Indiana Multifamily Homes & Duplexes for Sale

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  /36

  $225,000

  • 3 Beds
  • 2 Baths
  • 1,680 Sq Ft

  206 W Main St, Lewisville, IN 47352

  Turnkey Short-Term Rental Investment Opportunity in East Central Indiana This fully furnished and beautifully remodeled 3-bedroom, 2-bath home offers a rare turnkey investment opportunity in the heart of East Central Indiana. Located directly on US 40 in the quiet town of Lewisville, this charming 1.5-story home has been successfully used as a short-term rental with strong occupancy rates. With

  

  Susan Falck-Neal

  RE/MAX First Integrity

  (765) 575-7727

  206 W Main St, Lewisville, IN 47352
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  /44

  $249,900

  • 4 Beds
  • 2 Baths
  • 1,629 Sq Ft

  2715 Floyd St, Lake Station, IN 46405

  Two Homes on one lot Opportunity in a Prime Location with a high cap rate!!!Welcome to 2715 Floyd St, a one-of-a-kind property offering two ranch-style homes on one lot, perfect for investors or multi-generational living!The front home has been beautifully remodeled with a modern, open-concept design, featuring 2 bedrooms, 1 bathroom, and a brand-new furnace. The second home also includes 2

  

  Jeff McCormick

  McCormick Real Estate, Inc.

  (219) 245-6986

  2715 Floyd St, Lake Station, IN 46405
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  /28

  $179,900

  • 4 Beds
  • 2 Baths
  • 2,202 Sq Ft

  202-204 Mill, Gaston, IN 47342

  Prime Investment Opportunity in Gaston! This full-brick duplex, built in 2006, is one of the best investment properties in the area. Each side offers 1,101 sq ft with 2 bedrooms, 1 bath, interior laundry, a spacious living room, and an oak cabinet kitchen complete with appliances (refrigerator, dishwasher, range, microwave, and water softener). One unit is currently leased at $850/month, while

  

  Steve Slavin

  Coldwell Banker Real Estate Group

  (765) 725-6077

  202-204 Mill, Gaston, IN 47342
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  /41

  $184,900

  • 3 Beds
  • 2 Baths
  • 1,350 Sq Ft

  4812 Linden Ave, Hammond, IN 46327

  Investment opportunity! This duplex is situated on a desirable corner lot and features a large fenced yard, offering great outdoor space and added privacy. The lower unit includes one bedroom, a full bath, and in-unit washer and dryer, making it ideal for an owner-occupant or tenant. The upper unit features two bedrooms, a 3/4 bath, and a spacious private balcony. A detached two-car garage

  

  Jeff McCormick

  McCormick Real Estate, Inc.

  (219) 506-3158

  4812 Linden Ave, Hammond, IN 46327
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  /30

  $149,900

  • 2 Beds
  • 2 Baths
  • 1,259 Sq Ft

  1400 E Walnut St, Evansville, IN 47714

  Awesome duplex offering significant long-term income! Located just minutes from U of E w/ many updates! Unit #1 receiving the most recent w/ new luxury vinyl flooring. Open layout w/ arched doorways, an abundant of built-in’s, plus updated kitchen (all appliances included). There is a separate dining room & a portion of the basement has been finished providing flexible living space. The

  

  Johnna Hancock-Blake

  Berkshire Hathaway HomeServices Indiana Realty

  (812) 562-5520

  1400 E Walnut St, Evansville, IN 47714
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  /31

  $279,900

  • 4 Beds
  • 2 Baths
  • 1,748 Sq Ft

  2412 Schrage Ave, Whiting, IN 46394

  TURNKEY remodeled 2-unit property in the heart of Whiting, Indiana! Perfect for owner-occupants or investors--live in one unit and rent the other, or add this as an income-producing property to your portfolio. Each unit offers 2 bedrooms, 1 full bath, a living room, and a kitchen with both front and rear entrances for convenience and privacy. Recent updates include newer windows, updated

  

  Melissa Yanez

  Favela Real Estate, LLC

  (219) 327-7113

  2412 Schrage Ave, Whiting, IN 46394
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  /54

  $377,500

  • 6 Beds
  • 4 Baths

  3626 Birchwood Ave, Indianapolis, IN 46205

  This exceptional duplex offers luxury living in a prime location just half a mile from the Indiana State Fairgrounds and a short walk to the scenic Monon and Fall Creek Trails. With 3 bedrooms and 2 FULL bathrooms per side, This property is thoughtfully redesigned for modern appeal. Fully renovated kitchens featuring granite countertops, center island, stainless steel appliances, and new

  

  RJ Russell

  Highgarden Real Estate

  (317) 834-7759

  3626 Birchwood Ave, Indianapolis, IN 46205
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  /9

  $245,000

  • 6 Beds
  • 2 Baths

  914 N Tuxedo St, Indianapolis, IN 46201

  This updated duplex meets the 1% rule with great tenants paying $1250 each side for an annual gross income of $30,000. This property features a newer privacy fence around the entire perimeter of the property, front and back! BOTH units have updated kitchens and bathrooms, fresh paint through-out, LVP flooring, PLUS new electrical panels for each side, new furnaces, new vanities, new sink

  

  Elizabeth Ewbank

  Highgarden Real Estate

  (317) 680-7951

  914 N Tuxedo St, Indianapolis, IN 46201
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  /35

  $650,000

  • 3 Beds
  • 2 Baths

  10334 Us Highway 50, Aurora, IN 47001

  Discover this expansive all-brick, two-story home featuring three distinct apartments. The main floor unit offers 3 bedrooms and 2 full baths, currently renting for $1,800. Head upstairs to find a spacious second-floor apartment boasting 3-4 bedrooms and 2 full baths, complete with a large private front patio and an additional uncovered patio at the rear, currently offered at $1,900 per month.

  

  Jay Knowles

  Keller Williams River Town Realty

  (812) 561-7482

  10334 Us Highway 50, Aurora, IN 47001
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  /47

  $530,000

  • 5 Beds

  4652 N Kenwood Ave, Indianapolis, IN 46208

  This 3,100+ SF Butler-Tarkington duplex has been beautifully renovated and updated with all the modern conveniences while maintaining its historic charm. Both sides are currently rented to great tenants with timely payment histories with an annual gross rental income of $45,600. There are separate HVAC, electric, and water meters for each unit, and there is plenty of parking in the detached

  

  Elizabeth Ewbank

  Highgarden Real Estate

  (317) 699-4933

  4652 N Kenwood Ave, Indianapolis, IN 46208
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  /5

  $165,000

  • 5 Beds
  • 4 Baths
  • 3,358 Sq Ft

  809 Jefferson Ave Unit 1-4, Evansville, IN 47713

  Large 4-unit property. Three of four units currently rented. Unit B pays their own electric bill. Unit B has new laminate wood flooring. Newer stairs in back of building (2023). Two (2) New heaters installed (2025). Annual numbers are estimating values Building being sold As-Is.

  

  Michelle Stanger

  Stanger Homes, LLC

  (812) 609-6308

  809 Jefferson Ave Unit 1-4, Evansville, IN 47713
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  /56

  $165,000

  • 6 Beds
  • 2 Baths

  3214 & 3216 N Capitol Ave, Indianapolis, IN 46208

  Submit all cash offers now as the seller is ready to sell! No contingencies, including financing or due diligence. Buyers should inspect before making an offer. This property is part of a portfolio, so there may be additional properties in similar condition available. This duplex is ready for new owners, some updates, and new tenants. Live in one side and rent out the other, or have two great

  

  James Abner

  eXp Realty, LLC

  (317) 743-3621

  3214 & 3216 N Capitol Ave, Indianapolis, IN 46208
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  /15

  $119,900

  • 4 Beds
  • 2 Baths

  1724 N Somerset Ave, Indianapolis, IN 46222

  Solid Block double. 2-bedrooms per side. Located East of Indianapolis Motor Speedway. Great potential with a little work. Property is currently vacant. Rent has been between $850-$1,200 per month according to past listings.

  

  Timothy O'Connor

  Berkshire Hathaway Home

  (463) 223-9740

  1724 N Somerset Ave, Indianapolis, IN 46222
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  /35

  $425,000

  • 5 Beds
  • 3 Baths
  • 1,676 Sq Ft

  1101 S Rogers St, Bloomington, IN 47403

  This well-maintained triplex sits in the heart of Bloomington’s vibrant McDoel Gardens neighborhood—just steps from Switchyard Park, the B-Line Trail, Hopscotch Coffee, Cardinal Spirits, and Southern Stone Restaurant. This property has a HAND rental permit - 3 unrelated tenants PER UNIT! Located on the city bus line, the property offers both exceptional convenience and strong tenant appeal. Each

  

  Laura Stevens

  The Indiana Team LLC

  (812) 497-8099

  1101 S Rogers St, Bloomington, IN 47403
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  /29

  $950,000

  • 6 Beds
  • 5 Baths

  6795 W 21st St, Indianapolis, IN 46214

  Rare multi-use property on 4.3 acres with several income producing structures already in place*. Property is ideal for Home Business, Multi-Generational Living or Investment. WELCOME to your dream compound near "Speedway" yet with all the peace and freedom of country living. Property includes ranch home + in-law quarters, pool, pole barn, and several income-producing opportunities. The spacious

  

  Janet Giles

  Your Realty Link, LLC

  (765) 268-5769

  6795 W 21st St, Indianapolis, IN 46214
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  /9

  $179,900

  • 4 Beds
  • 2.5 Baths
  • 3,600 Sq Ft

  107 Basket Factory Rd, Butler, IN 46721

  This investment property property beats the stock market, because YOU are in control. Main floor has 2 commercial spaces. One is currently a beauty shop and the other is vacant and could be used for office or retail. The upper floor has 2 apartments. If you prefer, it is possible with city approval to remodel the first floor to apartments making it a 4 plex. (Parcel and building dimensions are

  

  Fred Beck

  Fred Beck & Associates LLC

  (260) 368-3533

  107 Basket Factory Rd, Butler, IN 46721
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  /35

  $1,500,000

  • 8 Beds
  • 4 Baths
  • 3,269 Sq Ft

  309 SE 2nd St, Washington, IN 47501

  Great Cap Rate!! Total Gross Income of over $16,781.00 Monthly. This is a total package 19 rental Units to be sold as one Portfolio all located in Washington IN! Addresses and rents are as followed: 211 S Meridian Street (14-10-34-201-043.000-017): $1550.00, 107 NE 2nd St (14-10-27-403-042.000-017): $1100.00, 601 N St Rd 57 (14-10-27-401-006.000-017): $781.00, 312 N St Rd 57

  

  Delmar Wagler

  Integrity Realty Group LLC

  (812) 220-0171

  309 SE 2nd St, Washington, IN 47501
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  /19

  $139,900

  • 4 Beds
  • 2 Baths
  • 1,853 Sq Ft

  520 N Alameda Dr, Muncie, IN 47303

  Don't miss this opportunity to add to your investment portfolio!! Check out this affordable duplex near BSU campus. If you've been looking for another rental, don't pass this one up! Brand-new HVAC system installed August 2024!

  

  Lisa Buckner

  RE/MAX Real Estate Groups

  (765) 723-6881

  520 N Alameda Dr, Muncie, IN 47303
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  /14

  $84,900

  • 1,132 Sq Ft

  620 S 8th St, Richmond, IN 47374

  This is an exceptional home that is currently a duplex, the condition for the price is amazing, and you will not believe all the amenities that this fantastic deal has to offer. The two plus car detached garage is perfect for a car enthusiast, and with the upstairs apartment you could live in this home for free. Call or text Kyle Tom today @ 765.220.0199 for your private tour or visit

  

  Kyle Tom

  Coldwell Banker Lingle

  (765) 752-1833

  620 S 8th St, Richmond, IN 47374
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  /9

  $99,750

  • 1,308 Sq Ft

  414 S 9th St, Richmond, IN 47374

  Great commercial opportunity with heavy traffic flow and high visibility. This site has potential for further expansion of existing or new retail opportunities. This site is located immediately north of the existing Family Dollar store at the corner of US 27 and South E Street. This property is also available as a long term investment rental with 2 large apartments and a very nice rentable 2.5

  

  Kyle Tom

  Coldwell Banker Lingle

  (765) 945-2590

  414 S 9th St, Richmond, IN 47374
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  $145,000

  • 6 Beds
  • 2 Baths

  513 N Colorado Ave, Indianapolis, IN 46201

  Spacious duplex with 3 bedrooms and 1 bath on each side. Ideal for investors or owner-occupants, this property is ready for updates and improvements to unlock its full potential. Live in one unit and rent out the other, or lease both for consistent income. Strong rental demand in the area makes this a great option for those seeking cash flow with value-add upside. This property is in an auction,

  

  James Abner

  eXp Realty, LLC

  (317) 978-5700

  513 N Colorado Ave, Indianapolis, IN 46201
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  /25

  $400,000

  • 2 Beds
  • 1 Bath

  6201 Central Ave, Indianapolis, IN 46220

  Discover the potential of 6201-6203 Central Avenue, a duplex nestled in Broad Ripple at a premier location on the Canal. Presenting a fantastic opportunity for those with vision and ambition.The 6201 side has two bedrooms and one bath and is 1120 square feet. The 6203 side is one bedroom and one bathroom and is 779 square feet. Each unit has a full basement with day light windows and washer and

  

  John Creamer

  CENTURY 21 Scheetz

  (317) 676-5077

  6201 Central Ave, Indianapolis, IN 46220
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  /10

  $59,000

  • 6 Beds
  • 2 Baths
  • 1,203 Sq Ft

  1072 Van Buren St, Gary, IN 46402

  Investor Special - Multi-Unit Opportunity! Unlock the potential in this two-unit building featuring two spacious 3-bedroom units. This property is a blank canvas in need of a full rehab, offering endless possibilities for value-add investors or savvy house hackers. With strong rental demand in the area and generous unit sizes, this building could easily become a high-performing asset in your

  

  Justin Hanuscin

  Listing Leaders

  (219) 587-7279

  1072 Van Buren St, Gary, IN 46402
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  /4

  $199,900

  • 4 Beds
  • 2 Baths

  7150 E 43rd St, Indianapolis, IN 46226

  Great investment opportunity on Indy's NE side: a clean, straightforward duplex with two 2-bed/1-bath units and total rents at $1,805/month ($21,660/year gross). Set on a quiet street yet minutes to the interstate, this location stays convenient for tenants and simple to manage. Functional 2/1 layouts make turns efficient and marketing easy. Keep it as a steady cash-flow hold, explore value-add

  

  Justin Capps

  Ferris Property Group

  (317) 699-4555

  7150 E 43rd St, Indianapolis, IN 46226
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  /2

  $89,900

  • 6 Beds
  • 2 Baths
  • 2,708 Sq Ft

  1146 W 6th St, Marion, IN 46953

  This duplex is currently rented. Tenant pays Gas, Electric and the owner pays for the water. Each unit has 2 levels.

  

  Suzie Mack

  F.C. Tucker Realty Center

  (765) 345-4976

  1146 W 6th St, Marion, IN 46953
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  /51

  $289,900

  • 5 Beds
  • 2 Baths
  • 1,728 Sq Ft

  1379 Roosevelt Place, Gary, IN 46404

  Fully Renovated Turnkey Duplex - Perfect for an Investment Property! This beautifully updated duplex is move-in ready and ideal for investors or owner-occupants. Estimated Rent 1500-1600 per month for upper unit, 1200-1300 per month for lower unit, The 2 car Garage can earn another 200 per month in Rent. Estimated Cap Rate 10-12 Perc. The upper unit features three bedrooms, a full bathroom, a

  

  Jeff McCormick

  McCormick Real Estate, Inc.

  (219) 758-8169

  1379 Roosevelt Place, Gary, IN 46404
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  /14

  $134,000

  • 3 Beds
  • 2 Baths

  239 W 38th St, Anderson, IN 46013

  Great investment opportunity in Anderson. Take advantage of this conveniently located duplex that is currently fully rented on a main street in Anderson Owner has had property managed professionally. The lower unit is two bedroom, one bath. The upper unit is one bedroom, one bath. The 2-car detached garage is currently being rented for storage separately for additional income Tenants do

  

  Samuel Schlagel

  F.C. Tucker/Crossroads

  (765) 295-7032

  239 W 38th St, Anderson, IN 46013
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  /34

  $124,900

  • 3 Beds
  • 2 Baths
  • 1,200 Sq Ft

  2001 S 14th St, New Castle, IN 47362

  Turnkey duplex investment opportunity. Fully leased and ready for immediate income, this well-maintained duplex offers a solid addition to your investment portfolio. Situated on a corner lot with alley access and sidewalks, the property features two updated units with low-maintenance exterior. Unit 1 offers 2 bedrooms and 1 bath, while Unit 2 has 1 bedroom and 1 bath. Both units are in good

  

  Susan Falck-Neal

  RE/MAX First Integrity

  (765) 544-5860

  2001 S 14th St, New Castle, IN 47362
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  /33

  $199,900

  • 6 Beds
  • 4 Baths
  • 3,143 Sq Ft

  800-802 W North St, Muncie, IN 47303

  800-802 W North Street in Muncie is a prime investment opportunity that generates an impressive total monthly rent of $2,325.00 and just steps from Ball State University. This spacious duplex features two separate 3-bedroom, 2-bath units, each with private entrances, full kitchens with appliances, updated baths, and bright living spaces with original wood trim and large windows. The property has

  James Meredith NextHome Elite Real Estate

  800-802 W North St, Muncie, IN 47303
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  /30

  $169,500

  • 3 Beds
  • 2 Baths

  415 Harlan St, Indianapolis, IN 46201

  Fountain Square - Christian Park move-in ready duplex. Can also function as a single-family home with separate in-law quarters. Both units are vacant & ready for new tenants. The larger, lower unit features 2 bedrooms & contain access to the basement, while the upper unit features one large beedroom. Off-street parking for two vehicles. Recent updates include a newer roof, all new vinyl windows,

  Catherine Keen United Real Estate Indpls

  415 Harlan St, Indianapolis, IN 46201
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  /27

  $140,000

  • 6 Beds
  • 2 Baths
  • 2,088 Sq Ft

  917 W Washington Blvd, Fort Wayne, IN 46802

  Investment opportunity in the heart of downtown! This duplex in the West Central historic district is zoned R3 and ideally located just minutes from Promenade Park, Parkview Field, Electric Works, and a vibrant mix of dining and entertainment. Each unit offers a possible 3-bedroom, 1-bath layout and generates approximately $1,400/month in rent, providing strong income potential. This property

  Honey Fender Anthony REALTORS

  917 W Washington Blvd, Fort Wayne, IN 46802
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  /46

  $205,000

  • 6 Beds
  • 1 Bath

  505 W 40th St, Indianapolis, IN 46208

  Incredibly rare, 2-story historic multi-family property in Butler-Tarkington neighborhood. Minutes from mid-town, Broad Ripple, interstate access, parks, schools, and much more! Enclosed, private back yard and separate enclosed front porches. 2-car detached garage for off-street parking. Appears to have been previously been 3 Bedrooms per side, but now converted to one unit having an extra

  Chris Price Keller Williams Indy Metro S

  505 W 40th St, Indianapolis, IN 46208
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  /36

  $845,000

  • 5 Beds
  • 3.5 Baths
  • 5,290 Sq Ft

  1066 N Aspen Dr, Vincennes, IN 47591

  Luxurious 5-Bedroom Home on 1.5 Acres | 1066 Aspen Drive, Vincennes, IN Discover the epitome of upscale living in this remarkable 5-bedroom, 3.5-bathroom home, offering over 5,000 square feet of meticulously designed living space. Nestled on 1.5 acres in a desirable neighborhood, 1066 Aspen Drive combines modern luxury with spacious comfort, making it the perfect home for both relaxation and

  Trey Miller RE/MAX Mainstream

  1066 N Aspen Dr, Vincennes, IN 47591
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  /32

  $254,900

  • 5 Beds
  • 2.5 Baths
  • 2,135 Sq Ft

  122 Darin Ct, Anderson, IN 46012

  Welcome to this fully renovated duplex. Each unit features new flooring throughout, updated kitchens with granite counter tops and new appliances. Bathrooms have been completely remodeled, with new vanities, toilets and tub surrounds. Both units have been repainted and new light fixtures installed. The roof and HVAC are new, along with new duct work. Unit 1 has 2 bedrooms, 1 full bath and

  Erin Phillips RE/MAX Real Estate Groups

  122 Darin Ct, Anderson, IN 46012
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  /42

  $365,000

  • 6 Beds
  • 2 Baths
  • 2,336 Sq Ft

  23 Mason St, Hammond, IN 46320

  Beautifully Remodeled 2-Unit Building in Hammond! This move-in ready property offers two spacious units, each featuring 3 bedrooms and 1 bathroom. Both units showcase a neutral decor and a cozy fireplace, creating a warm, inviting atmosphere. Large, updated windows allow natural light to fill the rooms throughout the day, enhancing the bright and open feel of the space. The open layout between

  Tonanzin Farriols Redfin

  23 Mason St, Hammond, IN 46320
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  /33

  $455,000

  • 3 Beds
  • 2 Baths
  • 2,149 Sq Ft

  8205 Mcwhorter Rd, Martinsville, IN 46151

  Charming Country Retreat on 7.5 Acres - 3 Bed · 2 Bath · 2149 sqft An ideal blend of country living and functional space, this property is situated on 7.5 acres just minutes from Martinsville and easily accesible from Indianapolis or Bloomington. This 3-bedroom, 2-bath home offers 2149 square feet of updated comfort, plus outbuildings that elevate its usability for hobby farming, workshops,

  Caleb Sorrells Great Plains Land Co.

  8205 Mcwhorter Rd, Martinsville, IN 46151
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  /47

  $3,000,000

  • 4 Beds
  • 3 Baths
  • 2,542 Sq Ft

  10078 Whitcomb Rd, Brookville, IN 47012

  Dean Brandt Base Camp Country Real Estate, Inc.

  10078 Whitcomb Rd, Brookville, IN 47012
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  /31

  $126,900

  • 4 Beds
  • 4 Baths
  • 1,792 Sq Ft

  423 W Masterson Ave, Fort Wayne, IN 46802

  Turnkey duplex in the Hoagland Masterson neighborhood of Fort Wayne, fully tenant-occupied and producing consistent rental income. Each unit features 2 bedrooms and 1.5 baths with a combined finished area of approximately 1,800 square feet. Recent improvements include fresh interior paint, updated cabinetry, new furnaces and water heaters, upgraded plumbing and heating, and replacement of all

  Steven Koleno Beycome Brokerage Realty

  423 W Masterson Ave, Fort Wayne, IN 46802
• 

  

  /13

  $145,000

  • 2 Beds
  • 2 Baths

  833 N Gladstone Ave, Indianapolis, IN 46201

  Investors welcome! This single story duplex in Grace Tuxedo Park is fully tenant occupied and generating immediate cash flow. Each unit offers comfortable living space, washer/dryer hook ups in the basement, street parking and dedicated rear parking. Don't miss out!

  Edwin Watson Triple E Realty, LLC

  833 N Gladstone Ave, Indianapolis, IN 46201
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  /6

  $69,900

  • 4 Beds
  • 2 Baths
  • 1,392 Sq Ft

  1346 Federal Ave Unit 1318, La Porte, IN 46350

  This 2-unit duplex in LaPorte is the perfect value-add opportunity for savvy investors or rehabbers looking for serious cash flow potential. Rare Find with 4 Bedrooms, 2 Bath with 1392 square feet. Priced well below market, this property is being sold as-is and offers incredible upside with some TLC. Each unit has its own entrance, utilities, and layout, making it ideal for rental income. Live in

  Peter LaSalle Listing Leaders

  1346 Federal Ave Unit 1318, La Porte, IN 46350

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