Indianapolis, IN Residential Income Properties for Sale

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275 properties

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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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Updated: Aug 12

Brick Duplex with In-Ground Pool

6209 Riverview Drive, Indianapolis, IN 46260

$799,000

0.57 AC lot

Two residential units with four bedrooms and 2.5 bathrooms per side
Approximately 5,470 finished square feet on a 0.57‑acre property
30,000 gallon in‑ground Gunite pool with custom‑fitted cover
Three fully finished basement bedrooms and two full bathrooms
2026 roof, 6" gutter, and Hardi Board siding improvements

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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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See what stands out in Marion County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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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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Two-Home Duplex Property

1365 N High School Road, Indianapolis, IN 46224

$339,000

1.42 AC lot

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

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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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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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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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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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Three-Unit Property with Pond

8724 Shelby Street, Indianapolis, IN 46227

$285,000

1.42 AC lot

Triplex configuration includes a primary residence and two separately accessed living quarters on a fenced parcel.

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Duplex Portfolio with Garages

8445 Bluff Road, Indianapolis, IN 46217

$262,500

0.41 AC lot

Brick ranch duplexes provide occupied residential space plus separate garages suited for storage rentals.

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Two-Home Multifamily Property

1365 N High School Rd, Indianapolis, IN 46224

$339,000

62,029 sqft 1.40 AC lot

Two houses offer separate living spaces, updated interiors, and flexible owner-occupant or rental use near Speedway.

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Occupied Duplex Near Butler

425-427 W 39th Street, Indianapolis, IN 46208

$150,000

0.14 AC lot

Fully occupied duplex with a basement, three bedrooms, and two bathrooms on a residential lot.

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Renovated Duplex Portfolio

8465 Bluff Road, Indianapolis, IN 46217

$262,500

0.41 AC lot

Two well-maintained duplex properties offer fully occupied units and additional garage storage income potential.

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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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Updated Side-by-Side Duplex

23 S Harris Avenue, Indianapolis, IN 46222

$209,900

0.11 AC lot

Each residence includes updated kitchens, durable flooring, and central heating and air.

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Updated Duplex

3946 N College Ave, Indianapolis, IN 46205

$450,000

6,055 sqft

Tenant-occupied two-unit property with refreshed finishes and functional residential layouts.

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Two-Unit Duplex

1730-1732 Union Street, Indianapolis, IN 46225

$325,000

0.13 AC lot

Main-level and upstairs residences each offer three bedrooms and generous living space.

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Three-Bedroom Duplex with Updated Finishes

253 N Gray St, Indianapolis, IN 46201

$259,900

2,265 sqft

Both units are vacant and feature updated interior finishes.

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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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Historic Woodruff Place Multifamily Investment

609 Woodruff Place Middle Drive, Indianapolis, IN 46201

$775,000

5,150 sqft

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

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Rezoning-Ready Residential Land Parcel

5616 Victory Drive, Indianapolis, IN 46203

$1,200,000

2.50 AC lot

2.5-acre parcel currently zoned residential, with potential for commercial rezoning on the street.

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Indianapolis, IN Residential Income Properties Market Trends and Statistics

Explore 275 residential income properties for sale in Indianapolis, IN, showcased through 275 active listings on our real estate platform. These investment opportunities span a total of 926,868 square feet of properties for sale, with an estimated market value of $87,235,962.

Sale prices for residential income properties in Indianapolis, IN start at $30,000, averaging $372,803, 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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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
46221	$170.8K
46237	$194.5K
46219	$227K
46227	$228.5K
46208	$247.6K

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 Residential Income Properties for Sale

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

1365 N High School Road, Indianapolis, IN 46224

2930 N Dearborn Street, Indianapolis, IN 46218

1144-1146 Churchman Ave, Indianapolis, IN 46203

1623 N Arsenal Avenue, Indianapolis, IN 46218

2521 E 10th Street, Indianapolis, IN 46201