Fairgrounds Multifamily Homes & Duplexes for Sale

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$235,000
- 2 Beds
- 2 Baths
4843 Caroline Ave, Indianapolis, IN 46205

This Broad Ripple duplex could be a great opportunity for investors or owner-occupants looking to live in one unit and rent out the other! Total annual rent income is $26,268, and both tenants stay current on their rent. Each side features a 1-bedroom, 1-bathroom layout with cozy and fresh living spaces, plus each unit has a private backyard and their own bay in a 2-car garage. Updates on each

Elizabeth Ewbank Highgarden Real Estate

4843 Caroline Ave, Indianapolis, IN 46205
/10
$230,000
- 4 Beds
- 2 Baths
4305 Crittenden Ave, Indianapolis, IN 46205

Here's your opportunity to expand your portfolio with this remarkable duplex located in the highly sought-after SoBro neighborhood! The area is bustling with investment, making this a prime time to secure a property in this thriving community. The duplex is currently generating income with tenants on a month-to-month lease, paying $1,900/month, with potential market rent at $2,200/month. Recent

Andy Tresize Compass Indiana, LLC

4305 Crittenden Ave, Indianapolis, IN 46205
/6
$205,000
- 6 Beds
- 2 Baths
4303 Norwaldo Ave, Indianapolis, IN 46205

Here's your opportunity to expand your portfolio with this remarkable duplex located in the highly sought-after SoBro neighborhood! The area is bustling with investment, making this a prime time to secure a property in this thriving community. The duplex is currently generating income with tenants on a month-to-month lease, paying $1,950/month, with potential market rent at $2,860/month.

Andy Tresize Compass Indiana, LLC

4303 Norwaldo Ave, Indianapolis, IN 46205
/7
$210,000
- 4 Beds
- 2 Baths
2026 Clay St, Indianapolis, IN 46205

Here's your opportunity to expand your portfolio with this remarkable duplex located in the highly sought-after SoBro neighborhood! The area is bustling with investment, making this a prime time to secure a property in this thriving community. The duplex is currently generating income with tenants on a month-to-month lease, paying $1,750/month, with estimated market rent at $2,420/month. The

Andy Tresize Compass Indiana, LLC

2026 Clay St, Indianapolis, IN 46205

Indiana Indianapolis Fairgrounds

Why Live in Fairgrounds

The Fairgrounds neighborhood in Indianapolis is anchored by the historic Indiana State Fairgrounds, a hub of activity since 1892. This area is increasingly influenced by its proximity to the trendy Broad Ripple neighborhood, offering a more affordable living option while still benefiting from the vibrant atmosphere. The housing stock primarily consists of 80-year-old bungalows, cottages, and ranches, with a growing number of new custom builds revitalizing the area. Local businesses like Black Circle Music Bar and GoldLeaf Savory & Sweet contribute to the neighborhood's lively scene, offering diverse entertainment and dining options. The annual Indiana State Fair draws over 830,000 visitors, bringing temporary traffic and noise to the southern part of the neighborhood, though residents can conveniently walk to the events. The Indiana Farmers Coliseum hosts various sports events, adding to the area's attractions. While the local schools have moderate ratings, the neighborhood offers access to Arsenal Park, featuring a splash pad, skatepark, and basketball court, as well as the Monon Trail for outdoor activities. Public transportation is accessible via IndyGo bus routes, and the neighborhood's central location allows for easy car travel to Broad Ripple and downtown Indianapolis within 15 minutes. Recent changes include the departure of the Indiana School of the Deaf and the end of auto racing at the Fairgrounds, reflecting the neighborhood's evolving character.

Learn more about living in Fairgrounds

Home Trends in Fairgrounds, IN

On average, homes in Fairgrounds, Indianapolis sell after 42 days on the market compared to the national average of 51 days. The median sale price for homes in Fairgrounds, Indianapolis over the last 12 months is $235,750, up 8% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$235,750

Median Single Family Sale Price

$236,500

Average Price Per Sq Ft

$202

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

2.20

Median List Price

$239,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

How to Buy a Home How to Finance a Home How to Sell a Home

In Fairgrounds, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $205,000 to $235,000, there's something for every budget. As of July, 2025 the median home price in Fairgrounds, Indianapolis is $239,000, while the average sale price is $230,538, providing insight into local market trends. On average, multi-family homes spend 42 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Fairgrounds, Indianapolis.

Fairgrounds Types of Homes for Sale

Fairgrounds Homes for Sale

More About Living in Fairgrounds

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