Fountain Square Multifamily Homes & Duplexes for Sale

/63
$675,000
- 2 Beds
- 2 Baths
1651 Spann Ave, Indianapolis, IN 46203

Incredible House Hack Opportunity - Fully Renovated 3-Unit Property! Live in style while generating rental income from two additional units! This beautifully updated property features a total of three separate living spaces: Main House: 2-bedroom, 2.5-bath with high-end finishes throughout. Enjoy a stunning quartz kitchen, top-of-the-line appliances, and a spa-like retreat in the primary

Leyton Wellbaum

Highgarden Real Estate

(317) 648-7871

1651 Spann Ave, Indianapolis, IN 46203
/26
$580,000
- 4 Beds
- 4 Baths
934 Calvary St, Indianapolis, IN 46203

Welcome to 932-934 Calvary St, a fully updated duplex offering flexibility, convenience, and strong income potential. Each side of this property has been thoughtfully improved with new kitchens, including cabinetry, countertops, and stainless steel appliances, plus updated bathrooms, lighting, paint, and flooring throughout. The layouts provide practical living spaces that suit a variety of

Blake Settles Ever Real Estate, LLC

934 Calvary St, Indianapolis, IN 46203
/36
$279,900
- 4 Beds
- 3 Baths
2116 Prospect St, Indianapolis, IN 46203

Triplex in fountain square with off street parking. Separated entries and a shared outdoor space. Units are all metered separately except for water. All units have in-unit laundry, new appliances, receding lights, updated bathrooms, updated kitchens, baseboard heat and window ac. Total rental income: $2,875 monthly. Upstairs unit has potential to create a loft/extra living space in the attic.

Katie Berg Compass Indiana, LLC

2116 Prospect St, Indianapolis, IN 46203
/14
$229,900
- 6 Beds
- 4 Baths
1802 Woodlawn Ave, Indianapolis, IN 46203

Welcome to this promising investment property located centrally in the vibrant city of Indianapolis, Indiana. Situated in a prime location, this multi-family 4 unit property offers an excellent opportunity for investors seeking steady rental income and future appreciation potential.This property enjoys easy access to downtown amenities, universities, employment centers, and transportation routes,

Kurt Clements Diverse Property Solutions Ind

1802 Woodlawn Ave, Indianapolis, IN 46203
/5
$139,900
- 4 Beds
- 2 Baths
1141 Dawson St, Indianapolis, IN 46203

Property is currently rented but the property is in disrepair and needs many updates. Duplex but could be converted into a single family home. Lots of renovation in the neighborhood which is near Fountain Square. Bring your tools and start making money. The rent prices do not reflect the current rents in the neighborhood. Lots of upside!

Kip Kistler Doc Real Estate, Inc

1141 Dawson St, Indianapolis, IN 46203
/49
$719,000
- 4 Beds
1622 Prospect St, Indianapolis, IN 46203

Discover a remarkable investment opportunity in the heart of Fountain Square! This fully remodeled double showcases two 1,975 sq ft units (3,940 total sq ft for duplex), featuring 2 bedrooms and 2.5 full baths. Move-in ready, the home boasts a spacious kitchen with a large center island. Each unit has a dedicated garage space. Featuring low-maintenance living within walking distance to an array

Mark Branch Highgarden Real Estate

1622 Prospect St, Indianapolis, IN 46203
/28
$337,000
- 4 Beds
- 2 Baths
1701 Woodlawn Ave, Indianapolis, IN 46203

Explore this attractively priced duplex in vibrant Fountain Square, just minutes from Downtown Indianapolis. Ideal for entrepreneurs, it offers a unique opportunity to use the top unit as an office while residing in or renting out the other. This property has a strong rental history, providing consistent income with its dual-unit setup. Each unit features modern kitchens, spacious living

Alexandria Hyche Dix Realty Group

1701 Woodlawn Ave, Indianapolis, IN 46203

Indiana Indianapolis Fountain Square

Why Live in Fountain Square

Fountain Square in Indianapolis is a vibrant neighborhood known for its local, independent businesses and diverse dining options. Virginia Avenue is a highlight, featuring international cuisines such as Siam Square for Thai food and Harmony Tea Shoppe for bubble tea. Residents can enjoy coffee from Bovaconti Coffee, which uses beans from Indiana roasters, or relax at Nine Lives Cat Café. The area offers a mix of early 20th-century homes, including bungalows, Minimal Traditional, American Foursquare, Colonial Revival, and Tudor styles, with prices ranging from $185,000 to $460,000. The neighborhood has a moderate crime risk typical for an urban area. Fountain Square provides green spaces like the Pleasant Run Trail, ideal for walking, running, or biking along the scenic Pleasant Run creek. The neighborhood's accessibility is enhanced by its proximity to Interstates 65 and 70 and the Indianapolis Cultural Trail, which offers a bike-friendly route to downtown. Cultural venues such as Hi-Fi, Radio Radio, and White Rabbit Cabaret contribute to the area's rich arts scene, while the Murphy Arts Center hosts local artists and events.

Learn more about living in Fountain Square

Home Trends in Fountain Square, IN

On average, homes in Fountain Square, Indianapolis sell after 67 days on the market compared to the national average of 51 days. The median sale price for homes in Fountain Square, Indianapolis over the last 12 months is $316,000, consistent with the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$316,000

Median Single Family Sale Price

$337,500

Median Townhouse Sale Price

$340,000

Average Price Per Sq Ft

$195

Number of Homes for Sale

Last 12 months Home Sales

155

Months of Supply

6.40

Median List Price

$350,000

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 Fountain Square, there are currently 7 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $139,900 to $719,000, there's something for every budget. As of July, 2025 the median home price in Fountain Square, Indianapolis is $350,000, while the average sale price is $337,974, providing insight into local market trends. On average, multi-family homes spend 67 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 Fountain Square, Indianapolis.

Fountain Square Types of Homes for Sale

Fountain Square Real Estate Listings

Fountain Square New Construction Homes

More About Living in Fountain Square

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