Indianapolis, IN Quadplexes for Sale

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Updated: Mar 16

Historic Woodruff Place Multifamily Property

640 Woodruff Place Middle Drive, Indianapolis, IN 46201

$525,000

5,140 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.

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This listing looks promising.

Here's a quick look at some key insights for

640 Woodruff Place Middle Drive, Indianapolis, IN 46201

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Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$47K
Annual
Price @ 7% Cap

$674K
Above asking
Property Type

Vacant Commercial
Built 1910

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Updated: Jul 22

Four-Unit Townhome Quadplex

1101 Sterling Street, Indianapolis, IN 46201

$949,000

0.11 AC lot

Four attached townhome units at 1101, 1103, 1105, and 1107 Sterling Street
Each residence includes 3 bedrooms and 1.5 baths
Third‑floor lofts in each townhome
All units currently occupied with management in place
Party wall agreement in place; units can be sold separately

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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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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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Remodeled Quadplex with Updated Interiors

1338 Barth Avenue, Indianapolis, IN 46203

$630,000

0.14 AC lot

Four leased apartments with refreshed kitchens, in-unit laundry, and outdoor areas for select residences.

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Four-Unit Quadplex with Off-Street Parking

2438 E Washington Street, Indianapolis, IN 46201

$359,000

0.15 AC lot

Four one-bedroom units span two levels with on-site laundry and dedicated mechanical space.

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Woodruff Place Multifamily Investment Opportunity

625 Woodruff Place Middle Drive, Indianapolis, IN 46201

$520,000

10,200 sqft

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

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Four-Unit Ranch Quadplex

15 N Riley Avenue, Indianapolis, IN 46201

$225,000

0.37 AC lot

Three residences are occupied, and off-street parking was added in 2025 for rear-unit residents.

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Updated Furnished Quadplex

2407 N Capitol Avenue, Indianapolis, IN 46208

$649,900

0.12 AC lot

Four-unit residential asset with furnished delivery, garage parking, and outdoor gathering space near downtown amenities.

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New-Construction Four-Unit Quadplex

1921 Prospect St, Indianapolis, IN 46203

$700,000

Two-story residences feature private mechanical systems, contemporary finishes, and alley-accessed rear driveway parking.

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Occupied Four-Unit Property

730 N Euclid Avenue, Indianapolis, IN 46201

$174,900

0.13 AC lot

Four studio residences offer an established multifamily configuration with off-street parking and central air conditioning.

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Updated Quadplex with Vacant Unit

1021 N Ewing Street, Indianapolis, IN 46201

$214,900

0.11 AC lot

Three units are occupied, while one refreshed unit is ready for leasing.

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New Construction 4-Unit Quadplex

4225 Washington St, Indianapolis, IN 46201

$635,000

Four-unit residential income property with durable interior finishes and construction underway.

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Quadplex With Separate Utilities

939 N Sherman Drive, Indianapolis, IN 46201

$189,900

0.12 AC lot

Four leased units feature 2021 furnaces, LVP flooring, and month-to-month occupancy.

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Brick Four-Unit Apartment Building

1635 Central Avenue, Indianapolis, IN 46202

$525,000

0.12 AC lot

Four individually metered residences include central air, private heating systems, and basement laundry and storage areas.

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New Construction Quadplex

4223 E Washington St, Indianapolis, IN 46201

$635,000

Income property with rental-oriented finishes and durable interior materials.

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New Construction Townhome-Style Quadplex

2421 Guilford Avenue, Indianapolis, IN 46205

$850,000

0.13 AC lot

Four two-bedroom residences are being developed within an under-construction multifamily property near downtown Indianapolis.

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Updated 4-Unit Quadplex

1721 Cross Dr, Indianapolis, IN 46201

$825,000

Four contiguous units include unfinished basements and may be sold individually.

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Residential Income, Indianapolis, IN

1159 Churchman Avenue, Indianapolis, IN 46203

$200,000

0.61 AC lot

Quadplexes · 0.61 Acres

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4-Unit Townhome Quadplex

1101 Sterling St, Indianapolis, IN 46201

$949,000

Occupied townhome package with management in place and flexibility for separate unit sales.

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Four-Unit Quadplex with Basements

1721 Woodruff Place Cross Drive, Indianapolis, IN 46201

$825,000

0.37 AC lot

Updated four-unit property with two-bedroom layouts, one full bath per unit, and additional unfinished basement space.

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Quadplex with One-Car Garage

2521 E 10th Street, Indianapolis, IN 46201

$229,900

Four residential units feature separate lower- and upper-level layouts, with two lower units currently leased.

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Four-Unit Quadplex with Laundry

2438 E Washington Street, Indianapolis, IN 46201

$359,000

Two-level layout includes air conditioning, off-street parking, and a dedicated basement mechanical room.

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Indianapolis, IN Quadplexes Market Trends and Statistics

Explore 29 quadplexes for sale in Indianapolis, IN, showcased through 29 active listings on our real estate platform. These investment opportunities span a total of 16,026 square feet of properties for sale, with an estimated market value of $12,985,300.

Sale prices for four-unit buildings in Indianapolis, IN start at $159,900, averaging $499,434, and reaching up to $949,000 — 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

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
46218	$170.3K
46201	$437.1K
46202	$525K
46203	$650K
46208	$660K

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.

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Indianapolis, IN Quadplexes for Sale

640 Woodruff Place Middle Drive, Indianapolis, IN 46201

1101 Sterling Street, Indianapolis, IN 46201

2930 N Dearborn Street, Indianapolis, IN 46218

1623 N Arsenal Avenue, Indianapolis, IN 46218

2521 E 10th Street, Indianapolis, IN 46201

1338 Barth Avenue, Indianapolis, IN 46203

2438 E Washington Street, Indianapolis, IN 46201

625 Woodruff Place Middle Drive, Indianapolis, IN 46201

15 N Riley Avenue, Indianapolis, IN 46201

2407 N Capitol Avenue, Indianapolis, IN 46208