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    Historic Woodruff Place Multifamily Investment
    Updated: Dec 16, 2025
    Historic Woodruff Place Multifamily Investment

    725 Woodruff Place Middle Drive, Indianapolis, IN 46201

    $750,000
    7,162 sqft
    Immediate income and stable cash flow from 7 currently leased units.
    Rare opportunity to invest in Indianapolis' desirable historic Woodruff Place.
    Value‑add potential with recent improvements: new sewer, new roof, 3 renovated units, remodeled bathroom, new water heater.
    Opportunity to purchase individually or as part of a larger portfolio of 4 additional nearby buildings.
    Prime location minutes from downtown Indianapolis with strong rental demand.
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    This listing looks promising.

    Here's a quick look at some key insights for

    725 Woodruff Place Middle Drive, Indianapolis, IN 46201

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $66K
      Annual

    • Price @ 7% Cap

      $939K
      Above asking

    • Property Type

      Row House
      Built 1910
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    Four-Unit Townhome Package
    Updated: Jul 22
    Four-Unit Townhome Package

    1101 Sterling Street, Indianapolis, IN 46201

    $1,000,000
    0.11 AC lot
    4‑townhome package built in 1910 with a party wall agreement in place
    Each unit offers 3 bedrooms and 1.5 bathrooms
    3rd‑floor loft included in the layout
    Addresses included: 1101, 1103, 1105, and 1107 Sterling Street
    All units are currently occupied with management in place
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    All-Brick Fourplex with 2BR Units
    All-Brick Fourplex with 2BR Units

    1635 Central Avenue, Indianapolis, IN 46202

    $525,000
    0.12 AC lot

    One of three all-brick four-unit buildings with spacious two-bedroom layouts, individual electric metering, and on-site coin laundry.

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    Duplex with Covered Deck
    Duplex with Covered Deck

    1944 E Epler Avenue, Indianapolis, IN 46227

    $240,000
    0.43 AC lot

    Ready-to-move-in duplex with private yard, covered deck, basement, and major system upgrades to siding, windows, and electrical.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Pre-War Brick Multifamily Building
    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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    Side-by-Side Duplex
    Side-by-Side Duplex

    23 S Harris Avenue, Indianapolis, IN 46222

    $214,900
    0.11 AC lot

    Two side-by-side duplex units at 23-25 S Harris Ave, each with separate utilities and month-to-month terms.

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    Tenant-Occupied Quadplex Investment
    Tenant-Occupied Quadplex Investment

    15 N Riley Avenue, Indianapolis, IN 46201

    $240,000
    0.37 AC lot

    Ranch-style quadplex with all units currently occupied and a recent full rehab to unit four.

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    Renovated Triplex-Style Income Property
    Renovated Triplex-Style Income Property

    2018 Prospect Street, Indianapolis, IN 46203

    $475,000
    0.09 AC lot

    Fully renovated income property with two 2-bedroom units plus a separate-entry studio suite for flexible living or leasing.

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    Historic Restaurant with Studio Apartments
    Historic Restaurant with Studio Apartments

    1144 Kentucky Avenue, Indianapolis, IN 46221

    $605,000
    4,864 sqft

    First-floor restaurant plus eight leased studio apartments above, with parking lot for about 35 vehicles and basement storage.

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    Duplex with Covered Porches
    Duplex with Covered Porches

    833-835 Camp Street, Indianapolis, IN 46202

    $410,000
    0.09 AC lot

    Duplex offering two 2-bedroom units with covered porches, partially fenced yard space, and four alley-accessible off-street parking spots.

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    Duplex with Two 3BR Units
    Duplex with Two 3BR Units

    842-844 N California Street, Indianapolis, IN 46202

    $480,000
    0.09 AC lot

    Well-maintained duplex with two units, each offering 3 bedrooms and 2.5 bathrooms.

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    8-Unit Multifamily with Garages
    8-Unit Multifamily with Garages

    5925-5935 Devington Road, Indianapolis, IN 46226

    $850,000
    5,760 sqft

    Well-maintained 8-unit property with fully occupied 2-bedroom units and detached one-car garages.

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    Updated Quadplex with Furnished Units
    Updated Quadplex with Furnished Units

    2407 N Capitol Avenue, Indianapolis, IN 46208

    $659,999
    0.12 AC lot

    Four updated furnished units in a quadplex setup, including 1- and 2-bedroom layouts with garage parking.

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    Craftsman Duplex with Shared Laundry
    Craftsman Duplex with Shared Laundry

    3555-3557 Evergreen Avenue, Indianapolis, IN 46205

    $239,900
    0.17 AC lot

    Duplex with five bedrooms, updated interiors, a 2022 roof, radon system, vapor-barrier crawl space, and shared laundry.

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    New All-Brick Duplex with Two Garages
    New All-Brick Duplex with Two Garages

    752 N Elder Avenue, Indianapolis, IN 46222

    $449,999
    0.10 AC lot

    Tenant-ready duplex with two 2-bed, 2-bath units and dedicated garage bays.

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    Turnkey Side-by-Side Duplex
    Turnkey Side-by-Side Duplex

    2610 E North Street, Indianapolis, IN 46201

    $265,000
    0.08 AC lot

    Two occupied units with separate utilities, central heat/AC, and updated interiors, plus fenced outdoor space and alley parking.

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    Gutted 6-Unit Multifamily Fixer
    Gutted 6-Unit Multifamily Fixer

    2605 Shelby Street, Indianapolis, IN 46203

    $299,000
    6,582 sqft

    Six-unit property with two connected structures and framing underway, requiring full renovation to major systems and interior finishes.

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    Brick Tudor Duplex with Screen Porches
    Brick Tudor Duplex with Screen Porches

    36 W 56th Street, Indianapolis, IN 46208

    $725,000
    0.30 AC lot

    Tudor duplex with two mirror-image units, private screen porches, and detached two-car garage space for each unit.

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    12-Unit Studio Apartment Building
    12-Unit Studio Apartment Building

    2325 Shelby Street, Indianapolis, IN 46203

    $1,125,000
    9,720 sqft

    12 studio units with month-to-month leases and on-site paved parking for eight vehicles.

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    Remodeled Quadplex
    Remodeled Quadplex

    1338 Barth Avenue, Indianapolis, IN 46203

    $650,000
    0.14 AC lot

    Updated quadplex with two 2-bedroom/2-bath and two 1-bedroom/1-bath units, three currently leased.

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    10-Unit Apartment Building
    10-Unit Apartment Building

    3544 Carrollton Avenue, Indianapolis, IN 46205

    $1,300,000
    10,000 sqft

    Ten-unit building with six three-bedroom and four two-bedroom apartments.

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    Modern Duplex with Separate Utilities
    Modern Duplex with Separate Utilities

    2030 E Maryland Street, Indianapolis, IN 46201

    $400,000
    0.28 AC lot

    Newly built, already-leased duplex with two 3-bedroom units and separate entrances, meters, and off-street rear parking.

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    Mixed-Use Investment Building
    Mixed-Use Investment Building

    536 E MARKET ST, Indianapolis, IN 46202

    Contact for pricing
    20,952 sqft

    Well-maintained mixed-use property with elevator, dry sprinkler system, LED lighting, and parking, zoned CBD-2 for retail, office, or multifamily.

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    Updated Quadplex Income Property
    Updated Quadplex Income Property

    1021 N Ewing Street, Indianapolis, IN 46201

    $214,900
    0.11 AC lot

    An updated four-unit quadplex with three rented units and one recently updated, move-in ready vacancy.

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    Marion County, IN Residential Income Properties Market Trends and Statistics

    Explore 144 residential income properties for sale in Marion County, IN, showcased through 144 active listings on our real estate platform. These investment opportunities span a total of 228,426 square feet of properties for sale, with an estimated market value of $41,943,777.

    Sale prices for residential income properties in Marion County, IN start at $50,000, averaging $346,642, and reaching up to $1,300,000 — 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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