Indianapolis, IN Multifamily Homes & Duplexes for Sale

• 

  

  

  /23

  $579,000

  • 6 Beds

  1521 S East St, Indianapolis, IN 46225

  Welcome to this beautifully updated duplex (1521-1523 S East St.) in one of Indianapolis' hottest neighborhoods - Bates-Hendricks. Each unit features 3 spacious bedrooms and 2.5 modern bathrooms, offering the perfect blend of historic charm and contemporary comfort. Every inch of this property has been thoughtfully renovated, from the stylish kitchens with new appliances and custom finishes to

  Oumar Bah Bah Realty Trust

  1521 S East St, Indianapolis, IN 46225
• 

  

  

  /23

  $155,000

  • 2 Beds
  • 2 Baths

  1849 E Minnesota St, Indianapolis, IN 46203

  Fully rented and cash-flowing, this 1 bed, 1 bath duplex presents an excellent opportunity for both investors and owner-occupants. Currently generating $1,525/month in gross rental income, there's clear upside potential-market rents are projected at $1,000-$1200/month per unit. With boths units on a month-to-month lease, there's flexibility to raise rents or renovate. Each unit is separately

  Tyler Lingle @properties

  1849 E Minnesota St, Indianapolis, IN 46203
• 

  

  

  /22

  $165,000

  • 4 Beds
  • 2 Baths

  1129 N Pershing Ave, Indianapolis, IN 46222

  Both units require some tender loving care (TLC), making this an excellent opportunity for an investor or someone looking to earn extra monthly income. The adjacent lot is also included in the sale

  Braulio Moreno F.C. Tucker Company

  1129 N Pershing Ave, Indianapolis, IN 46222
• 

  

  

  /85

  $749,800

  • 6 Beds
  • 6 Baths

  2051 Columbia Ave, Indianapolis, IN 46202

  Urban living at its finest. Brand new construction a few blocks off the Monon with all the modern amenities and no HOA in this duplex! Open concept living on the main with a chef's kitchen, perfect for entertaining and tons of storage. Separate flex space that could be used as an office. Main floor also has a spacious mudroom and half bath. Master suite with vaulted ceilings, walk-in closet, and

  Benjamin Claghorn United Real Estate Indpls

  2051 Columbia Ave, Indianapolis, IN 46202
• 

  

  

  /27

  $325,000

  • 6 Beds
  • 2 Baths

  38 N Irvington Ave, Indianapolis, IN 46219

  Located in the ever popular Irvington neighborhood on Indy's east side. This multi-family residence is currently leased through next year with repeat tenants on both sides. The generous two stories provides ample space for comfortable living. Three bedrooms and the convenience of an updated kitchen and an in house laundry room adds a practical touch to this amazing duplex. The fenced backyard

  Lee Bailey @properties

  38 N Irvington Ave, Indianapolis, IN 46219
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  /32

  $335,000

  • 1 Bed
  • 1 Bath

  3614 E Washington St, Indianapolis, IN 46201

  Turnkey 6-unit multifamily opportunity on Washington Street! This well-maintained property offers six studio-style units with strong in-place rents and solid tenants. Current monthly gross rent is $4,207, with three units rented at $680/mo, one at $340 every two weeks ($737/mo), one at $300 every two weeks ($650/mo), and one at $180/week (~$780/mo), totaling $50,484/year. Owner pays all utilities

  Tasheana Hanza Hanza Realty, LLC

  3614 E Washington St, Indianapolis, IN 46201
• 

  

  /36

  $305,000

  • 1 Bed
  • 1 Bath

  37 Parkview Ave, Indianapolis, IN 46201

  Incredible 5-unit multifamily opportunity in Parkview, a fast-growing area surrounded by new construction and investment activity. This studio-style property offers strong cash flow potential with two units currently occupied-one rented at $750/month and another at $340 every two weeks (~$737/month). The remaining three units are available, with two actively marketed at $750/month and one

  Tasheana Hanza Hanza Realty, LLC

  37 Parkview Ave, Indianapolis, IN 46201
• 

  

  /28

  $169,000

  • 4 Beds
  • 2 Baths

  4710 E Michigan St, Indianapolis, IN 46201

  Turnkey Duplex Investment Opportunity. Ideal for investors or owner-occupants, this duplex offers immediate cash flow and long-term value. Listed at $189,000, it qualifies for the 1% rule with potential rental income of $1,900/month when both sides are leased at $950/month. The 4712 unit is currently rented at $950/month, providing stable income, while 4710 is vacant and move-in ready-perfect for

  Dana Holt Keller Williams Indpls Metro N

  4710 E Michigan St, Indianapolis, IN 46201
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  /3

  $140,000

  • 6 Beds
  • 2 Baths

  2868 Highland Place, Indianapolis, IN 46208

  Investment opportunity in the Crown Hill area! This 2-story duplex offers two 3 bedroom, 1 bath units, ideal for long-term rental income. Layout includes living room, dining room, and kitchen. Featuring bay windows in the primary bedrooms, a built in bookcase and large picture window in the dining room and a large unfinished basement for additional storage. Situated on a .12-acre lot with a

  Jocelyn Deal eXp Realty LLC

  2868 Highland Place, Indianapolis, IN 46208
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  /3

  $125,000

  • 4 Beds
  • 2 Baths

  306 S Temple Ave, Indianapolis, IN 46201

  Investment opportunity in the Christian Park area! This 2-story duplex offers two 2 bedroom, 1 bath units, ideal for long-term rental income. Layout includes living room, dining room, kitchen, and main floor laundry room. Situated on a .14-acre lot with a large backyard, this property is just minutes from downtown Indianapolis, I-70, I-65, several parks, and local shopping this property is

  Jocelyn Deal eXp Realty LLC

  306 S Temple Ave, Indianapolis, IN 46201
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  /65

  $1,450,000

  • 5 Beds
  • 5 Baths

  3959 Central Ave, Indianapolis, IN 46205

  Extraordinary live/work opportunity in Meridian Kessler! Rarely do unique properties like this come available in this sought-after space, and this one is impressive. This three-story building with a finished lower level offers both residential and commercial uses. A special use variance allows for many commercial opportunities - a full list is included in the attachments. The main level

  Matt McLaughlin F.C. Tucker Company

  3959 Central Ave, Indianapolis, IN 46205
• 

  

  /20

  $349,000

  • 6 Beds
  • 2 Baths

  4409 N College Ave, Indianapolis, IN 46205

  Wonderful duplex in the center of South Broad Ripple! Each side features 3 bedrooms and 1.5 bathrooms, with quality finishes and fixtures throughout. Ideally located with convenient access to Broad Ripple, downtown Indianapolis, and Butler University. Enjoy the outdoor backyard space on each side of the duplex with a privacy fence. Live in one unit and let the other help cover your expenses or

  Daniel Fisher @properties

  4409 N College Ave, Indianapolis, IN 46205
• 

  

  /10

  $172,900

  • 6 Beds
  • 4 Baths

  2913 Boulevard Place, Indianapolis, IN 46208

  Reduced! Seller says sell, make us an offer. Fully leased Duplex in up and coming area w/ 3 BR's & 2 BA's/1216 sq ft per side(+/-) is ready for new owners. Bringing in $1705 in rents per month(2913-$910 thru 8/31/2025, 2915-$795 thru 2/28/2026), both Section 8. Alley access parking. 2 furnaces/2 water heaters. Property appears to have been a 4 plex at one time and may be able to be converted

  Jason Williamson RE/MAX Advanced Realty

  2913 Boulevard Place, Indianapolis, IN 46208
• 

  

  /17

  $465,000

  • 4 Beds
  • 2 Baths

  2623 Guilford Ave, Indianapolis, IN 46205

  Rare opportunity to own a fully renovated, income-generating duplex in the heart of downtown Indianapolis-with dependable tenants already in place. This low-maintenance property delivers immediate cash flow and is a smart fit for both first-time buyers and seasoned investors alike. Each unit comes fully furnished and features modern kitchens with updated appliances, stylish finishes, and

  Denis O'Brien Keller Williams Indy Metro S

  2623 Guilford Ave, Indianapolis, IN 46205
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  /18

  $159,000

  • 2 Beds
  • 2 Baths

  1444 N Denny St, Indianapolis, IN 46201

  Great Investment Opportunity. Immediate income. Both units are leased with long term tenants. Both units are Updated. 1 Bedroom, 1 Bath with basement that has a laundry area. In a good area. Easy access to interstate, shopping and eateries.

  Hilda Ellis Berkshire Hathaway Home

  1444 N Denny St, Indianapolis, IN 46201
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  /36

  $725,000

  • 8 Beds
  • 4 Baths

  59 W Fall Creek Parkway Dr S, Indianapolis, IN 46208

  Nestled along the scenic Fall Creek Parkway, this exceptional multi-family property presents a rare opportunity for investors seeking quality rental units in one of Indianapolis's most desirable neighborhoods. This charming property features four well-maintained units, each offering comfortable 2-bedroom, 1-bathroom layouts that appeal to a wide range of potential tenants. Say goodbye to tenant

  Jamie Suchotzky Red Hot, REALTORS LLC

  59 W Fall Creek Parkway Dr S, Indianapolis, IN 46208
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  /57

  $700,000

  • 8 Beds
  • 4 Baths

  55 W Fall Creek Parkway Dr S, Indianapolis, IN 46208

  Welcome to this outstanding multi-family property nestled in one of Indianapolis'most desirable neighborhoods. This gem features four thoughtfully designed units, each offering comfortable two-bedroom, one-bathroom layouts perfect for residents seeking convenience and quality living. Situated in a vibrant community, this property enjoys proximity to numerous local amenities that tenants will

  Jamie Suchotzky Red Hot, REALTORS LLC

  55 W Fall Creek Parkway Dr S, Indianapolis, IN 46208
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  /30

  $240,000

  • 4 Beds
  • 4 Baths

  1538 N Grant Ave, Indianapolis, IN 46201

  NEW PRICE on this Investment Opportunity - 4-Unit Section 8 Property in Glass Works Subdivision, Indianapolis (46201) Discover a strong cash-flowing opportunity with 4-unit multifamily property located in the revitalized Glass Works subdivision of Indianapolis. Each of the four units is Section 8 approved, providing reliable, government-backed rental income with long-term tenant stability.

  Deborah Argenta Keller Williams Indpls Metro N

  1538 N Grant Ave, Indianapolis, IN 46201
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  /43

  $649,000

  • 5 Beds
  • 3 Baths

  1631 Columbia Ave, Indianapolis, IN 46202

  Kennedy King Triplex! This property was gut renovated in 2022 and is a perfect live-in investment or cashflowing addition to your portfolio. Rent out the the other two units and live in the third or run your short term rental business. Walkable to the Monon Trail, Greek's Pizzeria, Provider, Tinker Street, and Foundry Provisions. Income and expenses are from 2024. Current unit rents are prorata

  Cory Gardner Gardner Property Group

  1631 Columbia Ave, Indianapolis, IN 46202
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  /30

  $350,000

  • 4 Beds
  • 4 Baths

  38 Hendricks Place, Indianapolis, IN 46201

  Great Investment Opportunity Near Eastside Downtown Indianapolis! Don't miss this fantastic duplex just minutes from downtown. Each side features 2 bedrooms and 2 bathrooms making it ideal for an owner-occupant looking to live in one unit and rent the other, or for an investor seeking strong cash flow with dual rental income. One side is currently tenant-occupied, generating $1,500 per month in

  Lorie Blythe The Stewart Home Group

  38 Hendricks Place, Indianapolis, IN 46201
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  /40

  $324,900

  • 6 Beds
  • 3 Baths

  307 N Arlington Ave, Indianapolis, IN 46219

  Welcome to 307-309 N Arlington Ave! This spacious and charming Irvington duplex offers an incredible investment opportunity with tons of original character and strong rental appeal. Fully occupied and spaciously appointed, the property features two large units: Main Level Unit 307: A sprawling 1,755 sq ft layout with 3 bedrooms and 2 full baths, this unit boasts wide hallways, high ceilings, a

  Nino Berticelli eXp Realty, LLC

  307 N Arlington Ave, Indianapolis, IN 46219
• 

  

  /6

  $114,900

  • 4 Beds
  • 2 Baths

  1844 E Minnesota St, Indianapolis, IN 46203

  Investors great potential! Each unit is 2 bedrooms, 1 bath with shared backyard and covered front porch. Property sold as-is, utilities are off.

  Kelly Wood RE/MAX At The Crossing

  1844 E Minnesota St, Indianapolis, IN 46203
• 

  

  /12

  $190,000

  • 4 Beds
  • 4 Baths

  401 Wallace Ave, Indianapolis, IN 46201

  NEW PRICE on this Excellent investment opportunity in Irvington Park! This cash-flowing duplex features two 2 bed, 1 bath units-both currently occupied. Each unit offers spacious living areas and updated mechanicals. Easy access to downtown and public transit. Whether you're looking to expand your portfolio or begin your real estate investment journey, this property delivers immediate income

  Deborah Argenta Keller Williams Indpls Metro N

  401 Wallace Ave, Indianapolis, IN 46201
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  /43

  $389,000

  • 4 Beds

  10016 E Troy Ave, Indianapolis, IN 46239

  Large Private Duplex on Wooded Acre Lot. Both 10010 & 10016 units are 2 bedrooms, 1.5 baths, walkout basements, hardwood floors with attached 2 car and 1 car garages. Entire property freshly painted inside and out. All NEW WINDOWS throughout both units. 10016 side has new LR & basement flooring, updated bathroom, large primary bedroom and finished walk out basement. 10010 side has new updated

  J.D. Holly Assist-2-Sell

  10016 E Troy Ave, Indianapolis, IN 46239
• 

  

  /11

  $409,000

  • 5 Beds
  • 4 Baths

  1135 Tecumseh St, Indianapolis, IN 46201

  Are you looking for a sound & stable Quadruplex property as an investment property on the near East side of Indianapolis and close to Brookside Park? Then you'll definitely want to check this one out. Very well maintained multi-unit property includes 2 parcels, fully fenced back and side yard, 5 parking spots in rear, 4 parking spots in front, and a 2-story detached garage with electric that

  Lisa Fischer Fischer Realty, LLC

  1135 Tecumseh St, Indianapolis, IN 46201
• 

  

  /24

  $230,000

  • 6 Beds

  3502 N Kenwood Ave, Indianapolis, IN 46208

  A great addition or start to your portfolio! This 3 bedroom, 1.5 bathroom (on each side) duplex sits in the heart of Crown Hill. Updated roof, mechanicals, flooring, paint, kitchens, and windows. Walking distance to the Children's Museum and close proximate to major neighborhood renovation projects. Easy access to I-65! Tenants in both sides.

  Alex Montagano eXp Realty LLC

  3502 N Kenwood Ave, Indianapolis, IN 46208
• 

  

  /11

  $550,000

  • 4 Beds
  • 2 Baths

  2349 N Capitol Ave, Indianapolis, IN 46208

  Looking for a spacious, stylish, income producing property? Look no further! This beautifully maintained duplex has it all with the location to match. 4bedrooms and 2 baths in unit 1, 3beds and 2 baths in unit 2.

  Summer Black Black Realty Company

  2349 N Capitol Ave, Indianapolis, IN 46208
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  /58

  $284,900

  • 4 Beds
  • 4 Baths

  323 N Gladstone Ave, Indianapolis, IN 46201

  Renovated duplex in the heart of Indianapolis, perfect for investors seeking a multi-family property. Each of the two spacious 2-story units features 2 bedrooms and 2 bathrooms, with new flooring, fresh paint, and updated kitchens and bathrooms throughout. The third-floor attic offers additional space for storage or future finishing, while the unfinished basement adds even more flexibility. A

  Jocelyn Deal eXp Realty LLC

  323 N Gladstone Ave, Indianapolis, IN 46201
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  /27

  $75,000

  • 2 Beds
  • 1 Bath

  2226 W Mccarty St, Indianapolis, IN 46221

  Welcome to 2226 W McCarty St, a vacant duplex located in a growing area of Indianapolis just minutes from downtown. This property is ideal for investors or savvy buyers looking for a value-add opportunity. With both units recently vacated, this duplex is a blank canvas ready for renovation and long-term income potential. Each unit offers its own entrance and layout, making it perfect for a

  Devan Lunceford Totalis Real Estate Solutions

  2226 W Mccarty St, Indianapolis, IN 46221
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  /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
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  /32

  $149,900

  • 2 Beds
  • 2 Baths

  315 S Rural St, Indianapolis, IN 46201

  Charming Cash-Flow Duplex - Your Ticket to Landlord Stardom! Picture this: a cozy, single-level duplex that's practically winking at you with investment potential! Nestled in the Near Eastside neighborhood, this quirky gem boasts two mirror-image units, each with 1 bedroom, 1 bathroom, and enough charm to make even the grumpiest cat purr. Each unit has its very own full basement, complete with

  Marybeth Cambre Ferris Property Group

  315 S Rural St, Indianapolis, IN 46201
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  /24

  $295,000

  • 2 Beds
  • 1 Bath

  639 N Hamilton Ave, Indianapolis, IN 46201

  Beautiful duplex in Saint Clair Place. Total rehab as of 2020. Many updates.

  Derek Eisenberg Continental Real Estate Group

  639 N Hamilton Ave, Indianapolis, IN 46201
• 

  

  /27

  $225,000

  • 6 Beds
  • 2 Baths

  653 Birch Ave, Indianapolis, IN 46221

  Attention Investors! Don't miss this fantastic opportunity to own a fully occupied duplex located on the desirable Near Westside of Indianapolis, minutes from the Indianapolis Zoo and vibrant downtown Indy. This 3 bedroom, 1 bath duplex features attractive flooring, washer and dryer hookups, and comes equipped with a refrigerator and stove. Situated in a welcoming neighborhood, this property

  Edwin Watson Triple E Realty, LLC

  653 Birch Ave, Indianapolis, IN 46221
• 

  

  /12

  $298,000

  • 8 Beds
  • 1 Bath

  3837 Carrollton Ave, Indianapolis, IN 46205

  Subject has hardwood floors throughout that need refurbishing, 2 fireplaces , one in each unit Seller motivate. Previous Estate property. One heir lives in 3837 side, 3839 side vacant due to plumbing issues

  Lennie Frierson Frierson's, LLC

  3837 Carrollton Ave, Indianapolis, IN 46205
• 

  

  /24

  $700,000

  • 8 Beds
  • 4 Baths

  3818 Central Ave, Indianapolis, IN 46205

  This STR portfolio is comprised of four properties totaling 16 rentable units. This is a quadplex with 4 units. Current ownership has demonstrated strong short-term income potential. Near downtown locations and boutique finishes drive high occupancy and opportunities for increased revenue with a combination of STR and MTR. Conversion to townhomes/condos or LTR as well as development of included

  Cory Gardner Gardner Property Group

  3818 Central Ave, Indianapolis, IN 46205
• 

  

  /31

  $725,000

  • 5 Beds
  • 4 Baths

  2407 N Capitol Ave, Indianapolis, IN 46208

  This STR portfolio is comprised of four properties totaling 16 rentable units. This is a quadplex with 4 units. Current ownership has demonstrated strong short-term income potential. Near downtown locations and boutique finishes drive high occupancy and opportunities for increased revenue with a combination of STR and MTR. Conversion to townhomes/condos or LTR as well as development of included

  Cory Gardner Gardner Property Group

  2407 N Capitol Ave, Indianapolis, IN 46208
• 

  

  /23

  $1,025,000

  • 10 Beds
  • 6 Baths

  1728 N Delaware St, Indianapolis, IN 46202

  This STR portfolio is comprised of four properties totaling 16 rentable units. This is a quadplex with four units. Current ownership has demonstrated strong short-term income potential. Near downtown locations and boutique finishes drive high occupancy and opportunities for increased revenue with a combination of STR and MTR. Conversion to townhomes/condos or LTR as well as development of

  Cory Gardner Gardner Property Group

  1728 N Delaware St, Indianapolis, IN 46202
• 

  

  /19

  $325,000

  • 4 Beds
  • 4 Baths

  6102 Brookville Rd, Indianapolis, IN 46219

  This unique four-unit investment property features three separate buildings: a studio, a 1-bedroom unit, and a duplex. With 2 of 4 units already rented through Section 8, you'll benefit from consistent rental income from day one. Recent updates include new flooring and some plumbing improvements. Tenants enjoy convenient parking and a central location with easy access to local amenities. Whether

  Alex Montagano eXp Realty LLC

  6102 Brookville Rd, Indianapolis, IN 46219
• 

  

  /78

  $399,000

  • 8 Beds
  • 4 Baths

  1033 N Dearborn St, Indianapolis, IN 46201

  Don't miss this great investment opportunity! This updated quadruplex features improvements throughout, including modernized kitchens and bathrooms with fresh paint. Each unit offers great rental potential. With just a few finishing touches, this property is ready to shine. Perfect for investors or owner-occupants looking to build equity.

  Eli Skinner Key Realty Indiana

  1033 N Dearborn St, Indianapolis, IN 46201
• 

  

  /34

  $290,000

  • 4 Beds
  • 4 Baths

  2609 E Troy Ave, Indianapolis, IN 46203

  Cash flowing duplex located minutes from Downtown, Fountain Square, Beech Grove, and the Southside! Totally remodeled in 2023. Updated plumbing and electrical. New roof on house and garage in 2022. New garage doors 2022. Kitchen refrigerator and electric range on both sides. Basement windows new in 2023, along with basement bedrooms and bathrooms. Flooring, tile, vanity, basement bedrooms,

  Sam Kingdon Key Realty Indiana

  2609 E Troy Ave, Indianapolis, IN 46203

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