Marion County, IN Multifamily Properties for Sale

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Updated: Mar 16

Historic Woodruff Place Multifamily Investment

609 Woodruff Place Middle Drive, Indianapolis, IN 46201

$775,000

5,150 sqft

Immediate income and stable cash flow from 9 currently leased units.
Rare opportunity to invest in Indianapolis' desirable historic Woodruff Place.
Potential to acquire as part of a larger portfolio with four additional nearby buildings.
Recent improvements including new sewer, boiler, and water heater.**
Mix of updated units and value‑add potential.

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This listing looks promising.

Here's a quick look at some key insights for

609 Woodruff Place Middle Drive, Indianapolis, IN 46201

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Est. Cap Rate

6.1%
Above avg (5.9%)
Est. NOI

$47K
Annual
Price @ 7% Cap

$675K
Suggested
Property Type

Multi-Family Dwellings
Built 1910

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Updated: Aug 28

Craftsman Duplex with Finished Basements

539 E 53rd Street, Indianapolis, IN 46220

$675,000

0.20 AC lot

Approximately 4040 finished square feet across two residential units
One unit has 5 bedrooms and 2.5 bathrooms; the other has 4 bedrooms and 2 bathrooms
Two finished basements, each with a bedroom, egress window, full bathroom, and bonus room
1924 Craftsman duplex on an 8590 sq ft corner lot
26 years of continuous rental history

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Brick Duplex with In-Ground Pool

6209 Riverview Drive, Indianapolis, IN 46260

$799,000

0.57 AC lot

Income-producing duplex with finished basements, extensive parking, detached garage, and outdoor amenities.

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Historic Brick Triplex

1704 N Pennsylvania Street, Indianapolis, IN 46202

$1,395,000

0.11 AC lot

Three-unit apartment property with brick and stucco construction, natural-gas heating, and window-unit cooling.

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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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Four-Unit Townhome Quadplex

1101 Sterling Street, Indianapolis, IN 46201

$949,000

0.11 AC lot

Occupied attached residences offer third-floor lofts, established management, and flexibility for separate unit sales.

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Renovated Four-Unit Quadplex

2930 N Dearborn Street, Indianapolis, IN 46218

$250,000

0.12 AC lot

Renovated efficiency apartments feature modern finishes, updated plumbing, and professionally managed operations.

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Quadplex Under Construction

1623 N Arsenal Avenue, Indianapolis, IN 46218

$800,000

0.13 AC lot

This multifamily property carries a 2026 year-built designation.

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Duplex with Covered Parking

1144-1146 Churchman Ave, Indianapolis, IN 46203

$420,000

4,792 sqft

Each residence combines three bedrooms, one-and-a-half baths, period character, and private storage for practical everyday use.

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Triplex with Separate Living Quarter

8724 Shelby Street, Indianapolis, IN 46227

$285,000

1.42 AC lot

Three residential units offer varied layouts, dedicated entrances, and a separate additional living space.

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Four-Unit Property with Garage

2521 E 10th Street, Indianapolis, IN 46201

$229,900

0.14 AC lot

Upper and lower residences provide distinct living, kitchen, and bath areas within the building.

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Updated Side-by-Side Duplex

23 S Harris Ave, Indianapolis, IN 46222

$209,900

4,835 sqft

Two separately metered units offer updated interiors, central heating and air, and flexible month-to-month occupancy.

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Rented Duplex Portfolio with Garages

8445 Bluff Road, Indianapolis, IN 46217

$262,500

0.41 AC lot

Well-maintained residential income property with leased units, storage garages, and recent system upgrades.

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Side-by-Side Ranch Duplex

3140 Asbury Street, Indianapolis, IN 46237

$179,000

0.30 AC lot

Two mirrored residences offer separate driveways, private outdoor areas, and distinct storage features.

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Updated Two-Unit Duplex

45 S Belleview Place, Indianapolis, IN 46222

$239,999

5,445 sqft

Remodeled units include finished basement space, laundry hookups, and private rear parking.

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Two-Story Duplex

1730-1732 Union Street, Indianapolis, IN 46225

$325,000

0.13 AC lot

Two residential units offer three bedrooms apiece, with separate levels and convenient access to downtown Indianapolis amenities.

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Updated Side-by-Side Duplex

23 S Harris Avenue, Indianapolis, IN 46222

$214,900

0.11 AC lot

Two separately metered units feature refreshed kitchens, central heating and air, and flexible three-bedroom layouts.

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Duplex with Newer Siding

5202 Burgess Ave, Indianapolis, IN 46219

$108,000

4,661 sqft

Income-producing duplex with long-term tenants and newer water lines and siding.

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Renovated Duplex Portfolio

8465 Bluff Road, Indianapolis, IN 46217

$262,500

0.41 AC lot

Two well-maintained ranch duplexes with occupied units, detached garages, and recent system upgrades.

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Duplex with Covered Porch

22 N Tremont St, Indianapolis, IN 46222

$189,000

4,008 sqft

Two-unit property with basement storage, laundry space, central air, and a detached storage shed.

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Renovated Duplex

251 S Dearborn Street, Indianapolis, IN 46201

$134,900

0.10 AC lot

Updated kitchen and bathroom finishes support a refreshed residential income property.

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Fully Occupied Duplex

7618 Southfield Drive, Indianapolis, IN 46227

$330,000

0.31 AC lot

Brick property with renovated three-bedroom, one-bath units and a newer roof.

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Renovated Four-Unit Duplex Portfolio

8445 Bluff Rd, Indianapolis, IN 46217

$262,500

17,729 sqft

Two duplex properties offer fully occupied residential units plus separate garages suited for storage rental.

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Updated Duplex With Private Yard

1944 E Epler Avenue, Indianapolis, IN 46227

$234,000

0.43 AC lot

One unit is occupied, while the second is available for immediate occupancy.

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Marion County, IN Multifamily Properties Market Trends and Statistics

Explore 266 multifamily properties for sale in Marion County, IN, showcased through 266 active listings on our real estate platform. These investment opportunities span a total of 865,313 square feet of properties for sale, with an estimated market value of $78,350,673.

Sale prices for multifamily properties in Marion County, IN start at $30,000, averaging $351,348, and reaching up to $1,555,000 — 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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Marion County, IN Multifamily Properties for Sale

609 Woodruff Place Middle Drive, Indianapolis, IN 46201

539 E 53rd Street, Indianapolis, IN 46220

6209 Riverview Drive, Indianapolis, IN 46260

1704 N Pennsylvania Street, Indianapolis, IN 46202

5819 E Washington St, Indianapolis, IN 46219

1101 Sterling Street, Indianapolis, IN 46201

2930 N Dearborn Street, Indianapolis, IN 46218

1623 N Arsenal Avenue, Indianapolis, IN 46218

1144-1146 Churchman Ave, Indianapolis, IN 46203

8724 Shelby Street, Indianapolis, IN 46227

2521 E 10th Street, Indianapolis, IN 46201