Indianapolis, IN Multifamily Properties for Sale

List

Map

Beech Grove, IN Lawrence, IN Brownsburg, IN Carmel, IN Fishers, IN Greenfield, IN Avon, IN Greenwood, IN

128 properties

Sort:

Updated: Mar 18

Historic Woodruff Place Multifamily Property

640 Woodruff Place Middle Dr, Indianapolis, IN 46201

$525,000

4,377 sqft

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.
Recent improvements including new sewer, roof (2021), remodeled bathrooms in 3 units, remodeled kitchens in 2 units, and new AC in Unit 3.
Value‑add potential for increased returns.

View details

This listing looks promising.

Here's a quick look at some key insights for

640 Woodruff Place Middle Dr, Indianapolis, IN 46201

View Property Analytics

Est. Cap Rate

8.8%
Above avg (5.9%)
Est. NOI

$46K
Annual
Price @ 7% Cap

$660K
Above asking
Property Type

Vacant Commercial
Built 1910

View Property Analytics

Updated: Jun 1

All-Brick Fourplex with 2BR Units

1635 Central Avenue, Indianapolis, IN 46202

$525,000

0.12 AC lot

1930 brick apartment building with central air and forced‑air electric heat
4‑unit building; each unit has 2 bedrooms and 1 bathroom with lots of natural light
Current rents are $895–$995 per month, with all leases renewing at $995
Individually metered electric; residents pay their own electric (no gas)
Coin‑operated laundry and additional basement storage; water heaters are in basements

View details

Ranch-Style Quadplex Investment

15 N Riley Avenue, Indianapolis, IN 46201

$250,000

0.37 AC lot

Tenant-occupied quadplex with recent unit improvements and added off-street parking for back units.

View details

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.

View details

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

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.

View details

Modern Duplex with Separate Utilities

2030 E Maryland Street, Indianapolis, IN 46201

$400,000

0.28 AC lot

Newly built, already-leased duplex with two 3-bedroom units and separate entrances, meters, and off-street rear parking.

View details

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.

View details

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.

View details

Woodruff Place Multifamily Investment Opportunity

625 Woodruff Place Middle Dr, Indianapolis, IN 46201

$520,000

5,380 sqft

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

View details

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.

View details

Side-by-Side Ranch Duplex

3140 Asbury Street, Indianapolis, IN 46237

$179,000

0.30 AC lot

Two mirror-image 2-bedroom units with private driveways on a low-maintenance residential property.

View details

Historic Woodruff Place Multifamily Investment

609 Woodruff Place Middle Dr, Indianapolis, IN 46201

$775,000

5,150 sqft

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

View details

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.

View details

Modern Craftsman Multi-Unit Residence

2038 Ruckle Street, Indianapolis, IN 46202

$929,900

0.12 AC lot

Dual 3-level townhomes plus a detached, 1-bedroom carriage house near parks and downtown amenities.

View details

Historic Woodruff Place Multifamily Investment

624 Woodruff Place Middle Dr, Indianapolis, IN 46201

$1,000,000

7,150 sqft

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

View details

Ready-to-Move Duplex with Yard

1944 E Epler Avenue, Indianapolis, IN 46227

$240,000

0.43 AC lot

Ready-to-move-in duplex includes a private yard, covered deck, porch, and basement.

View details

Dual Townhomes with Carriage House

1633-1635 N New Jersey Street, Indianapolis, IN 46202

$838,900

0.14 AC lot

Updated 2BR/2BA townhomes with fenced backyards, plus a detached 3-car garage and 1BR/1BA carriage house.

View details

Mixed-Use Investment Building

536 E MARKET ST, Indianapolis, IN 46202

$3,900,000

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.

View details

Duplex With Dedicated Off-Street Parking

3701 N Capitol Avenue, Indianapolis, IN 46208

$179,900

0.10 AC lot

Turn-key duplex with one unit producing rent and a refreshed, vacant unit with recent bathroom and mechanical updates.

View details

New Construction Duplex

526 N Elder Avenue, Indianapolis, IN 46222

$449,999

0.10 AC lot

Well-appointed duplex with private entrances, dedicated parking, and in-unit laundry for straightforward residential income use.

View details

Historic Woodruff Place Multifamily Investment

725 Woodruff Place Middle Drive, Indianapolis, IN 46201

$750,000

7,162 sqft

Seven-unit property in historic Woodruff Place, Indianapolis. Leased and renovated.

View details

Three-Unit Triplex in Like-New Condition

2305 E Michigan Street, Indianapolis, IN 46201

$575,000

0.09 AC lot

Triplex with modern finishes, dedicated storage, two occupied units, and one vacant unit ready for a new tenant.

View details

Twelve-Unit Brick Multifamily Property

1635 Central Ave, Indianapolis, IN 46202

$1,500,000

17,028 sqft

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

View details

Two-Unit Duplex with Back Patios

3852 N Pennsylvania Street, Indianapolis, IN 46205

$380,000

0.28 AC lot

Two-story duplex offers two 2BR/1.5BA units with basements, patios, and possession for sale.

View details

Indianapolis, IN Multifamily Properties Market Trends and Statistics

Explore 128 multifamily properties for sale in Indianapolis, IN, showcased through 128 active listings on our real estate platform. These investment opportunities span a total of 77,199 square feet of properties for sale, with an estimated market value of $9,920,000.

Sale prices for multifamily properties in Indianapolis, IN start at $520,000, averaging $1,240,000, and reaching up to $3,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

List

Map

Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 979K

Population Growth (5Y) +2.8%

Median Household Income $67,417

College Educated 30.4%

High-Yield Neighborhoods for Investment

Identify Indianapolis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
46237	$179K
46227	$209.9K
46222	$266K
46218	$282.2K
46203	$286.3K

Taxes & Financing

Tax Rate (average for all types) 2.46%

Property Tax per SF $41.61 per SF

Tax Rate vs County Average 0.02 pp below county avg

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Indianapolis fall within the 100,000+ square foot range.

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings

Indianapolis, IN Multifamily Properties for Sale

640 Woodruff Place Middle Dr, Indianapolis, IN 46201

1635 Central Avenue, Indianapolis, IN 46202

15 N Riley Avenue, Indianapolis, IN 46201

2018 Prospect Street, Indianapolis, IN 46203

5819 E Washington St, Indianapolis, IN 46219

2030 E Maryland Street, Indianapolis, IN 46201

833-835 Camp Street, Indianapolis, IN 46202

2407 N Capitol Avenue, Indianapolis, IN 46208

625 Woodruff Place Middle Dr, Indianapolis, IN 46201

2610 E North Street, Indianapolis, IN 46201

3140 Asbury Street, Indianapolis, IN 46237

609 Woodruff Place Middle Dr, Indianapolis, IN 46201

752 N Elder Avenue, Indianapolis, IN 46222

2038 Ruckle Street, Indianapolis, IN 46202

624 Woodruff Place Middle Dr, Indianapolis, IN 46201

1944 E Epler Avenue, Indianapolis, IN 46227

1633-1635 N New Jersey Street, Indianapolis, IN 46202