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Indiana

Apartment Building

Marion County, IN Apartment Buildings for Sale

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Indianapolis, IN Fort Wayne, IN Evansville, IN Bloomington, IN South Bend, IN Muncie, IN Elkhart, IN Anderson, IN

17 properties

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Historic Woodruff Place Multifamily Investment

Updated: Dec 16, 2025

Historic Woodruff Place Multifamily Investment

725 Woodruff Place Middle Drive, Indianapolis, IN 46201

$750,000

7,162 sqft

Immediate income and stable cash flow from 7 currently leased units.
Rare opportunity to invest in Indianapolis' desirable historic Woodruff Place.
Value‑add potential with recent improvements: new sewer, new roof, 3 renovated units, remodeled bathroom, new water heater.
Opportunity to purchase individually or as part of a larger portfolio of 4 additional nearby buildings.
Prime location minutes from downtown Indianapolis with strong rental demand.

This listing looks promising.

Here's a quick look at some key insights for

725 Woodruff Place Middle Drive, Indianapolis, IN 46201

View Property Analytics

Est. Cap Rate

8.8%
Above avg (5.9%)
Est. NOI

$66K
Annual
Price @ 7% Cap

$939K
Above asking
Property Type

Row House
Built 1910

View Property Analytics

Apartment Building with Surface Parking

Updated: Apr 10

Apartment Building with Surface Parking

1627 N Talbott Street, Indianapolis, IN 46202

$250,000

0.19 AC lot

0.19‑acre lot
Surface parking lot
Full renovation required; property described as distressed
Built in 1867
Located in the Herron‑Morton Place Historic District

Pre-War Brick Multifamily Building

Pre-War Brick Multifamily Building

5819 E Washington St, Indianapolis, IN 46219

$950,000

10,000 sqft 0.25 AC lot

Fourteen-unit pre-war property with 13 studios and one one-bedroom unit on a small, well-maintained site.

Historic Restaurant with Studio Apartments

Historic Restaurant with Studio Apartments

1144 Kentucky Avenue, Indianapolis, IN 46221

$605,000

4,864 sqft

First-floor restaurant plus eight leased studio apartments above, with parking lot for about 35 vehicles and basement storage.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

8-Unit Multifamily with Garages

8-Unit Multifamily with Garages

5925-5935 Devington Road, Indianapolis, IN 46226

$850,000

5,760 sqft

Well-maintained 8-unit property with fully occupied 2-bedroom units and detached one-car garages.

Gutted 6-Unit Multifamily Fixer

Gutted 6-Unit Multifamily Fixer

2605 Shelby Street, Indianapolis, IN 46203

$299,000

6,582 sqft

Six-unit property with two connected structures and framing underway, requiring full renovation to major systems and interior finishes.

12-Unit Studio Apartment Building

12-Unit Studio Apartment Building

2325 Shelby Street, Indianapolis, IN 46203

$1,125,000

9,720 sqft

12 studio units with month-to-month leases and on-site paved parking for eight vehicles.

10-Unit Apartment Building

10-Unit Apartment Building

3544 Carrollton Avenue, Indianapolis, IN 46205

$1,300,000

10,000 sqft

Ten-unit building with six three-bedroom and four two-bedroom apartments.

Mixed-Use Investment Building

Mixed-Use Investment Building

536 E MARKET ST, Indianapolis, IN 46202

Contact for pricing

20,952 sqft

Well-maintained mixed-use property with elevator, dry sprinkler system, LED lighting, and parking, zoned CBD-2 for retail, office, or multifamily.

Historic Woodruff Place Multifamily Investment

Historic Woodruff Place Multifamily Investment

609 Woodruff Place Middle Dr, Indianapolis, IN 46201

Contact for pricing

5,150 sqft

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

Historic Woodruff Place Multifamily Investment

Historic Woodruff Place Multifamily Investment

624 Woodruff Place Middle Dr, Indianapolis, IN 46201

Contact for pricing

7,150 sqft

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

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.

Twelve-Unit Brick Multifamily Property

Twelve-Unit Brick Multifamily Property

1635 Central Ave, Indianapolis, IN 46202

Contact for pricing

17,028 sqft

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

Apartment Building

Apartment Building

734 E McCarty Street, Indianapolis, IN 46203

$459,900

Apartment property in Indianapolis with D8 zoning.

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.

Fletcher Place Multifamily Investment Opportunity

Fletcher Place Multifamily Investment Opportunity

550 Fletcher Avenue, Indianapolis, IN 46203

Contact for pricing

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

Four-Parcel Multifamily Development Sites

Four-Parcel Multifamily Development Sites

1315 Standish Ave, Indianapolis, IN 46227

Contact for pricing

Four-parcel portfolio zoned D8 (Urban Mixed-Use Residential) for high-density residential development next to the University of Indianapolis.

Based on your search, we've compiled Potential Opportunities for your consideration. Besides 17 Active Listings in Marion County, IN, we suggest to view alternatives - similar 55 Off-Market properties to explore as potential leads.

Off-Market Properties in Marion County, IN

Consider similar Off-Market properties in Marion County, 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

Value Estimation by Request

3,318 sqft 0.24 AC lot

3904 Grand Ave

APARTMENT HOUSE (UNDER 5 UNITS)

3904 Grand Ave, Indianapolis, IN 46226-4472

Value Estimation by Request

3,364 sqft 0.23 AC lot

3901 Grand Ave

APARTMENT HOUSE (UNDER 5 UNITS)

3901 Grand Ave, Indianapolis, IN 46226-4478

Value Estimation by Request

3,471 sqft 0.24 AC lot

8150 Aragon Woods Dr

APARTMENT HOUSE (UNDER 5 UNITS)

8150 Aragon Woods Dr, Indianapolis, IN 46214-1424

Value Estimation by Request

2,304 sqft 4.08 AC lot

2948 Shelby St

APARTMENT HOUSE (UNDER 5 UNITS)

2948 Shelby St, Indianapolis, IN 46203-5248

Value Estimation by Request

2,894 sqft 0.11 AC lot

4510 Southeastern Ave

APARTMENT HOUSE (UNDER 5 UNITS)

4510 Southeastern Ave, Indianapolis, IN 46203-2349

Value Estimation by Request

1,092 sqft 1.01 AC lot

5050 Kentucky Ave

APARTMENT HOUSE (UNDER 5 UNITS)

5050 Kentucky Ave, Indianapolis, IN 46221

Value Estimation by Request

5,214 sqft 0.28 AC lot

Marion County, IN Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Marion County, IN, showcased through 17 active listings on our real estate platform. These investment opportunities span a total of 202,558 square feet of properties for sale, with an estimated market value of $6,588,900.

Sale prices for two-family homes in Marion County, IN start at $250,000, averaging $732,100, and reaching up to $1,300,000 — 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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