Residential Income

Indianapolis, IN Residential Income Properties for Sale

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Furnished Two-Unit Duplex
Updated: Oct 4
Furnished Two-Unit Duplex

1524-1526 S East Street, Indianapolis, IN 46225

$520,000
0.12 AC lot
Two furnished townhomes offered together on separate parcels
Each home has 3 bedrooms and 2.5 bathrooms
0.12‑acre lot area
Private fenced yard and detached single‑car garage at each home
Built in 1925; central air and forced‑air natural gas heat
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Two-Unit Duplex with Detached Garages
Updated: Oct 15
Two-Unit Duplex with Detached Garages

9104 W Hamilton Avenue, Indianapolis, IN 46234

$259,999
0.95 AC lot
Two one‑bedroom, one‑bathroom units totaling 2,098 square feet
0.95‑acre parcel with creek frontage and mature trees
Detached two‑car garage plus detached one‑car garage
Office and storage area attached to the larger garage, with its own entry
Unit 9116 is approximately 1,100 square feet; Unit 9110 is approximately 989 square feet
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Three-Unit Residential Property
Three-Unit Residential Property

1859 N Pennsylvania Street, Indianapolis, IN 46202

$599,900
0.11 AC lot

All three residences are leased through spring 2027, with recent mechanical and foundation work completed.

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Scored against comparables nationwide. These are worth a look.

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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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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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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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Craftsman Duplex with Finished Basements
Craftsman Duplex with Finished Basements

539 E 53rd Street, Indianapolis, IN 46220

$675,000
0.20 AC lot

Two spacious units offer finished lower levels, private fenced yards, screened porches, and central air conditioning.

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Twelve-Unit Brick Multifamily Property
Twelve-Unit Brick Multifamily Property

1635 Central Ave, Indianapolis, IN 46202

$1,500,000
17,028 sqft

Three all-brick buildings with 12 leased two-bedroom units, individually metered electric, and coin laundry for residents.

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Two-Home Duplex Property
Two-Home Duplex Property

1365 N High School Road, Indianapolis, IN 46224

$300,000
1.42 AC lot

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

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Duplex with Parkside Setting
Duplex with Parkside Setting

301 E Southern Avenue, Indianapolis, IN 46225

$204,900
0.25 AC lot

Two occupied residences offer established tenancy beside Garfield Park.

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Updated Duplex with Basement Storage
Updated Duplex with Basement Storage

3907 Ruckle St, Indianapolis, IN 46205

$410,000
6,621 sqft

Two three-bedroom units offer updated kitchens and baths, hardwood floors, central HVAC, and separate laundry areas.

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Updated Three-Bedroom Duplex
Updated Three-Bedroom Duplex

2918 Ruckle Street, Indianapolis, IN 46205

$325,000
0.12 AC lot

Each residence offers three bedrooms, 1.5 bathrooms, separate electric metering, and dedicated basement laundry space.

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Duplex with Rear Parking
Duplex with Rear Parking

545 E 38th Street, Indianapolis, IN 46205

$220,000
0.06 AC lot

Two separate apartments offer distinct layouts, with a paved lot at the rear for off-street parking.

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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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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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Duplex Portfolio with Garages
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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Renovated Victorian Duplex
Renovated Victorian Duplex

715-717 E 15th St, Indianapolis, IN 46202

$475,000
4,661 sqft

Two updated units retain original character with heart-pine floors, covered porches, and refreshed kitchens.

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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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Historic Woodruff Place Multifamily Investment
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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Renovated Duplex Portfolio
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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Renovated Side-by-Side Duplex
Renovated Side-by-Side Duplex

813 N Denny St, Indianapolis, IN 46201

$215,000
5,401 sqft

Two separate residences offer updated interiors, private outdoor areas, and independent utility metering.

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Townhome-Style Quadplex
Townhome-Style Quadplex

1623 N Arsenal Avenue, Indianapolis, IN 46218

$800,000
0.13 AC lot

Four residences have individual entrances and a two-bedroom, two-and-a-half-bathroom layout.

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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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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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Indianapolis, IN Residential Income Properties Market Trends and Statistics

Explore 317 residential income properties for sale in Indianapolis, IN, showcased through 317 active listings on our real estate platform. These investment opportunities span a total of 716,812 square feet of properties for sale, with an estimated market value of $107,935,480.

Sale prices for residential investment properties in Indianapolis, IN start at $44,000, averaging $352,730, 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

Multifamily properties 305
Duplexes 232
Quadplexes 31
Apartment buildings 20
Triplexes 13

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 $222.5K
46217 $262.5K
46227 $275.8K

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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