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    Indianapolis, IN Multifamily Properties for Sale

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    Triplex with Carriage House
    Updated: Oct 7
    Triplex with Carriage House

    1859 N Pennsylvania Street, Indianapolis, IN 46202

    $629,900
    0.11 AC lot
    Three residences are leased through spring 2027
    Upper unit: approximately 1,730 SF, 3 bedrooms and 1 bathroom
    Lower unit: approximately 1,450 SF, 2 bedrooms and 1 bathroom
    Separate carriage house: approximately 1,100 SF, 3 bedrooms and 1.5 bathrooms
    High‑efficiency HVAC systems and water heaters added to both duplex units in 2026
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    Craftsman Duplex with Finished Basements
    Updated: Aug 28
    Craftsman Duplex with Finished Basements

    539 E 53rd Street, Indianapolis, IN 46220

    $675,000
    0.20 AC lot
    Approximately 4,040 finished square feet on a 8,590 sq ft corner lot
    Two units: one with 5 bedrooms and 2.5 bathrooms; one with 4 bedrooms and 2 bathrooms
    26 years of continuous rental history
    Finished basements with bedroom, egress window, full bathroom, and bonus room in each unit
    Hardwood floors, wood‑burning fireplaces, screened porches, and fenced yards
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    All-Brick Duplex with Pool
    All-Brick Duplex with Pool

    6209 Riverview Drive, Indianapolis, IN 46260

    $775,000
    0.57 AC lot

    Two residential units with finished basements, extensive parking, and a detached garage.

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    Scored against comparables nationwide. These are worth a look.

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    7-Unit Apartment Building
    7-Unit Apartment Building

    7020 - 7032 Twin Oaks Dr, Indianapolis, IN 46226

    $350,000
    6,794 sqft

    Gutted multifamily property with renewed roofing and flexible parking-area potential near mass transit.

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    Furnished Two-Unit Duplex
    Furnished Two-Unit Duplex

    1524-1526 S East Street, Indianapolis, IN 46225

    $520,000
    0.12 AC lot

    Each residence has a fenced yard, detached garage, and updated kitchen and baths.

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    4-Unit Historic Quadplex
    4-Unit Historic Quadplex

    56 S Irvington Avenue, Indianapolis, IN 46219

    $425,000
    0.33 AC lot

    Two apartments are leased through March 2027, while the other two are vacant.

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    Apartment Building Under Renovation
    Apartment Building Under Renovation

    7020 - 7032 Twin Oaks Drive, Indianapolis, IN 46226

    $350,000
    0.60 AC lot

    Brick multifamily property with seven existing units and a large parking area suitable for additional site uses.

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    Renovated Side-by-Side Duplex
    Renovated Side-by-Side Duplex

    813 N Denny St, Indianapolis, IN 46201

    $229,000
    5,401 sqft

    Fully vacant two-unit property with separate utilities, private outdoor areas, and unfinished basements with laundry hookups.

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    Renovated 3-Unit Triplex
    Renovated 3-Unit Triplex

    2726 S Lyons Avenue, Indianapolis, IN 46241

    $300,000
    0.24 AC lot

    Three separate residences provide a range of living arrangements, including an additional unit with dedicated laundry.

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    Duplex with Finished Attic
    Duplex with Finished Attic

    1521 S East Street, Indianapolis, IN 46225

    $620,000
    0.12 AC lot

    The second residence includes a loft, while the upper unit has additional finished attic space.

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    Updated American Foursquare Duplex
    Updated American Foursquare Duplex

    2724 Indianapolis Ave, Indianapolis, IN 46208

    $485,000
    6,752 sqft

    Updated interiors combine original Foursquare character with stainless appliances, stone counters, and dedicated laundry space.

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    Occupied Duplex with Full Basement
    Occupied Duplex with Full Basement

    4601 E 19th Street, Indianapolis, IN 46218

    $129,900
    0.14 AC lot

    Both units are occupied, with tenant-paid gas and electric and owner-provided water, sewer, stoves, and refrigerators.

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    Duplex with Separate Garage Bays
    Duplex with Separate Garage Bays

    5230 Broadway Street, Indianapolis, IN 46220

    $490,000
    0.24 AC lot

    Each residence has a private fenced yard, covered porch, and in-unit laundry.

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    Two-Story Duplex with Detached Garage
    Two-Story Duplex with Detached Garage

    3025 E Michigan St, Indianapolis, IN 46201

    $185,000
    5,184 sqft

    Two residential units feature spacious layouts, oversized bedrooms, and built-in dining-room shelving.

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    Renovated Side-by-Side Duplex
    Renovated Side-by-Side Duplex

    2223 Prospect Street, Indianapolis, IN 46203

    $299,000
    0.12 AC lot

    One residence is leased through October 31, 2027, while the second is vacant and ready for occupancy or leasing.

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    Victorian Quadplex
    Victorian Quadplex

    520 E New York, Indianapolis, IN 46202

    $750,000
    0.10 AC lot

    Four distinct apartments include an open-concept attic loft and three units across the main and upper floors.

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    Renovated Duplex with Two Units
    Renovated Duplex with Two Units

    601 N Oxford St, Indianapolis, IN 46201

    $249,900
    5,445 sqft

    Two leased residential units offer separate entrances, updated kitchens, basement storage, and off-street parking.

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    Quadplex with Townhome Layouts
    Quadplex with Townhome Layouts

    1623 N Arsenal Avenue, Indianapolis, IN 46218

    $800,000
    0.13 AC lot

    Each residence has a private entrance and a two-bedroom, two-and-a-half-bath layout.

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    Highly Visible Corner Mixed-Use Building
    Highly Visible Corner Mixed-Use Building

    1701 Prospect St, Indianapolis, IN 46203

    $729,000
    5,368 sqft

    Corner mixed-use property with two leased commercial spaces and three upstairs apartments, plus secure rear parking and updated mechanicals.

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    Side-by-Side Duplex with Basements
    Side-by-Side Duplex with Basements

    813 N Denny Street, Indianapolis, IN 46201

    $215,000
    0.12 AC lot

    The two residences have separate utility meters and one- and two-bedroom layouts.

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    Renovated Foursquare Duplex
    Renovated Foursquare Duplex

    333 S State St, Indianapolis, IN 46201

    $439,900
    4,443 sqft

    Private yard, rear parking, and a welcoming porch complement short-term and corporate travel use.

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    Historic 3-Unit Triplex
    Historic 3-Unit Triplex

    1704 N Pennsylvania Street, Indianapolis, IN 46202

    $1,395,000
    0.11 AC lot

    Built in 1913, the Indianapolis property combines brick and stucco construction with three apartments.

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    Duplex With Adjacent Lot
    Duplex With Adjacent Lot

    202 N Addison, Indianapolis, IN 46222

    $220,000
    5,227 sqft

    Two-unit property with a detached garage, loft space, and additional land included in the sale.

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    Two-Home Duplex Property
    Two-Home Duplex Property

    1365 N High School Road, Indianapolis, IN 46224

    $305,000
    1.42 AC lot

    Two separate residences support an owner-occupancy and rental arrangement on a 1.42-acre parcel.

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    Indianapolis, IN Multifamily Properties Market Trends and Statistics

    Explore 291 multifamily properties for sale in Indianapolis, IN, showcased through 291 active listings on our real estate platform. These investment opportunities span a total of 662,156 square feet of properties for sale, with an estimated market value of $98,743,914.

    Sale prices for multifamily properties in Indianapolis, IN start at $44,000, averaging $350,155, 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

    Commercial property segments ranked by active listings on the market

    Duplexes 223
    Quadplexes 27
    Apartment buildings 20
    Triplexes 14
    Short term rental properties 9

    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
    46221 $148.5K
    46237 $179K
    46219 $229.9K
    46217 $262.5K
    46208 $276.9K

    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.

    How Realmo verifies these figures

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    Browse Multifamily properties for Sale Near Indianapolis, IN

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    Most Searched ZIP Codes in Indianapolis, IN

    • 46201
    • 46208
    • 46205
    • 46203
    • 46202
    • 46219
    • 46218
    • 46225
    • 46222
    • 46227
    • 46226
    • 46217

    Featured Indianapolis Real Estate Agencies

    Realmo connects you with licensed Indianapolis CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Ron Cheeks Real Estate Group
    5397 E 38th St Indianapolis, IN 46218
    Phone: 13175427653
    www.speaktocheeks.com
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