Indiana Multifamily Homes & Duplexes for Sale

/38
$306,000
- 4 Beds
- 3 Baths
1312 N Dearborn St, Indianapolis, IN 46201

Investor Alert - 1312 & 1314 N Dearborn St, Indianapolis Here's the deal you've been waiting for: a fully renovated duplex (2025) with both sides vacant and ready to cash flow from day one. Unit 1312: 2 bed / 1 bath | Avg rent projection: $1,115/mo Unit 1314: 2 bed / 1.5 bath | Avg rent projection: $1,606/mo That's $2,721/month ($32,652 annually) in projected gross rents, and that's before

Dana Rivers

Resolute Realty

(317) 597-4786

1312 N Dearborn St, Indianapolis, IN 46201
/14
$124,900
- 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 not have

Samuel Schlagel

F.C. Tucker/Crossroads

(765) 295-7032

239 W 38th St, Anderson, IN 46013
/15
$499,900
- 6 Beds
- 6 Baths
- 2,896 Sq Ft
150 16th St, Chesterton, IN 46304

This newly completed duplex was finished in 2024. This exceptional investment property features two spacious units--each offering 3 bedrooms, 3 bathrooms, and a convenient one-car garage. Both sides are currently leased, providing immediate rental income. The main level showcases durable LVP flooring, while the primary suite includes a generous walk-in closet. Quality finishes such as 6-panel oak

Paul Boyter

McColly Real Estate

(219) 946-4328

150 16th St, Chesterton, IN 46304
/31
$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
/13
$150,000
- 4 Beds
- 4 Baths
- 2,560 Sq Ft
1709 N Webster St, Kokomo, IN 46901

This will be a great Income producing property for someone. There are two units already rented out, one unit ready to rent out, and one unit that needs to be remodeled. Each unit has one bedroom and one bathroom, kitchen, and living room. Three of the units come with a refrigerator and stove/oven. You don’t want To miss out on this opportunity.

Kristine Miller

Apple Tree Realty, LLC

(765) 441-4548

1709 N Webster St, Kokomo, IN 46901
/23
$525,000
- 6 Beds
- 6 Baths
- 2,920 Sq Ft
140 N Jackson Blvd, Chesterton, IN 46304

This newly completed duplex was finished in 2024. This exceptional investment property features two spacious units--each offering 3 bedrooms, 3 bathrooms, and a convenient one-car garage. Both sides are currently leased, providing immediate rental income. The main level showcases durable LVP flooring, while the primary suite includes a generous walk-in closet. Quality finishes such as 6-panel oak

Paul Boyter

McColly Real Estate

(219) 402-3372

140 N Jackson Blvd, Chesterton, IN 46304
/15
$899,000
- 2 Beds
- 1 Bath
- 1,888 Sq Ft
101 Eastside Ln, Bedford, IN 47421

Five buildings, each with 2 duplexes . . . all in a peaceful country setting just East of Bedford. Nine units feature 2 bedrooms and 1 bath, while one unit offers 3 bedrooms and 1 bath. Each unit has a rear deck overlooking a nice backyard and plenty of parking in front. This is a solid investment with great cash flow and long-term potential!

Karen Goodwine

Williams Carpenter Realtors

(812) 502-5995

101 Eastside Ln, Bedford, IN 47421
/27
$259,900
- 3 Beds
- 2 Baths
1905 E Balsam Ct, Anderson, IN 46011

Imagine waking up in a spacious, sunlit home where your mortgage feels like a distant memory-because the rent from one side of this stunning duplex almost covers it all, letting you live practically free. Welcome to this rare gem in Anderson's peaceful Greenbrier Addition, where smart investing meets effortless living. This side-by-side duplex offers two identical, impeccably maintained units,

Robert Lappin

Circle 8, LLC

(765) 978-5083

1905 E Balsam Ct, Anderson, IN 46011
/19
$82,000
- 3 Beds
- 2 Baths
- 1,424 Sq Ft
624 N Washington St, Marion, IN 46952

DUPLEX ! Great Investment ! Lots Of Storage Space And Built In Cabinet Space ! Beautiful Original Hardwood Floors Throughout The Home ! French Doors That Lead To A Great Size Dinning Room Or Could Be Used For An Office !! Upstairs Offers Vinyl Flooring With Built Ins Through Out ! Large Living Room Area !! With Some TLC This Could Be A Great Investment Opportunity !! Both units are rented !!

Kayla Poling

F.C. Tucker Realty Center

(765) 435-7716

624 N Washington St, Marion, IN 46952
/28
$135,000
- 6 Beds
- 4 Baths
- 2,768 Sq Ft
115 E 2nd St, Peru, IN 46970

Four units under one roof! 2 units are 1 bedroom, 1 bathroom; 2 units are 2 bedrooms, 1 bathroom. 4 dedicated, off-street parking spaces. Separate access to each apartment, and ramp access for 1 unit. Most recent rents: 1 unit is $540/mo; 3 units are $700/mo. Cash buyers only. Property to be sold AS-IS.

Rebekah Slack

Miles Realty Group

(765) 345-8492

115 E 2nd St, Peru, IN 46970
/11
$64,900
- 3 Beds
- 3 Baths
- 1,985 Sq Ft
215 W 7th St, Marion, IN 46953

Great Investment Opportunity! This duplex has been vacant for over a year and is ready for your vision and updates. One side features 2 bedrooms and 2 full bathrooms, offering spacious living potential, while the other side includes 1 bedroom and 1 bathroom—perfect for a tenant or guest suite. Whether you're looking to renovate and rent both units or live in one and lease the other, this property

Kayla Poling

F.C. Tucker Realty Center

(765) 945-2111

215 W 7th St, Marion, IN 46953
/54
$360,000
- 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
/10
$54,000
- 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) 342-2690

1072 Van Buren St, Gary, IN 46402
/51
$250,000
- 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. Top level has renter, lower level is available. Estimated Cap Rate 10-12 Perc. The upper unit features three bedrooms, a full bathroom, a bright living room, and a separate dining area adjacent to the modern kitchen. It also includes a

Jeff McCormick

McCormick Real Estate, Inc.

(219) 758-8169

1379 Roosevelt Place, Gary, IN 46404
/2
$249,500
- 4 Beds
- 4 Baths
- 1,736 Sq Ft
1628 C St, Bedford, IN 47421

Looking to expand your portfolio with a stable income-producing asset? This is one of 2 side by side buildings that have a total of 4 units each offering a comfortable and functional layout. Every unit features 2 bedrooms, 1.5 bathrooms, living room, kitchen, utility room, 1 car attached garage, with electric heat pump and electric water heater. Nestled in a quiet setting with off street parking

Karen Goodwine

Williams Carpenter Realtors

(930) 212-4378

1628 C St, Bedford, IN 47421
/36
$619,500
- 3 Beds
- 3 Baths
- 3,136 Sq Ft
1957 E State Road 524, Wabash, IN 46992

This fully updated 5-unit apartment strip sits on a sprawling 10-acre parcel and is 100% rented—offering instant income for savvy investors. The complex includes (2) one-bedroom units and (3) two-bedroom units, all modernized and well-maintained for long-term tenant retention. In addition to the apartments, the property features a spacious 3,136 sq ft home with 3-4 bedrooms, 3 full baths, and a

Sarah Mast

Real Broker, LLC

(260) 323-5528

1957 E State Road 524, Wabash, IN 46992
/18
$445,000
- 3 Beds
- 2 Baths
- 1,657 Sq Ft
7111 Ironwood Ave, Gary, IN 46403

Charming Home with Endless Possibilities! This raised ranch of over 3300 SqFt offers incredible versatility. Currently set up as a two-unit rental, it can easily be converted back into a single-family residence. Whether you're looking for an investment opportunity, space for extended family, or a turnkey vacation home, this property has it all. Both units are fully furnished and ready to go. The

Cindy Malmquist

Key Realty Indiana, LLC

(219) 529-1930

7111 Ironwood Ave, Gary, IN 46403
/17
$180,000
- 2 Beds
- 1.5 Baths
- 2,880 Sq Ft
1534 W 2nd St, Marion, IN 46952

Perfect business opportunity! Located on a main road, this property offers excellent visibility and convenience with a full paved parking lot, plus additional parking across the street on an included lot measuring nearly half an acre. Upstairs, you’ll find a move-in-ready 1-bedroom apartment, ideal for rental income or owner occupancy. A versatile property with endless potential!

Kayla Poling

F.C. Tucker Realty Center

(765) 523-4248

1534 W 2nd St, Marion, IN 46952
/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
/2
$139,000
- 2 Beds
- 2 Baths
- 600 Sq Ft
2415 L St, Bedford, IN 47421

This property features a covered front porch at the entry and a spacious deck at the rear. Each unit has 1 bedroom, a living room, 1 bath, and a kitchen. Ideal for investors or owner occupants looking to live in one unit and rent the other.

Karen Goodwine

Williams Carpenter Realtors

(812) 489-9847

2415 L St, Bedford, IN 47421
/15
$85,000
- 3 Beds
- 2 Baths
1820 Central Ave, Anderson, IN 46016

Excellent investment opportunity in the heart of Anderson! This two-story duplex features two rental units with strong income potential and a location that keeps demand high. Situated close to downtown, the hospital, and public transportation, this property attracts consistent tenants seeking convenience and accessibility. Unit One: 2 bedrooms, 1 bath -spacious layout ideal for long-term renters.

Hilary Casstevens

Epique Inc

(765) 636-2015

1820 Central Ave, Anderson, IN 46016
/2
$89,900
- 5 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
/10
$239,000
- 5 Beds
- 4 Baths
4114 E Washington St, Indianapolis, IN 46201

***Through no fault of the Seller, this home is back on the market*** This property is calling for the savvy investor. Rent all 3 units for a generous passive stream of income or live on one side and rent the other 2 units. This multi-unit has a ton of potential. One 1/2 of the home is a 3 bedrooms and 2 bathrooms. Other side is 2 units; both are 1 bedroom, 1 bathroom. Home has off street parking

Lindsay Adams

Pillario Property Management LLC

(317) 754-0717

4114 E Washington St, Indianapolis, IN 46201
/5
$165,000
- 5 Beds
- 4 Baths
- 3,358 Sq Ft
809 Jefferson Ave Unit 1-4, Evansville, IN 47713

Spacious 4-unit property with strong rental potential—three of the four units are currently leased. Unit B features new laminate wood flooring and pays its own electric bill. Recent updates include newer exterior rear stairs (2023) and two new water heaters installed in Spring 2025. Annual financials are based on estimated values. Property is being sold As-Is.

Michelle Stanger

Stanger Homes, LLC

(812) 609-6308

809 Jefferson Ave Unit 1-4, Evansville, IN 47713
/2
$499,000
- 4 Beds
- 4 Baths
- 1,659 Sq Ft
1108 25th St, Bedford, IN 47421

Looking to expand your portfolio with a stable income producing asset? This 4 unit multifamily property is located within the Bedford city limits on a generous 96 x 154 lot offering both immediate cash flow and long term upside! Properties with city limits are consistently sought after by tenants looking for proximity to schools, jobs, healthcare, and shopping. Bedford continues to see solid

Karen Goodwine

Williams Carpenter Realtors

(812) 594-4055

1108 25th St, Bedford, IN 47421
/40
$175,000
- 4 Beds
- 3 Baths
190 E Washington St, Morgantown, IN 46160

Income Producing Tri-Plex located in a very walkable location to downtown Morgantown. Both apartments on the main level are 1 bed/1 bath. The upstairs apartment features 2 beds/1 bath. Gross monthly income of $2,385. Lease terms available upon request. Property includes basement ready for your inspection. All three apartments have private entrances and onsite parking. Washer, Dryer, Oven/Range,

Ron Rose

Indiana Realty Pros, Inc.

(812) 472-2219

190 E Washington St, Morgantown, IN 46160
/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
/22
$275,000
- 3 Beds
- 2 Baths
717 N Grant Ave, Indianapolis, IN 46201

Welcome to 717-719 N Grant Ave, an exceptional duplex in the improving near east side neighborhood of Tuxedo Park. Complete exterior updates 7 years ago with a new roof, gutters, siding and windows. On the inside, all was touched 5 years ago. Plumbing, wiring, insulation, drywall, kitchens and bathrooms, etc. This is a great opportunity for a savvy investor or the owner occupant house-hacker that

Justin Capps

Ferris Property Group

(317) 943-8705

717 N Grant Ave, Indianapolis, IN 46201
/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
/4
$220,000
- 2 Beds
- 2 Baths
1073 W 27th St, Indianapolis, IN 46208

Exceptional Duplex Investment - Rebuilt in 2019 Near IU Med & Downtown Indy! --- Originally built in the early 1900s and completely reconstructed down to the foundation in 2019, this modern duplex offers the charm of a historic neighborhood with the comfort of a nearly new home. Each side features 2 bedrooms, 1.5 baths, open-concept living, updated kitchens, and separate utilities including

Jeff Cloyd

RE/MAX Advanced Realty

(317) 666-6836

1073 W 27th St, Indianapolis, IN 46208
/2
$249,500
- 4 Beds
- 4 Baths
- 1,736 Sq Ft
1630 C St, Bedford, IN 47421

Looking to expand your portfolio with a stable income-producing asset? This is one of 2 side by side buildings that have a total of 4 units. Each offers a comfortable and functional layout. Every unit features 2 bedrooms, 1.5 bathrooms, living room, kitchen, utility room, 1 car attached garage, with electric heat pump and electric water heater. Nestled in a quite setting with off street parking.

Karen Goodwine

Williams Carpenter Realtors

(812) 678-7607

1630 C St, Bedford, IN 47421
/13
$159,900
- 4 Beds
- 2 Baths
60 S Mount St, Indianapolis, IN 46222

Looking for an income generating duplex minutes from downtown? This duplex has two townhome style units each with a spacious open floor plan on the first level and washer/dryer hookups. The 2nd floor has 2 bedrooms and 1 bath with a small bonus room which could be used for an office, storage, etc. One unit has new interior paint, LVP flooring, new carpet, and a new bathroom vanity.The rent ready

Lisa Meulbroek

Liberty Real Estate, LLC.

(317) 676-5062

60 S Mount St, Indianapolis, IN 46222
/25
$119,900
- 4 Beds
- 3 Baths
- 2,806 Sq Ft
1727 Plum St, New Castle, IN 47362

This versatile home, originally designed as a duplex, offers the potential for easy conversion back to its original layout. Situated on a corner lot, the property features a fenced yard and a generous 3+ car detached garage with attic storage, ensuring ample space for vehicles and belongings. With off-street parking available, this residence can accommodate up to 6 bedrooms or provide abundant

Susan Falck-Neal

RE/MAX First Integrity

(765) 727-5972

1727 Plum St, New Castle, IN 47362
/46
$195,000
- 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 large

Chris Price Keller Williams Indy Metro S

505 W 40th St, Indianapolis, IN 46208
/20
$465,000
- 9 Beds
- 4 Baths
- 1,672 Sq Ft
5001 Magoun Ave, East Chicago, IN 46312

This 4-unit property presents a strong, stabilized investment opportunity. Three of the four units have been recently updated, reducing near-term capital expenditure needs. All tenants were placed within the past 24 months through a thorough screening process, including criminal background, credit, and employment verification, resulting in a reliable tenant base and minimized turnover risk. With

Michael Dailey Listing Leaders

5001 Magoun Ave, East Chicago, IN 46312
/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
/11
$135,000
- 3 Beds
- 3 Baths
- 2,114 Sq Ft
2728 W Virginia St, Evansville, IN 47712

WEST-TRIPLEX: 3 one bedroom apartments located just minutes from shopping, bus line, schools. Exterior has been extensively remodeled featuring new roof and decking, replacement windows, stone trim, new siding (old asbestos siding removed, new osb, house wrap), updated plumbing (lines and drains), vapor barrier installed, foundation & floor joists plus new sub flooring in Apt B, new concrete side

Paula Haller ERA FIRST ADVANTAGE REALTY, INC

2728 W Virginia St, Evansville, IN 47712
/25
$274,900
- 3 Beds
- 3 Baths
- 945 Sq Ft
599 N Elm St, West Baden Springs, IN 47469

THIS COULD BE YOUR CHANCE AT AN INCREDIBLE INVESTMENT OPPORTUNITY! FEATURING 3 INDIVIDUAL UNITS, EACH INCLUDES A KITCHENETTE, BEDROOM, AND A FULL BATHROOM AREA. SHARED LAUNDRY FACILITIES ARE ON SITE ALONG WITH PARKING AREAS. THIS STRUCTURE FEATURES MANY UPDATES INCLUDING REMODELED UNITS AND METAL ROOF. THIS STRUCTURE COULD EASILY BE CONVERTED BACK INTO A RESIDENCE. ALL FURNISHINGS AND

Matthew Corey Williams Carpenter Realtors

599 N Elm St, West Baden Springs, IN 47469
/27
$320,000
- 5 Beds
- 4 Baths
5713 Bluff Rd, Indianapolis, IN 46217

Prime cash-flowing quadplex located in Perry Township on Indy's quiet southside, offering two freestanding buildings-one triplex and one standalone unit. Three of the four units are currently rented, providing steady income with room to grow. Unit A is a 2-bedroom that was last rented for $1,135 and could be increased to $1,150-$1,200. Unit B is a 1-bedroom rented at $760 through 10/31/25, Unit C

Max Moore @properties

5713 Bluff Rd, Indianapolis, IN 46217
/20
$280,000
- 6 Beds
- 4 Baths
2413 Guilford Ave, Indianapolis, IN 46205

Don't miss this prime investment opportunity located just steps from the Monon Trail and minutes from Downtown Indianapolis! This duplex offers excellent rental potential with two spacious units, ideal for owner-occupants or investors looking to expand their portfolio. Features include: * Convenient location near downtown, the Monon Trail, and local amenities * Income-producing potential with two

Guadalupe Penaloza GO Real Estate Services, LLC

2413 Guilford Ave, Indianapolis, IN 46205

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