Indianapolis, IN Multifamily Properties for Sale

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Beech Grove, IN Speedway, IN Lawrence, IN

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Modern Duplex Near Downtown Indianapolis

$420,000

2,500 SF

Modern Duplex Near Downtown Indianapolis

2030 E Maryland Street, Indianapolis, IN 46201

New construction duplex with tenant income, near downtown Indianapolis.

Built in 2025 and already leased, providing immediate rental income.
Includes a 10‑year structural warranty backed by 2‑10 Home Warranty.
Each unit features 3 bedrooms, 2 full bathrooms, and approximately 1,250 sq. ft. with modern finishes.
Low‑maintenance exterior with durable engineered wood siding, separate entrances, and separate electric meters.
Open‑concept kitchen with white cabinetry, granite countertops, and stainless steel appliances.

Updated: May 11

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Indianapolis Multi-Family Investment Opportunity

$1,550,000

17,028 SF

Indianapolis Multi-Family Investment Opportunity

1635 Central Avenue, Indianapolis, IN 46202

12-unit property near Herron Morton and Old Northside neighborhoods.

Over 6% Cap Rate: High return on investment.
Prime Location: Situated at the intersection of the highly desirable Herron Morton and Old Northside neighborhoods.
12 Units, All Brick Buildings: Low maintenance and durable construction.
Consistent Occupancy: Proven 95% occupancy rate demonstrates stable income.
Individually Metered Units: Residents pay their own electric, reducing owner expenses.

Updated: May 23

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$287,500

6,582 SF

Six-Unit Property Near Garfield Park

Development opportunity in revitalizing Garfield Park neighborhood.

2605 Shelby Street, Indianapolis, IN 46203

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$399,900

0.28 Acres

Meridian-Kessler Duplex For Sale

Two-story duplex in Meridian-Kessler with potential for income generation.

3852 N Pennsylvania Street, Indianapolis, IN 46205

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$440,000

1,250 SF

Modern Duplex Near Downtown Indianapolis

Newer duplex with long-term leases near downtown Indianapolis.

2203 Sheldon Street, Indianapolis, IN 46218

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$375,000

Renovated Duplex in Indianapolis

Fully renovated duplex with modern finishes, ideal for investors.

3617 N Capitol Avenue, Indianapolis, IN 46208

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$357,000

0.16 Acres

Renovated Duplex in Mapleton-Fall Creek

Turnkey investment property near downtown Indianapolis with tenant occupied units.

3626 Birchwood Avenue, Indianapolis, IN 46205

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$799,999

5,760 SF

Indianapolis Multifamily Investment Opportunity

Well-maintained 8-unit property with income and growth potential.

5925-5935 Devington Road, Indianapolis, IN 46226

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$350,000

0.13 Acres

Renovated Duplex in Indianapolis

Fully renovated duplex with modern finishes in a growing neighborhood.

2518 Columbia Avenue, Indianapolis, IN 46205

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$575,000

8,750 SF

Mixed-Use Property in Indianapolis

Mixed-use property with three units, offering income and growth potential.

2305 E Michigan Street, Indianapolis, IN 46201

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$309,000

3,800 SF

Remodeled Duplex in Willard Park

Spacious, remodeled duplex in desirable Indianapolis neighborhood.

270 E Parkview Avenue, Indianapolis, IN 46201

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$479,900

0.13 Acres

New Duplex Near Monon Trail

Newly constructed duplex near downtown Indianapolis with income potential.

2915 Winthrop Avenue, Indianapolis, IN 46205

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$430,000

0.11 Acres

Renovated Duplex Near Ivy Tech

Turnkey duplex in growing market, ideal for investors/owner-occupants.

2421 N Capitol Avenue, Indianapolis, IN 46208

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$929,900

0.12 Acres

Modern Craftsman Duplex in Indianapolis

Dual-residence property with high-end finishes and income potential.

2038 Ruckle Street, Indianapolis, IN 46202

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$929,900

0.14 Acres

Herron-Morton Dual Townhome Investment

Dual townhomes with carriage house in historic Herron-Morton district.

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

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$529,900

3,950 SF

Remodeled Duplex Near Fountain Square

Fully remodeled duplex near Fountain Square, ideal for investors.

1622-1624 Prospect Street, Indianapolis, IN 46203

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Herron-Morton Multifamily Investment Opportunity

$1,555,000

13,524 SF

Herron-Morton Multifamily Investment Opportunity

Landmark six-unit building in Indianapolis' Herron-Morton neighborhood.

2101 N Pennsylvania Street, Indianapolis, IN 46202

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$525,000

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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$375,000

0.38 Acres

New Construction Duplex in Indianapolis

New construction duplex with high-end finishes in Indianapolis.

4456 Caroline Avenue, Indianapolis, IN 46205

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$865,000

5,376 SF

Indianapolis Multi-Family Investment Opportunity

10-unit SRO property with income potential in Indianapolis, IN.

3712 E Washington Street, Indianapolis, IN 46201

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Indianapolis Triplex with Income Potential

$399,900

0.12 Acres

Indianapolis Triplex with Income Potential

Triplex in Garfield Park with income-generating units and value-add potential.

2455 Shelby Street, Indianapolis, IN 46203

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$375,000

972 SF

New Construction Duplex in Indianapolis

Modern duplex with high-end finishes in a vibrant city setting.

4464 Caroline Avenue, Indianapolis, IN 46205

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$485,000

2,200 SF

Modern Duplex with Carriage House

Sophisticated urban duplex with versatile carriage house in Kennedy-King.

2020 Ruckle Street, Indianapolis, IN 46202

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$2,740,000

41,124 SF

Indianapolis Multifamily Investment Opportunity

Professionally managed 37-unit multifamily portfolio in Indianapolis' east side.

5918 Devington Road, Indianapolis, IN 46226

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Indianapolis, IN Multifamily Properties Investment Opportunities Market Analysis

Explore 135 multifamily properties for sale in Indianapolis, IN, showcased through 135 active listings on our real estate platform. These investment opportunities span a total of 166,205 square feet of properties for sale, with an estimated market value of $16,620,299.

Sale prices for multifamily properties in Indianapolis, IN start at $139,000, averaging $664,811, and reaching up to $2,740,000 — 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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Top Commercial Asset Segments

Property Size Breakdown

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

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 median listing prices of real estate assets

Neighborhood	Average Price
46221	$154.9K
46241	$184.5K
46222	$202.5K
46227	$209.9K
46219	$253.1K

Taxes & Financing

Tax Rate (average for all types) 2.46%

Property Tax per SF $41.61 per sq ft

Tax Rate vs County Average 0.02 pp below county avg

Average Loan-to-Value 65.0%

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Indianapolis, IN Multifamily Properties for Sale

Modern Duplex Near Downtown Indianapolis

New construction duplex with tenant income, near downtown Indianapolis.

Indianapolis Multi-Family Investment Opportunity

12-unit property near Herron Morton and Old Northside neighborhoods.

Six-Unit Property Near Garfield Park

Meridian-Kessler Duplex For Sale

Modern Duplex Near Downtown Indianapolis

Renovated Duplex in Indianapolis

Renovated Duplex in Mapleton-Fall Creek

Indianapolis Multifamily Investment Opportunity

Renovated Duplex in Indianapolis

Mixed-Use Property in Indianapolis

Remodeled Duplex in Willard Park

New Duplex Near Monon Trail

Renovated Duplex Near Ivy Tech

Modern Craftsman Duplex in Indianapolis

Herron-Morton Dual Townhome Investment

Remodeled Duplex Near Fountain Square

Herron-Morton Multifamily Investment Opportunity

Indianapolis Multifamily Investment Opportunity

New Construction Duplex in Indianapolis

Indianapolis Multi-Family Investment Opportunity

Indianapolis Triplex with Income Potential

New Construction Duplex in Indianapolis

Modern Duplex with Carriage House

Indianapolis Multifamily Investment Opportunity

Indianapolis, IN Multifamily Properties Investment Opportunities Market Analysis

Top Commercial Asset Segments

Property Size Breakdown

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

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