Indianapolis, IN Multifamily Homes & Duplexes for Sale

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  /56

  $179,900

  • 6 Beds
  • 2 Baths

  3214 & 3216 N Capitol Ave, Indianapolis, IN 46208

  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 income-producing units with a little bit of rehab. 3 bedrooms and 1 bath on both sides. This property is part of a 15-property portfolio and can be bought individually or as part of the package.

  

  James Abner

  eXp Realty, LLC

  (317) 743-3621

  3214 & 3216 N Capitol Ave, Indianapolis, IN 46208
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  Explore Indianapolis

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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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  /21

  $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 main home with in-law quarters, pool, pole barn, and several income-producing opportunities. The main

  

  Janet Giles

  Your Realty Link, LLC

  (765) 268-5769

  6795 W 21st St, Indianapolis, IN 46214
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  /16

  $149,900

  • 11 Beds
  • 9 Baths

  1602 E Minnesota St, Indianapolis, IN 46203

  4-unit property and 2-bedroom single family home all on 1 lot. Unit 4 is occupied. All 5 units were occupied, and each tenant was paying $1,000 per month. The 2-bedroom single family home has separate furnace and air-conditioner. The 4-unit building has 2 furnaces for the 4 units Owner pays for the gas, electric and water. Great investment opportunity.

  

  Timothy O'Connor

  Berkshire Hathaway Home

  (463) 223-4024

  1602 E Minnesota St, Indianapolis, IN 46203
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  /20

  $287,500

  • 4 Beds
  • 3 Baths

  552 Jefferson Ave, Indianapolis, IN 46201

  Turnkey Duplex Near Downtown Indianapolis - Newly Remodeled & Fully Occupied Excellent investment opportunity just minutes from downtown Indianapolis! This fully remodeled duplex offers modern updates and strong rental income. Renovated in 2019, the property features a brand-new roof, updated mechanicals, and stylish interior finishes throughout both units. Unit 1: Spacious 3 bedrooms, 2

  

  Jessica Green

  CityPlace Realty

  (317) 548-0088

  552 Jefferson Ave, Indianapolis, IN 46201
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  /43

  $330,000

  • 6 Beds

  321 E 31st St, Indianapolis, IN 46205

  Located in the Mapleton Neighborhood! Welcome to your dream duplex! This beautifully maintained turnkey Duplex property is the perfect property for an investment. From the moment you walk in, you'll be impressed by the thoughtful design, fresh finishes, and immaculate condition-there's nothing to do but move in and start living!

  

  Timothy O'Connor

  Berkshire Hathaway Home

  (317) 648-0374

  321 E 31st St, Indianapolis, IN 46205
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  /30

  $175,000

  • 3 Beds
  • 2 Baths

  415 Harlan St, Indianapolis, IN 46201

  Fountain Square - Christian Park turnkey duplex. Can also function as a single-family home with separate in-law quarters. Both units are vacant & move-in ready. 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, rebuilt

  Catherine Keen United Real Estate Indpls

  415 Harlan St, Indianapolis, IN 46201
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  /43

  $225,000

  • 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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  /43

  $479,000

  • 9 Beds
  • 1 Bath

  961 Woodruff Place Dr W, Indianapolis, IN 46201

  Grand 1910 Tudor Revival Duplex in Historic Woodruff Place One of the largest duplexes in Woodruff Place is ready for its next stewards! This stunning 1910 Tudor Revival residence offers a rare opportunity to own a piece of Indianapolis history in one of the city's most charming and sought-after neighborhoods. Nestled among mature trees and the iconic esplanades of Woodruff Place-complete

  Debbie Pidgeon United Real Estate Indpls

  961 Woodruff Place Dr W, Indianapolis, IN 46201
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  /39

  $280,000

  • 5 Beds
  • 2 Baths

  1049 S Tremont St, Indianapolis, IN 46221

  Turnkey duplex just five minutes from downtown Indianapolis, a perfect opportunity for investors or house hackers alike! This fully renovated property features two updated units: a 2-bedroom, 1-bath unit and a 3-bedroom, 1-bath unit, both with separate entrances, spacious layouts, and modern finishes. Each side is move-in ready and ideal for generating immediate rental income. Whether you choose

  Jayson Velasquez Triple E Realty, LLC

  1049 S Tremont St, Indianapolis, IN 46221
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  /25

  $139,500

  • 2 Beds
  • 2 Baths

  4310 E Michigan St, Indianapolis, IN 46201

  Investor Special! Fully leased duplex-an excellent opportunity for cash flow from day one. This turnkey property meets the 1% rule, making it a great fit for buy-and-hold investors. Tenants already in place, professionally managed, and ready for new ownership. Don't miss this low-maintenance addition to your portfolio!

  Anthony Jackson-Moses Tip Top Realty, LLC

  4310 E Michigan St, Indianapolis, IN 46201
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  /33

  $150,000

  • 4 Beds
  • 2 Baths

  22 Wallace Ave, Indianapolis, IN 46201

  Great duplex for investors or an owner occupied buyer. One unit is currently occupied by a tenant, providing immediate cash flow, while the other unit is vacant and move-in ready, ideal for a new owner or to lease at market rent. Each side offers 2 bedrooms and 1 bathroom with spacious layouts, separate entrances and 1 car detached garage for each unit. Home is conveniently located, minutes away

  Evona Watson Triple E Realty, LLC

  22 Wallace Ave, Indianapolis, IN 46201
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  /16

  $295,000

  • 5 Beds
  • 3 Baths

  2606 W Washington St, Indianapolis, IN 46222

  Great property in a revitalized neighborhood. Could be three income producing units or turn into primary residence. Store front opportunity on main level with a 3 bedroom apartment rental upstairs and a 1 bedroom rental in the back of the property. Three units that could generate income. Solid property with updates needed! Investors alert! Possible renovations with great upside. Property is

  Michael Price RE/MAX Centerstone

  2606 W Washington St, Indianapolis, IN 46222
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  /18

  $205,000 Open Thu 12PM - 2PM

  • 5 Beds
  • 2 Baths

  2429 Wade St, Indianapolis, IN 46203

  All brick duplex located minutes from downtown Indy and I-65. The first unit is a 2 bed, 1 bath with a spacious kitchen and living room. LVP flooring. Private vinyl fenced yard and a shared driveway. The 2nd unit just had a full renovation. The 2nd unit has 3 bedrooms, a private driveway, and a 2-car garage. The kitchen has all new cabinets, countertops, and appliances to include a washer &

  Hellena Robinett CENTURY 21 Scheetz

  2429 Wade St, Indianapolis, IN 46203
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  /34

  $600,000

  • 6 Beds

  1629/1631 Carrollton Ave, Indianapolis, IN 46202

  A rare opportunity to own a fully furnished, income-generating duplex in the heart of Indianapolis' premier Kennedy-King neighborhood. This professionally managed property features two spacious units, each currently operating as highly profitable short-term rentals with outstanding occupancy rates. Each unit offers three bedrooms and two and a half bathrooms, fully appointed kitchens, and

  Allison Steck Compass Indiana, LLC

  1629/1631 Carrollton Ave, Indianapolis, IN 46202
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  /15

  $170,000

  • 2 Beds
  • 1 Bath

  3412 S Oxford St, Indianapolis, IN 46237

  This brick duplex presents a great investment opportunity. Both units include some updates. The partially fenced backyard offers a private retreat, a space for recreation, gardening, or simply unwinding in the open air. With 1664 square feet of living area across a single story, this 1966-built duplex holds the promise of lasting value. Two bedrooms and one bathroom on each side. Both units

  Kathryn Richardson Carpenter Hills O'Brown

  3412 S Oxford St, Indianapolis, IN 46237
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  /15

  $225,000

  • 6 Beds

  943 N Dearborn St, Indianapolis, IN 46201

  This fully remodeled duplex at 941-943 North Dearborn presents a strong investment opportunity in a desirable and growing area of Indianapolis. Each side of the property features 3 bedrooms and 1.5 bathrooms, making it ideal for long-term tenants or an owner-occupant. The 941 unit is currently leased at $1,500 per month through August 2026, providing immediate, stable rental income. The 943 unit

  Jacob Deacon eXp Realty, LLC

  943 N Dearborn St, Indianapolis, IN 46201
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  /5

  $400,000

  • 1 Bed
  • 1 Bath

  1547 N Grant Ave, Indianapolis, IN 46201

  Great property for savvy investor with 4 units. All units have been remodeled and are currently occupied by consistent long term section 8 tenants. This property currently generates $5,920 in monthly revenue.

  Chas Schaffernoth F.C. Tucker Company

  1547 N Grant Ave, Indianapolis, IN 46201
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  /3

  $224,900

  • 2 Beds
  • 1 Bath

  627 Wallace Ave, Indianapolis, IN 46201

  Opportunity Time! Emerson Heights Duplex. Tall Ceilings on first floor, large trim boards, 2 Bedroom each side, 625 has 1Bath, 627 has 1.5 bath. Prime location, easy access to shopping, interstates, downtown. Investment property or primary residence, your choice. Off street parking. Home has Bee windows and vinyl siding. Will need some updating and repair. Bring your creative mind.

  Joseph Defusco DeFusco Realty and Property Se

  627 Wallace Ave, Indianapolis, IN 46201
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  /4

  $550,000

  • 5 Beds
  • 2 Baths

  2625 E North St, Indianapolis, IN 46201

  Great quad-plex property for investor. 4 units with 3 rented as of today. 2 front units have 4 BR's each. 2 back units are studio units with kitchens. Great rent - currently getting $6,900 per month with additional with 4th unit rented. See list agent for access or additional information.

  Chas Schaffernoth F.C. Tucker Company

  2625 E North St, Indianapolis, IN 46201
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  /11

  $165,000

  • 2 Beds
  • 1 Bath

  1263 W 32nd St, Indianapolis, IN 46208

  STOP! Look at this well-maintained brick duplex it offers an excellent investment opportunity with long-term potential. Each side of the property features 2 bedrooms and 1 full bathroom, providing functional layouts and consistent rental appeal. One unit is currently vacant-perfect for owner-occupants or investors looking to show, renovate, or rent at market rates. With durable construction,

  Ernest Hanohano-Pastushin F.C. Tucker Company

  1263 W 32nd St, Indianapolis, IN 46208
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  /25

  $210,000

  • 5 Beds
  • 2 Baths

  1221 N Rural St, Indianapolis, IN 46201

  Welcome to Brookside! A Solid Investment Opportunity in an up and coming area! This two-story duplex contains 2564 total square feet, providing ample room for comfortable living and creative design. Newer appliances, light fixtures, water heaters, privacy fence for each unit, new garage roof and more! Situated on a spacious lot, this property provides a possibility for various outdoor activities.

  Aubrey Walters eXp Realty, LLC

  1221 N Rural St, Indianapolis, IN 46201
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  /45

  $750,000

  • 3 Beds

  213 E 15th St, Indianapolis, IN 46202

  Large 6BR/7BA DUPLEX in the heart of the Old Northside Neighborhood. This property is in great condition, offering a harmonious blend of victorian era charm with modern custom convenience. The living room offers a large inviting space that flows into the open kitchen enhanced by a large kitchen island. Living space includes custom crown molding and the bathrooms are designed for comfort and

  Joel Mathews @properties

  213 E 15th St, Indianapolis, IN 46202
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  /13

  $150,000

  • 1 Bed
  • 1 Bath

  34 N Layman Ave, Indianapolis, IN 46219

  Investor special! Check out this diamond in the rough in the true heart of Irvington. This home is currently set up as a Tri-plex but can be converted into a large single family home, or an awesome house hackers dream duplex. This home is currently gutted down to the studs just waiting for the right person to bring it back to life. Please bring a flash light and closed toe shoes to any showings

  Barry Hines Realty Wealth Advisors

  34 N Layman Ave, Indianapolis, IN 46219
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  /31

  $164,900

  • 4 Beds
  • 2 Baths

  913 N Drexel Ave, Indianapolis, IN 46201

  Nestled at 913-915 N Drexel Avenue in Indianapolis, Indiana, this income producing Emerson Heights duplex stands ready to welcome you. Recent upgrades includes new wood plank flooring and a shower surround in the 915 side, a new sewer line that was installed from the basement to the street in 2021, and various other updates and upgrades in the 913 side in 2021 and 2022. The property offers a

  Michael Carter RE/MAX Advanced Realty

  913 N Drexel Ave, Indianapolis, IN 46201
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  /45

  $189,000

  • 4 Beds
  • 2 Baths

  1666 S Talbott St, Indianapolis, IN 46225

  Cashflowing duplex + vacant lot is included in the price! Check out this 2 bed 1 bath per side duplex with one side vacant, newly updated and available for owner occupied buyers and second side with a 4 year long tenant that pays $975 per month with lease expiration on 3/31/2026. Occupied side to be shown only with an accepted offer. Vacant side can be viewed anytime. Tenants pay for utilities.

  Mihir Bhimaraju Real Broker, LLC

  1666 S Talbott St, Indianapolis, IN 46225
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  /15

  $144,500

  • 6 Beds
  • 2 Baths

  312 N Grant Ave, Indianapolis, IN 46201

  This is a traditional 2 story double built in 1910 that has had some updates completed at some point with a prior owner dividing each side to be have new legal descriptions as 2 separate units as 50% ownership as condo owners for each side but this Whole building is being sold together like a double without the units being offered as separate properties. Each side has a nice sized LR, DR,

  Jackie Lovell New Quantum Realty Group

  312 N Grant Ave, Indianapolis, IN 46201
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  /41

  $499,900

  • 8 Beds
  • 6 Baths

  59 N Audubon Rd, Indianapolis, IN 46219

  Welcome to 59 N Audubon, a rare and massive duplex located in the heart of historic Irvington-right on the circle and just steps from local favorites like Jockamo Upper Crust Pizza, SNUG Irish Pub, and Starbucks. This unbeatable location blends vibrant community living with timeless charm, surrounded by some of the most stunning historic architecture Indy has to offer. Each side of this

  Trent Kiester @properties

  59 N Audubon Rd, Indianapolis, IN 46219
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  /18

  $290,000

  • 6 Beds
  • 2 Baths

  1036 Churchman Ave, Indianapolis, IN 46203

  Excellent investment opportunity in Fountain Square! 3 bedrooms, 1 bath per side! 1 side vacant and with recent updates including fresh paint and new upper level flooring. Leased side at $1150/month. Walk to Fountain Square shops, eateries, and more. Several updates in 1036 exterior paint, refreshed kitchen and baths, new lighting, fully fenced in backyard and more. All appliances included!

  Molly Hadley F.C. Tucker Company

  1036 Churchman Ave, Indianapolis, IN 46203
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  /23

  $219,999

  • 3 Beds

  3114 N Capitol Ave, Indianapolis, IN 46208

  Great potential in this 2 unit Residential Row House. The previous owner converted this single family home into 2 units. Unit 1 is 3114 N Capitol and includes the first and second levels. Unit 2 is 3116 N Capitol and is the basement. The basement was previously finished, but has now been gutted down to the studs due to water intrustion issues. This will make an excellent investment or single

  Daniel Witte Witte Realty Group LLC

  3114 N Capitol Ave, Indianapolis, IN 46208
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  /88

  $543,000

  • 5 Beds

  606 N Emerson Ave, Indianapolis, IN 46219

  Rebuilt duplex is high end. Not a flip! This duplex has two units with optional adjoining doors. One two bedroom and one three bedroom. Kitchens are central and part of larger rooms with living rooms effectively a great room on each side. Home(s) come fully furnished as seen in the pictures and has a perfect 5 star rating on Air BNB and VRBO as "Meet us in Indy." Selling due to personal reasons.

  Joshua Vida Paradigm Realty Solutions

  606 N Emerson Ave, Indianapolis, IN 46219
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  /26

  $284,900

  • 6 Beds

  21 N Tacoma Ave, Indianapolis, IN 46201

  Phenomenal duplex opportunity! Both units have been completed flipped & updated in recent years. Each unit gets $1155/month & has a solid history of consistently renting out. Rent both sides out & make some great cash flow or live in one unit, house-hack, & have the other side pay your mortgage! The choice is yours. Area continues to attract new people, flipped homes, development & is only

  Alexander Elston United Real Estate Indpls

  21 N Tacoma Ave, Indianapolis, IN 46201
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  /31

  $170,000

  • 2 Beds
  • 2 Baths

  626 N Oxford St, Indianapolis, IN 46201

  Turnkey duplex in a rapidly growing area-perfect for investors! This all-brick property features two well-maintained 1 bed, 1 bath units with durable LVP flooring and fresh paint throughout. Both units are currently occupied by long-term tenants, offering immediate cash flow from day one. Oh... and did we mention that the current unit rents meet the "one percent" rule at the current asking price?

  Ryan Rominger Trueblood Real Estate

  626 N Oxford St, Indianapolis, IN 46201
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  /36

  $204,900

  • 5 Beds
  • 2 Baths

  1133 S Richland St, Indianapolis, IN 46221

  Cash-Flowing Duplex Near Downtown Indianapolis Don't miss this rare opportunity to own a well-maintained 5-bedroom duplex on the Near West Side just minutes from downtown! Whether you're an investor or an owner-occupant, live in one unit and rent the other for income and upside in a fast-growing market. Each unit offers over 1,000 square feet of living space: 1135 S Richland: A fully renovated

  Mariah Hernandez Triple E Realty, LLC

  1133 S Richland St, Indianapolis, IN 46221
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  /8

  $475,000

  • 3 Beds
  • 2 Baths

  43 N Randolph St, Indianapolis, IN 46201

  Positioned in the heart of the rapidly redeveloping Arsenal Heights neighborhood, this ready to built duplex offers a rare chance to secure a modern, turnkey asset in one of downtown Indy's highest-demand rental corridors. Arsenal Heights is benefiting from significant revitalization and spillover growth from nearby Fountain Square, Mass Ave, and downtown's core employers. This submarket

  Ed Neu Neu Real Estate Group

  43 N Randolph St, Indianapolis, IN 46201
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  /47

  $370,000

  • 5 Beds
  • 3 Baths

  4074 Boulevard Place, Indianapolis, IN 46208

  ATTENTION: Investors, Butler Alumni, House Hackers, and savvy buyers alike -don't miss this fully remodeled, turnkey vacant duplex just minutes from Butler University and surrounded by some of Indy's best local restaurants and spots including Hoagies & Hops, Twisted Wings, and Tarkington Park! This turnkey opportunity features a stunning renovation from top to bottom, including a brand-new roof,

  Morgan Thompson Berkley & State, LLC

  4074 Boulevard Place, Indianapolis, IN 46208
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  /8

  $425,000

  • 3 Beds
  • 2 Baths

  1717 Ingram St, Indianapolis, IN 46218

  Modern New Construction Duplex in Martindale-Brightwood | Investment or House Hack Opportunity! Discover this brand-new duplex located in the rapidly revitalizing Martindale-Brightwood neighborhood - one of Indianapolis' most exciting up-and-coming areas for homeowners and investors alike! This thoughtfully designed new build offers two spacious units, each featuring 3 bedrooms and 2 full

  Ed Neu Neu Real Estate Group

  1717 Ingram St, Indianapolis, IN 46218
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  /10

  $425,000

  • 3 Beds
  • 2 Baths

  1706 Ingram St, Indianapolis, IN 46218

  Modern New Construction Duplex in Martindale-Brightwood | Investment or House Hack Opportunity! Discover this brand-new duplex located in the rapidly revitalizing Martindale-Brightwood neighborhood - one of Indianapolis' most exciting up-and-coming areas for homeowners and investors alike! This thoughtfully designed new build offers two spacious units, each featuring 3 bedrooms and 2 full

  Ed Neu Neu Real Estate Group

  1706 Ingram St, Indianapolis, IN 46218
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  /9

  $425,000

  • 3 Beds
  • 2 Baths

  1631 Montcalm St, Indianapolis, IN 46202

  Turnkey New Construction Duplex in Riverside - Strong Cash Flow & Upside Unit Mix: (2) 3 bed / 2 bath; Projected Monthly Rent: $1,818 (3x2) / $3,636 Gross Monthly Total Units: 2 Step into this new construction duplex in the revitalizing Riverside neighborhood, one of Indianapolis' fastest-growing corridors for residential and mixed-use development. This turnkey asset is designed for strong

  Ed Neu Neu Real Estate Group

  1631 Montcalm St, Indianapolis, IN 46202
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  /12

  $425,000

  • 6 Beds

  1315 Union St, Indianapolis, IN 46225

  This fully remodeled duplex features two spacious units, each offering 3 bedrooms, 2.5 baths, and 1,650 square feet of living space. Both sides include modern finishes, updated systems, and thoughtful layouts ideal for long-term tenants. The property is currently bringing in $2,700 per month in combined rent, with room to increase as market rents in the area continue to rise. Located near

  Olga Bliuc-Haggard New Quantum Realty Group

  1315 Union St, Indianapolis, IN 46225

Showing Results 1 - 40, Page 1 of 5

Why Live in Indianapolis

Indianapolis combines premier cultural attractions with affordable living costs. The Indianapolis Cultural Trail connects visitors to destinations like the Children's Museum of Indianapolis, the largest children's museum globally, and the prestigious Indianapolis Motor Speedway Museum. Nature lovers frequent Eagle Creek Park, one of America's largest municipal parks, along with the scenic Canal Walk for paddling and cycling. The dining scene features iconic establishments like St. Elmo Steak House, known for its fiery shrimp cocktail, and creative farm-to-table spots like Bluebeard.

The housing market presents diverse options across price points. The median sale price for homes in Indianapolis is $250,000. Single family homes in desirable areas like Meridian Kessler command a median price of $480,000, while more affordable options exist in Irvington with a median of $243,500. Broad Ripple, known for its arts scene, has a median single family home price of $350,000. Condominiums provide another option, with one bedroom units at a median of $207,000 and two bedrooms at $205,000.

Indianapolis maintains a cost of living 10.9% below the national average. A family with school age children needs approximately $95,000 annually to live comfortably, while renters require about $52,000. Property taxes stand at 0.93% in Marion County, lower than many major cities. The state income tax rate is 3.00% with an additional 2.02% local income tax for Marion County residents.

The education system includes excellent options like Park Tudor School and Cathedral High School, both rated A+ by Niche. Major universities include Butler University and Indiana University Purdue University Indianapolis. The city's grid layout and Interstate 465 beltway facilitate easy navigation, while the IndyGo bus system and Red Line provide public transit options.

Learn more about living in Indianapolis

Home Trends in Indianapolis, IN

On average, homes in Indianapolis, IN sell after 57 days on the market compared to the national average of 70 days. The median sale price for homes in Indianapolis, IN over the last 12 months is $310,250, down 2% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$310,250

Median Single Family Sale Price

$326,990

Median Townhouse Sale Price

$292,990

Median 2 Bedroom Sale Price

$199,000

Median 1 Bedroom Sale Price

$240,000

Average Price Per Sq Ft

$174

Number of Homes for Sale

201

Last 12 months Home Sales

2,780

Months of Supply

0.90

Median List Price

$330,000

Median Change From 1st List Price

3%

Median Home Sale Price YoY Change

-2%