Indianapolis, IN Multifamily Homes & Duplexes for Sale

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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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  Explore Indianapolis

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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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  /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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  /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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  /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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  /5

  $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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  /26

  $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

  • 2 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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  /25

  $339,999

  • 6 Beds
  • 4 Baths

  2304 S Keystone Ave, Indianapolis, IN 46203

  Welcome to 2304 S. Keystone Ave., a beautifully remodeled duplex located in the heart of Indianapolis, Indiana. This exceptional property features two spacious units, each boasting three bedrooms and two modern bathrooms, making it ideal for both investors and owner-occupants. Step inside to discover a stylish interior with contemporary updates throughout. The kitchens are equipped with sleek

  Tyler Angel Keller Williams Indy Metro S

  2304 S Keystone Ave, Indianapolis, IN 46203
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  /30

  $149,900

  • 6 Beds
  • 2 Baths

  914 N Oakland Ave, Indianapolis, IN 46201

  A great investment opportunity awaits you in East Indianapolis. This duplex has separate front and back entries, a covered porch, a rear deck, and a large backyard. Each unit features 3 Bedrooms, 1 full Bathroom, a Great Room, and more. Strong potential with lots of upside. Stop by today!

  Chris Price Keller Williams Indy Metro S

  914 N Oakland Ave, 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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  /16

  $155,000

  • 4 Beds
  • 2 Baths

  2521 Southeastern Ave, Indianapolis, IN 46201

  Spacious 2 bedroom 1 bath duplex located on the East side of Indianapolis, a short 5 minute drive to Downtown Indianapolis. This home comes with a spacious living room, a designated dining room area and a kitchen that comes with a gas stove and refrigerator. Outside this home a covered front patio and a backyard for outdoor activities. Come see everything this home has to offer in person! This

  Edwin Watson Triple E Realty, LLC

  2521 Southeastern Ave, Indianapolis, IN 46201
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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
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  /12

  $210,000

  • 4 Beds
  • 2 Baths

  626 N Euclid Ave, Indianapolis, IN 46201

  This duplex features two spacious 2-bedroom, 1-bath units, each offering 1,145 square feet of living space. Fully rehabbed in 2019, both sides include updated finishes and tenant-friendly layouts. The property currently brings in $1,800 per month in total rent. Located near downtown Indianapolis with convenient access to amenities, this is a strong cash-flowing asset with low upkeep.

  Olga Bliuc-Haggard New Quantum Realty Group

  626 N Euclid Ave, Indianapolis, IN 46201
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  /43

  $525,000

  • 4 Beds
  • 4 Baths

  312 N College Ave, Indianapolis, IN 46202

  Discover this charming and well-maintained duplex in the heart of downtown Indianapolis. Each side offers 2 bedrooms and 1.5 updated baths, with fresh interior and exterior paint throughout. The home features original hardwood floors, soaring ceilings, and spacious living and dining rooms filled with character. Enjoy the convenience of off-street parking and the very best walkable lifestyle-just

  Tom McNulty McNulty Real Estate Services,

  312 N College Ave, Indianapolis, IN 46202
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  /9

  $250,000

  • 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

  914 N Tuxedo St, Indianapolis, IN 46201

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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 56 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 $312,000, down 1% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$312,000

Median Single Family Sale Price

$330,000

Median Townhouse Sale Price

$294,990

Median 2 Bedroom Sale Price

$210,500

Median 1 Bedroom Sale Price

$235,000

Average Price Per Sq Ft

$174

Number of Homes for Sale

250

Last 12 months Home Sales

2,795

Months of Supply

1.10

Median List Price

$334,900

Median Change From 1st List Price

3%

Median Home Sale Price YoY Change

-1%