis Multifamily Redevelopment Opportunity

$260,000

9,424 SF

Indianapolis Multifamily Redevelopment Opportunity

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

1627 N Talbott Street, Indianapolis, IN 46202

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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

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Fletcher Place Multifamily Investment Opportunity

22-unit multifamily property in Indianapolis's Fletcher Place neighborhood.

550 Fletcher Avenue, Indianapolis, IN 46203

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$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

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$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

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$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

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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

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 14 Active listings in Indianapolis, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 58 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

$389,900

3,702 SF

Multi-Family Investment Property

Five-unit income property near downtown Columbus, Indiana.

1105 17th Street, Columbus, IN 47201

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Fully Occupied 7-Unit Apartment Building

$300,000

3,360 SF

Fully Occupied 7-Unit Apartment Building

Fully occupied seven-unit apartment building in Anderson, Indiana with monthly gross rental income.

1615 Main Street, Anderson, IN 46016

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Columbus Multifamily Investment Opportunity

$389,900

3,432 SF

Columbus Multifamily Investment Opportunity

Five-unit income property near downtown Columbus, Indiana.

811 Pearl Street, Columbus, IN 47201

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$649,900

Versatile Mixed-Use Property For Sale

Mixed-use property with commercial, industrial, and residential spaces.

2500 E 10th St, Anderson, IN 46012

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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.

$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

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$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

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$2,850,000

29.20 Acres

Prime Development Land, Springfield MO

29.2 acres of retail-zoned land for mixed-use development.

N West Bypass, Springfield, MO 65802

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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

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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.