Indianapolis, IN Apartment Buildings for Sale

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Well-Maintained Multifamily Investment Opportunity

$850,000

5,760 SF

Well-Maintained Multifamily Investment Opportunity

5925-5935 Devington Road, Indianapolis, IN 46226

8-unit property with long-term tenants and income 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

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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

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$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

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$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

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$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

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Indianapolis Multifamily Redevelopment Opportunity

$275,000

9,424 SF

Indianapolis Multifamily Redevelopment Opportunity

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

1627 N Talbott Street, Indianapolis, IN 46202

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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

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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

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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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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

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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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Based on your search, we've compiled 115 Potential Opportunities for your consideration. Besides 11 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

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$260,000

6,129 SF

Multi-Family Investment Opportunity

Seven-unit residential property in Anderson, Indiana.

1422 Central Avenue, Anderson, IN 46016

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$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

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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

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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.

$195,000

0.26 Acres

Land Near Downtown Indianapolis

Land conveniently located near downtown Indianapolis with nearby amenities.

2102 E 10th St, Indianapolis, IN

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$69,000

0.13 Acres

Downtown Indianapolis Land Opportunity

Residential lots in downtown Indianapolis with development opportunities.

1722 Sheldon Street, Indianapolis, IN 46218

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$69,000

0.13 Acres

Downtown Indianapolis Land Opportunity

Land available in downtown Indianapolis with development opportunities.

1728 Sheldon Street, Indianapolis, IN 46218

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$69,000

0.13 Acres

Downtown Indianapolis Residential Lots

Residential lots in downtown Indianapolis with development opportunities.

1734 Sheldon Street, Indianapolis, IN 46218

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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

APARTMENT HOUSE (UNDER 5 UNITS) • 3,318 SF

Value Estimation by Request

3902 Grand Ave, Indianapolis, IN 46226-4476

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3904 Grand Ave

APARTMENT HOUSE (UNDER 5 UNITS) • 3,364 SF

Value Estimation by Request

3904 Grand Ave, Indianapolis, IN 46226-4472

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3901 Grand Ave

APARTMENT HOUSE (UNDER 5 UNITS) • 3,471 SF

Value Estimation by Request

3901 Grand Ave, Indianapolis, IN 46226-4478

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8150 Aragon Woods Dr

APARTMENT HOUSE (UNDER 5 UNITS) • 2,304 SF

Value Estimation by Request

8150 Aragon Woods Dr, Indianapolis, IN 46214-1424

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2948 Shelby St

APARTMENT HOUSE (UNDER 5 UNITS) • 2,894 SF

Value Estimation by Request

2948 Shelby St, Indianapolis, IN 46203-5248

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4510 Southeastern Ave

APARTMENT HOUSE (UNDER 5 UNITS) • 1,092 SF

Value Estimation by Request

4510 Southeastern Ave, Indianapolis, IN 46203-2349

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5050 Kentucky Ave

APARTMENT HOUSE (UNDER 5 UNITS) • 5,214 SF

Value Estimation by Request

5050 Kentucky Ave, Indianapolis, IN 46221

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4205 10th St

APARTMENT HOUSE (UNDER 5 UNITS) • 3,648 SF

Value Estimation by Request

4205 10th St, Indianapolis, IN 46201-2601

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8820 45th St

APARTMENT HOUSE (UNDER 5 UNITS) • 2,121 SF

Value Estimation by Request

8820 45th St, Indianapolis, IN 46226-4230

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7925 Palawan Dr

APARTMENT HOUSE (UNDER 5 UNITS) • 1,716 SF

Value Estimation by Request

7925 Palawan Dr, Indianapolis, IN 46239-2189

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3903 Grand Ave

APARTMENT HOUSE (UNDER 5 UNITS) • 3,420 SF

Value Estimation by Request

3903 Grand Ave, Indianapolis, IN 46226-4480

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1302 Belmont Ave

APARTMENT HOUSE (UNDER 5 UNITS) • 3,100 SF

Value Estimation by Request

1302 Belmont Ave, Indianapolis, IN 46221-1500

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4616 Michigan St

APARTMENT HOUSE (UNDER 5 UNITS) • 3,800 SF

Value Estimation by Request

4616 Michigan St, Indianapolis, IN 46201-2975

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Indianapolis, IN Apartment Buildings Investment Opportunities Market Analysis

Explore 107 apartment buildings for sale in Indianapolis, IN, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 973,534 square feet of properties for sale, with an estimated market value of $14,019,900.

Sale prices for two-family homes in Indianapolis, IN start at $55,000, averaging $254,907, 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.

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Indianapolis, IN Apartment Buildings for Sale

Well-Maintained Multifamily Investment Opportunity

8-unit property with long-term tenants and income growth potential.

Indianapolis Multi-Family Investment Opportunity

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

Indianapolis Multifamily Investment Opportunity

Indianapolis Multi-Family SRO Property

Indianapolis Multifamily Investment Opportunity

Indianapolis Multifamily Redevelopment Opportunity

Indianapolis Multi-Family Income Property

Historic Woodruff Place Multifamily Investment

Historic Woodruff Place Multifamily Investment

20-Unit Portfolio Near UIndy Campus

Income Generating Multifamily Property

Explore Opportunities in Nearby Cities

Shelbyville Investment Property: Five Units

Multi-Family Investment Opportunity

Fully Occupied Apartment Building

Shelbyville Quadruplex Investment Opportunity

Potential Development Sites for Consideration

Land Near Downtown Indianapolis

Downtown Indianapolis Land Opportunity

Downtown Indianapolis Land Opportunity

Downtown Indianapolis Residential Lots

Explore Off-Market Properties in Indianapolis, IN

3902 Grand Ave

3904 Grand Ave

3901 Grand Ave

8150 Aragon Woods Dr

2948 Shelby St

4510 Southeastern Ave

5050 Kentucky Ave

4205 10th St

8820 45th St

7925 Palawan Dr

3903 Grand Ave

1302 Belmont Ave

4616 Michigan St

Indianapolis, IN Apartment Buildings Investment Opportunities Market Analysis

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