Hamilton County, IN Multifamily Properties for Sale

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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.

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Here's a quick look at some key insights for

725 Woodruff Place Middle Drive, Indianapolis, IN 46201

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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

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Updated: Jul 22

Four-Unit Townhome Package

1101 Sterling Street, Indianapolis, IN 46201

$1,000,000

0.11 AC lot

4‑townhome package built in 1910 with a party wall agreement in place
Each unit offers 3 bedrooms and 1.5 bathrooms
3rd‑floor loft included in the layout
Addresses included: 1101, 1103, 1105, and 1107 Sterling Street
All units are currently occupied with management in place

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All-Brick Fourplex with 2BR Units

1635 Central Avenue, Indianapolis, IN 46202

$525,000

0.12 AC lot

One of three all-brick four-unit buildings with spacious two-bedroom layouts, individual electric metering, and on-site coin laundry.

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Two-Unit Duplex Income Property

6525 Doris Drive, Indianapolis, IN 46214

$285,000

0.22 AC lot

Duplex offers two 2-bed, 1-bath units, each with a 1-car garage, recently refreshed with 2025–2026 updates.

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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.

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Side-by-Side Duplex

23 S Harris Avenue, Indianapolis, IN 46222

$214,900

0.11 AC lot

Two side-by-side duplex units at 23-25 S Harris Ave, each with separate utilities and month-to-month terms.

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Brick Duplex with Detached Garage

1903 Patton Drive, Indianapolis, IN 46224

$300,000

0.28 AC lot

Full brick duplex with gutter guards, plus a detached two-car garage with separate spaces and doors for each unit.

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Tenant-Occupied Quadplex Investment

15 N Riley Avenue, Indianapolis, IN 46201

$240,000

0.37 AC lot

Ranch-style quadplex with all units currently occupied and a recent full rehab to unit four.

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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.

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Renovated Triplex-Style Income Property

2018 Prospect Street, Indianapolis, IN 46203

$475,000

0.09 AC lot

Fully renovated income property with two 2-bedroom units plus a separate-entry studio suite for flexible living or leasing.

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Turnkey Duplex with Private Yard

1944 E Epler Avenue, Indianapolis, IN 46227

$240,000

0.43 AC lot

Duplex with one side occupied and one side move-in ready, plus private yard and covered deck.

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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.

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Duplex with Covered Porches

833-835 Camp Street, Indianapolis, IN 46202

$410,000

0.09 AC lot

Duplex offering two 2-bedroom units with covered porches, partially fenced yard space, and four alley-accessible off-street parking spots.

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Duplex with Two 3BR Units

842-844 N California Street, Indianapolis, IN 46202

$480,000

0.09 AC lot

Well-maintained duplex with two units, each offering 3 bedrooms and 2.5 bathrooms.

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Updated Quadplex with Furnished Units

2407 N Capitol Avenue, Indianapolis, IN 46208

$659,999

0.12 AC lot

Four updated furnished units in a quadplex setup, including 1- and 2-bedroom layouts with garage parking.

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Craftsman Duplex with Shared Laundry

3555-3557 Evergreen Avenue, Indianapolis, IN 46205

$239,900

0.17 AC lot

Duplex with five bedrooms, updated interiors, a 2022 roof, radon system, vapor-barrier crawl space, and shared laundry.

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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.

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New All-Brick Duplex with Two Garages

752 N Elder Avenue, Indianapolis, IN 46222

$449,999

0.10 AC lot

Tenant-ready duplex with two 2-bed, 2-bath units and dedicated garage bays.

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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.

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Turnkey Side-by-Side Duplex

2610 E North Street, Indianapolis, IN 46201

$265,000

0.08 AC lot

Two occupied units with separate utilities, central heat/AC, and updated interiors, plus fenced outdoor space and alley parking.

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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.

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Brick Tudor Duplex with Screen Porches

36 W 56th Street, Indianapolis, IN 46208

$725,000

0.30 AC lot

Tudor duplex with two mirror-image units, private screen porches, and detached two-car garage space for each unit.

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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.

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Remodeled Quadplex

1338 Barth Avenue, Indianapolis, IN 46203

$650,000

0.14 AC lot

Updated quadplex with two 2-bedroom/2-bath and two 1-bedroom/1-bath units, three currently leased.

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Hamilton County, IN Multifamily Properties Market Trends and Statistics

Explore 152 multifamily properties for sale in Hamilton County, IN, showcased through 152 active listings on our real estate platform. These investment opportunities span a total of 256,758 square feet of properties for sale, with an estimated market value of $42,888,577.

Sale prices for multifamily properties in Hamilton County, IN start at $50,000, averaging $337,705, 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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