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Renovated Four-Unit Duplex Portfolio
New
For Sale
$262,500

8445 Bluff Rd, Indianapolis, IN 46217

Two duplex properties offer fully occupied residential units plus separate garages suited for storage rental.

Property Size17,729 SF
Price / SF$14.81
Days on Market7

Property Features for 8445 Bluff Rd

General Information

Standard status Active
Size 17,729 SF
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 4

Building Details

Year Built 1976
Buildings 2
Listing Agency: @Properties
Listed By: The James Embry Team · License #6501323797
Source: Jamesembry
Added: Aug 23 Changed: Aug 28 Last Checked: Aug 28 at 3:11PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @Properties

Investment Insights

Based on property information with market context.

This offering includes two duplex properties totaling four residential units, with every unit currently occupied. Three units have received interior updates including flooring, lighting, drywall, and paint. The portfolio also includes four detached garages that can be rented separately for storage.

Major systems have been updated and maintained. A roof and gutters were installed in 2024, while three units received new water heaters between 2023 and 2025. Two units have new HVAC systems, and all electrical panels have been replaced and brought up to code. Both properties use well and septic systems. The properties were built in 1976 and are located at 8445 Bluff Rd in Indianapolis, Indiana.

Key Highlights

  • Four residential units across two duplex properties, all currently rented
  • Four separate garages available for storage rental
  • Three units renovated with new flooring, lighting, drywall, and interior paint

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Hair Salon Building Supply Auto Repair Shop Daycare Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

59
Businesses Nearby

Demographics for 46217, IN

34,725
Population
14,078
Households
2.5
Avg Household Size
35
Median Age
33%
College-Educated
89%
High-School Grad
21.2 sq mi
ZIP Area
1,638
Density / Sq Mi
$88,326
Median Household Income
$46,909
Median Earnings
$1,370
Median Rent
$226,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two duplex properties offer fully occupied residential units plus separate garages suited for storage rental.
Where is this duplex located?
The property is located at 8445 Bluff Rd Indianapolis, IN.
What is the asking price?
The asking price for this property is $262,500.
What are key features of this property?
This property features: Four residential units across two duplex properties, all currently rented; Four separate garages available for storage rental; Three units renovated with new flooring, lighting, drywall, and interior paint
More about this property
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