Indianapolis IN Multi Family for Sale

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Type:
Cluster
Sq.Ft.:
n/a
Status:
NEW LISTING
Beds:
n/a
Year built:
1910
Baths:
MLS#:
22003687
Subdivision:
Rubens Wildwood

ADDITIONAL INFORMATION

Welcome to this exceptional multi-family property offering a solid investment opportunity. This all-brick four-plex stands out with its recent upgrades to kitchens and bathrooms, ensuring modern comfort and style. The property is 100% occupied, and each unit features 2 bedrooms and 1 bath, demonstrating its appeal in the rental market. The location is superb, just a short distance from educational, transit, shopping, and recreational amenities that enhance tenant living experiences and property value. Whether you want to expand your investment portfolio or venture into the real estate market, this property offers a compelling location, condition, and income potential package.

Type:
Cluster
Sq.Ft.:
n/a
Status:
NEW LISTING
Beds:
n/a
Year built:
1910
Baths:
MLS#:
22003686
Subdivision:
Rubens Wildwood

ADDITIONAL INFORMATION

Welcome to this exceptional multi-family property offering a solid investment opportunity. This all-brick four-plex stands out with its recent upgrades to kitchens and bathrooms, ensuring modern comfort and style. The property is 100% occupied, and each unit features 2 bedrooms and 1 bath, demonstrating its appeal in the rental market. With a practical and well-maintained parking lot at the rear, this property provides ample parking space for tenants, adding to its desirability. The location is superb, just a short distance from educational, transit, shopping, and recreational amenities that enhance tenant living experiences and property value. Whether you want to expand your investment portfolio or venture into the real estate market, this property offers a compelling location, condition, and income potential package.

Type:
Duplex
Sq.Ft.:
n/a
Status:
NEW LISTING
Beds:
n/a
Year built:
1920
Baths:
MLS#:
22003405
Subdivision:
Armstong Park

ADDITIONAL INFORMATION

**Investor Special: Cash-Flowing 2-Bed/1.5-Bath Duplex in Indianapolis** Part of a portfolio! Attention investors! This well-maintained, cash-flowing 2-bedroom, 1.5-bathroom duplex in Indianapolis offers both immediate returns and long-term potential. Key updates include a full electrical overhaul, a new roof in 2021, and durable vinyl plank flooring throughout the first floor, with cozy new carpet in both bedrooms. The vacant unit (#1031) was recently updated in 2024, featuring a modern kitchen with granite countertops, subway tile backsplash, and new cabinetry. The bathroom has also been fully renovated with a tiled shower and new flooring, making it move-in ready for a tenant or owner-occupant. With one unit already generating income and the other ready to rent, this property is a prime investment opportunity in the Indianapolis market! This property is included in a portfolio.Total Portfolio includes MLS listings #22003397, #21995212, #22003404 & #22003403.Total portfolio price is $1,100,000.00.Portfolio may be sold in groups, individually or as a whole. Photo credit in Marketing material provided by PMI Meridian Property Management Group.

Type:
Duplex
Sq.Ft.:
n/a
Status:
NEW LISTING
Beds:
n/a
Year built:
1910
Baths:
MLS#:
22003404
Subdivision:
M C Masters Sub T C Harrison & Cos Add

ADDITIONAL INFORMATION

**Investor Special: Cash-Flowing 3-Bed/1.5-Bath Duplex in Indianapolis** Part of a Portfolio! Ideal for investors, this cash-flowing duplex offers two 3-bedroom, 1.5-bath units with extensive updates. Both units have had full electrical upgrades, new windows, and modern kitchens featuring granite countertops, subway tile backsplashes, and brand-new cabinetry. Unit #3721 underwent a complete renovation in 2022, featuring luxury vinyl plank flooring throughout and a beautifully tiled bathroom with updated shower and flooring. Unit #3723 is occupied by a very long-term tenant, with partial luxury vinyl plank flooring in place, providing immediate steady income. Whether you're looking for cash flow or long-term appreciation, this duplex is a prime investment in a desirable Indianapolis location. Don't miss out on this opportunity!This property is included in a portfolio. Total Portfolio includes MLS listings 22003397, 22003403, 22003405, 21995212.Total portfolio price is $1,100,000.00.Portfolio may be sold in groups, individually or as a whole.

Type:
Duplex
Sq.Ft.:
n/a
Status:
NEW LISTING
Beds:
n/a
Year built:
1910
Baths:
MLS#:
22003403
Subdivision:
Bryan

ADDITIONAL INFORMATION

**Investor Special: Cash-Flowing Duplex in Indianapolis** Part of a Portfolio! Seize this prime investment opportunity with a fully updated cash-flowing duplex in the heart of Indianapolis! This property underwent a complete renovation in 2022, featuring a new roof, updated electrical, plumbing, HVAC systems, and new windows, making it truly turnkey. The interiors showcase modern touches throughout, including luxury vinyl plank flooring, granite countertops with a stylish subway tile backsplash in the kitchen, and brand-new cabinetry. Both units boast elegantly tiled bathrooms with updated showers and flooring, ensuring tenant satisfaction and long-term rental appeal. This duplex offers immediate cash flow and long-term growth potential-ideal for any investor looking to expand their portfolio. This property is included in a portfolio.Total Portfolio includes MLS listings #22003397, #21995212, #22003404 & #22003405. Total portfolio price is $1,100,000.00.Portfolio may be sold in groups, individually or as a whole.

Type:
Duplex
Sq.Ft.:
n/a
Status:
NEW LISTING
Beds:
n/a
Year built:
1930
Baths:
MLS#:
22003397
Subdivision:
Armstrong Park

ADDITIONAL INFORMATION

**Investor Special: Cash-Flowing 3-Bed/1.5-Bath Duplex in Indianapolis** Part of a Portfolio! This cash-flowing duplex is the perfect investment opportunity in Indianapolis, offering 3 bedrooms and 1.5 bathrooms per unit. Both units have received major upgrades, including full electrical updates, new windows, and modern kitchens featuring granite countertops, subway tile backsplashes, and brand-new cabinetry. Unit #3420 was recently updated in 2024, with a fully renovated kitchen and bathroom, including granite counters, new cabinetry, and stylish tile work in the shower and flooring-ready to attract quality tenants or owner-occupants. With a combination of recent upgrades and ongoing cash flow, this property is a fantastic addition to any investor's portfolio! This property is included in a portfolio. Total Portfolio includes MLS listings #22003403, 22003404, 22003405 & 21995212.Total portfolio price is $1,100,000.00.Portfolio may be sold in groups, individually or as a whole.

Type:
Duplex
Sq.Ft.:
n/a
Status:
NEW LISTING
Beds:
n/a
Year built:
1925
Baths:
MLS#:
22003278
Subdivision:
Hasselmans Add

ADDITIONAL INFORMATION

Modern conveniences both inside this home AND just minutes from your doorstep! What does that mean? This interior offers completely modern and updated finishes and fixtures - from the kitchens to the bathrooms... trim and light fixtures/fans. No stone unturned with this updated duplex! Outside you will find a fresh, new privacy fenced in yard and a polished front porch with new steps. Minutes from your door step you will find convenience shopping, the Children's Musuem, Tarkington Park, eateries and nightlife, Butler University -- the works. 12 minutes to the circle and everything downtown has to offer. A popular rental that is turnkey. Both units are similarly updated - only one unit is vacant for showing purposes. Photos available for 3732 upon request. House hackers -- let 3732 pay the bulk of your mortgage and live almost free!

Type:
Duplex
Sq.Ft.:
n/a
Status:
NEW LISTING
Beds:
n/a
Year built:
1925
Baths:
MLS#:
22002731
Subdivision:
Cleveland Etal Central

ADDITIONAL INFORMATION

Charming Updated Cash Flowing Duplex! This property gross's $1750/mo in rental income. It was updated prior to the tenants moving in. Ideal for investors looking for a turn-key, well-maintained income generating property.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1926
Baths:
MLS#:
21997428
Subdivision:
Lattas North Illinois St

ADDITIONAL INFORMATION

LOCATION, LOCATION, LOCATION! This updated duplex is situated right next to Tarkington Park, with easy access to Butler University, Broad Ripple, and downtown Indianapolis. Each side features 3 bedrooms and 1 bathroom, making it a solid investment opportunity in a high-demand area. Recent updates include new kitchens and basement waterproofing, ensuring low maintenance and added value. This property is ideal for investors looking to add a reliable income stream to their portfolio in one of Indianapolis's most desirable neighborhoods. One unit recently renewed and the other is ready to rent. Don't miss out on this turnkey investment opportunity!

Type:
Triplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1925
Baths:
MLS#:
21995588
Subdivision:
Lazarus & Colemans Harvard

ADDITIONAL INFORMATION

Fully occupied, cash flowing triplex in downtown Indy. Current gross rent is $2475/month. There are two units with 1bed/1bath and one unit with 3beds/1.5bath. Two units downstairs and one unit upstairs. Recent exterior paint. There is on site parking as well as street parking. Unit 1 (3619 3bed/1.5bath $1150/month) lease 7/1/2024-6/30/2025; Unit A (3621: 1bed/1bath $650) 4/30/2024-6/30/2025; Unit B (3621: 1bed/1bath $675/month) MTM.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1921
Baths:
MLS#:
21966277
Subdivision:
Curzon Park

ADDITIONAL INFORMATION

1% rule anyone? It can still be done. This home is closely located to Butler University and is in an up and coming area of the city. This home was recently appraised at $180k, so you can step into this deal with some instant equity. Each side is a 1/1 and rents total $1,395/mo. Currently, both tenants are Section 8 tenants and the property is being professionally managed. Property to be sold AS IS. Subject to tenants rights.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1900
Baths:
MLS#:
21989967
Subdivision:
Avondale

ADDITIONAL INFORMATION

3 bed per side duplex with 1.5 baths on one side and 1 on the other. Each side is over 1300 sq ft of living space. Beautiful hardwood floors. Each side an a fully enclosed porch for extra living space. The is a detached one car garage that can be allocated to either unit or could be an additional income source. One side is vacant and the other has a long term tenant on month to month lease.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1920
Baths:
MLS#:
21990708
Subdivision:
Riverside

ADDITIONAL INFORMATION

New Roof September 2024! New Front Porch and Deck August 2024! Your next side by side duplex investment! 1 BR, 1 BA rented for $550/month; 1 BR, 1 BA rented for $650/month. This Duplex is fully rented and ready to be taken over by you. Taxes were $1338 last year. Both sides currently rented. One side will need extensive clean out due to hoarder.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1910
Baths:
MLS#:
21989438
Subdivision:
Mayer & Metzgers

ADDITIONAL INFORMATION

Calling all Investors. Investment opportunity on Indy's near west side. Home is a renovation project and being sold as-is. Home is in Short Sale. Property is a duplex that has been platted into two condos. Both being sold together.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1910
Baths:
MLS#:
21919913
Subdivision:
Roaches

ADDITIONAL INFORMATION

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1910
Baths:
MLS#:
21984787
Subdivision:
Roaches

ADDITIONAL INFORMATION

Newer roof; hardie plank siding; vinyl windows; zoned for duplex but it is a four-plex. Buyer must divide the property in two and do some slight reconfiguration to satisfy zoning. Lots of new cabinets, flooring, and bathrooms. Home featured storage area and a basement in one of the units.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
2024
Baths:
MLS#:
21948426
Subdivision:
Braden

ADDITIONAL INFORMATION

Your beautiful brand new oasis is waiting for you. Are you looking for a new build home close to downtown and minutes from the highway? Are you an investor looking for an income-producing property that is brand new with limited financial obligations? This property is a must see with the perfect floor plan. Walk in and take in all of the newness that this property has to offer. This will be the perfect home for someone wanting to house hack or an investor wanting to go in and immediately start producing income!

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Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

The information is being provided by Metropolitan Indianapolis Board of REALTORS®. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2024 Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.




Indianapolis Real Estate

The median home value in Indianapolis, IN is $135,200. This is lower than the county median home value of $140,700. The national median home value is $219,700. The average price of homes sold in Indianapolis, IN is $135,200. Approximately 46.36% of Indianapolis homes are owned, compared to 40.52% rented, while 13.13% are vacant. Indianapolis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Indianapolis real estate agent to arrange a tour today!

Indianapolis, Indiana 46208 has a population of 853,431. Indianapolis 46208 is less family-centric than the surrounding county with 26.35% of the households containing married families with children. The county average for households married with children is 26.59%.

The median household income in Indianapolis, Indiana 46208 is $44,709. The median household income for the surrounding county is $44,869 compared to the national median of $57,652. The median age of people living in Indianapolis 46208 is 34.1 years.

Indianapolis Weather

The average high temperature in July is 84 degrees, with an average low temperature in January of 19.9 degrees. The average rainfall is approximately 42.7 inches per year, with 21.9 inches of snow per year.

Indianapolis Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    120
    30-day change

Indianapolis Schools and Demographics

Education near Indianapolis, IN

Metric City County
High School Graduates 85.52 85.64
College Degree - 2 year 7.12 7.17
College Degree - 4 year 29.72 29.72
Graduate Degree 7.31 7.36
Expenditures per Student 16,576 12,459
Students per Teacher 12.3 18.1

Elementary Schools near Indianapolis, IN

School Grades Students P/T Ratio ZIP
Avondale Meadows Academy KG - 05 482 17.9 46205
Clarence Farrington School 61 KG - 06 567 12.1 46222
Crooked Creek Elementary School KG - 05 700 22.6 46228
Elder W Diggs School 42 PK - 06 534 16.7 46208
Flanner House Elementary School (Charter) KG - 06 228 17.4 46208
Fox Hill Elementary School KG - 05 806 22.4 46228
George W Carver School 87 PK - 08 336 15.3 46208
James Whitcomb Riley School 43 KG - 08 424 13.1 46208
Phalen Ldrshp Acad. - in Inc. KG - 03 294 36.8 46208
Riverside School 44 PK - 06 421 14.5 46202
Rousseau MC Clellan 91 KG - 08 476 17 46205
Stephen Collins Foster School 67 PK - 06 621 13.1 46222
Washington Irving School 14 PK - 06 524 16.9 46202

Middle Schools near Indianapolis, IN

School Grades Students P/T Ratio ZIP
Crispus Attucks Med Mgnt Jr Hs 06 - 08 629 16.6 46202
George Washington Comm Jr Hs 07 - 08 578 13.9 46222
Shortridge Law & Pub Pol Mag Jr Hs 06 - 08 343 12.5 46208
Tindley Collegiate Academy 05 - 08 343 15.9 46205
Tindley Preparatory Academy 05 - 08 301 14.7 46205

High Schools near Indianapolis, IN

School Grades Students P/T Ratio ZIP
Charles A Tindley Accelerated School 09 - 12 288 13.4 46205
Crispus Attucks Medical Magnet HS 09 - 12 540 13 46202
George Washington Community HS 09 - 12 848 16.1 46222
Herron High School 09 - 12 741 16.2 46202
Indianapolis Metropolitan High School 09 - 12 261 13.1 46222
Shortridge Law & Public Policy MG HS 09 - 12 367 11.1 46208

Ungraded Schools near Indianapolis, IN

School Grades Students P/T Ratio ZIP
* Excel Center for Adult Learners 09 - 12 1,348 26.9 46205
Carpe DIEM - Meridian Campus 06 - 12 225 45 46208
Fall Creek Academy 06 - 12 186 16.9 46208
Indiana School for the Deaf PK - 12 344 15.6 46205

Demographics near Indianapolis, IN 46208

Metric Zip Code City
Neighborhood Type City Neighborhood
Population 853,431 939,964
Population Density 2,360 2,371
Median Age 34.1 34.3
People per Household 2.5 2.5
Median Household Income 44,709 44,869
Average Income per Capita 26,232 26,284