640 Woodruff Place Middle Dr Indianapolis, IN 46201

Building Details

Year Built

1910

Listing office Talk to Tucker Realtors s***@talktotucker.com Show Phone

Listing date Mar 18, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

This four-unit multifamily property is located in the historic Woodruff Place neighborhood. The property is being offered for sale individually or as part of a portfolio opportunity that includes four additional nearby buildings. All units are currently leased, providing income. Recent improvements include a new sewer, remodeled bathrooms in three of the four units, remodeled kitchens in two units, and a new AC unit in one unit. The roof was replaced in 2021. The property is located minutes from downtown Indianapolis, benefiting from the neighborhood's walkability and rental demand. The property size is 4377 square feet.

Key Highlights

• Immediate income and stable cash flow from 100% leased units.
• Rare opportunity to acquire property in the desirable historic Woodruff Place neighborhood.
• Potential to purchase as part of a portfolio with four additional nearby buildings.

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FAQs

What type of property is this?

Quadplex - Four-unit property in historic Woodruff Place, Indianapolis. Leased and updated.

Where is this quadplex located?

The property is located at 640 Woodruff Place Middle Dr Indianapolis, IN.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: Immediate income and stable cash flow from 100% leased units.; Rare opportunity to acquire property in the desirable historic Woodruff Place neighborhood.; Potential to purchase as part of a portfolio with four additional nearby buildings.