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Indianapolis, IN Multifamily Homes & Duplexes for Sale

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  • /31

    $433,333

    $17K PRICE DROP
    • 6 Beds
    • 1 Bath

    1743 S Meridian St, Indianapolis, IN 46225

    Situated at 1743 S Meridian ST, INDIANAPOLIS, IN, USA, this FURNISHED distinguished triplex residence presents itself in great condition, offering an attractive property that invites exploration. The heart of this residence features a meticulously appointed culinary space, where a generously sized kitchen island provides an ideal surface for both preparation and casual gatherings, beautifully

    Agent Photo

    Nathaniel Cromlich

    CENTURY 21 Scheetz

    (463) 252-3449

    1743 S Meridian St, Indianapolis, IN 46225
  • /20

    $134,999

    $10K PRICE DROP
    • 2 Beds
    • 2 Baths

    1713 N Rural St, Indianapolis, IN 46218

    A charming duplex with loads of updates! Each unit provides ample space featuring a living room, eat-in kitchen, laundry/utility room, bedroom, full bath and closets galore! Newer roof, windows and flooring throughout. All kitchen appliances to stay! Large backyard for all your entertaining needs.

    Agent Photo

    Aubrey Walters

    eXp Realty, LLC

    (317) 961-8307

    1713 N Rural St, Indianapolis, IN 46218
  • /2

    $145,000

    • 4 Beds
    • 2 Baths

    3026 Jackson St, Indianapolis, IN 46222

    Investor alert! Duplex opportunity on the growing west side of Indianapolis, just minutes from downtown and within the west side revitalization corridor. Both units were updated in 2019 with new carpet, floating floors, and fresh paint, and feature electric HVAC systems installed in 2025. Separate entrances, straightforward layouts, and individually metered electric keep operations simple.

    Agent Photo

    Timothy Birky

    F.C. Tucker Company

    (463) 283-7341

    3026 Jackson St, Indianapolis, IN 46222
  • /19

    $380,000

    $39K PRICE DROP
    • 2 Beds
    • 2 Baths

    3852 N Pennsylvania St, Indianapolis, IN 46205

    REDUCED! Meridian-Kessler two-way facing double for ultimate privacy of tenants. Driveways on each side. 2 story - 2 beds plus 1.5 baths on each side. Kitchen with lots of cabinets, formal dining in each unit (plus den which could be 3rd bedroom on first floor) living room on main plus two beds up. Hardwoods? - Of course! Basement? - Yes! Tenants would like to stay as they have been there for

    Agent Photo

    Janet Giles

    Your Realty Link, LLC

    (463) 238-3708

    3852 N Pennsylvania St, Indianapolis, IN 46205
  • /38

    $259,000

    $47K PRICE DROP
    • 4 Beds
    • 3 Baths

    1312 N Dearborn St, Indianapolis, IN 46201

    Investor/House Hack Opportunity - 1312 & 1314 N Dearborn St Recently updated duplex offering two vacant units and immediate flexibility for investors or owner-occupants. Both units have been improved in 2025 and have not been previously occupied since updates were completed. Unit Details 1312: 2 bed / 1 bath 1314: 2 bed / 1.5 bath Projected rents total approximately $2,721/month ($32,652

    Agent Photo

    Dana Rivers

    Resolute Realty

    (317) 973-6497

    1312 N Dearborn St, Indianapolis, IN 46201
  • /25

    $299,999

    • 6 Beds

    1306 W 30th St, Indianapolis, IN 46208

    Fully renovated turnkey duplex producing $3,683/month in approved rents! Major updates include new roof, new mechanicals, new windows, granite countertops, tile bathrooms, tall 42-inch cabinets, new flooring, and modern finishes throughout. With $44,196/year in scheduled gross rent, this property offers strong cash flow and reduced near-term maintenance for the next investor. Landlord-paid

    Aaron Gourdouze Redfin Corporation

    1306 W 30th St, Indianapolis, IN 46208
  • /15

    $189,999

    $20K PRICE DROP
    • 4 Beds
    • 2 Baths

    40 N Lasalle St, Indianapolis, IN 46201

    Welcome to 40 N Lasalle, where this charming duplex awaits you! This is the perfect opportunity to invest in the future and secure your financial freedom. This property is the definition of the phrase, "two for the price of one," as it features two spacious units, each with two bedrooms, one bathroom, and ample living space. both units are occupoied. this property is versatile and sure to meet

    Christine Saleeb Trueblood Real Estate

    40 N Lasalle St, Indianapolis, IN 46201
  • /20

    $280,000

    $20K PRICE DROP
    • 6 Beds
    • 4 Baths

    2413 Guilford Ave, Indianapolis, IN 46205

    Don't miss this prime investment opportunity located just steps from the Monon Trail and minutes from Downtown Indianapolis! This duplex offers excellent rental potential with two spacious units, ideal for owner-occupants or investors looking to expand their portfolio. Features include: * Convenient location near downtown, the Monon Trail, and local amenities * Income-producing potential with two

    Guadalupe Penaloza GO Real Estate Services, LLC

    2413 Guilford Ave, Indianapolis, IN 46205
  • /10

    $450,000

    • 4 Beds
    • 4 Baths

    717 S Randolph St, Indianapolis, IN 46203

    Experience a turnkey investment opportunity of a renovated duplex on the east side of the desirable Fountain Square neighborhood. This is a standout 4.8-star review high performing mid-term airbnb located less than a mile from the center of Fountain Square's vibrant area with popular restaurants, cafes, and local shopping. Completely renovated a few years back, each side of the duplex is a

    Lisa Phillips Compass Indiana, LLC

    717 S Randolph St, Indianapolis, IN 46203
  • /21

    $130,000

    $10K PRICE DROP
    • 4 Beds
    • 2 Baths

    409 N Centennial St, Indianapolis, IN 46222

    INVESTOR SPECIAL!!! The newest cash flowing duplex just hit the market. Each side is equipped with 2 bedrooms, dining room, and laundry hookups. Updated flooring lets new tenant move right in. On the other side, long term tenants give you peace of mind. Tenants right apply; please do not disturb tenants if passing by. With one side vacant, this give any buyer the opportunity to live in one side

    Ali Rahimi Trueblood Real Estate

    409 N Centennial St, Indianapolis, IN 46222
  • /55

    $360,000

    $5K PRICE DROP
    • 3 Beds
    • 2 Baths

    17 Parkview Ave, Indianapolis, IN 46201

    Calling all investors and house hackers! This duplex on a single parcel is an incredible opportunity to build wealth while enjoying flexible living options. Whether you choose to live in one unit and let the other help offset your expenses, or lease both sides for strong income potential, this property offers versatility that is hard to find. Each side provides its own living space, making it

    Ashley Marino Berkshire Hathaway HomeServices

    17 Parkview Ave, Indianapolis, IN 46201
  • /4

    $124,900

    $45K PRICE DROP
    • 1 Bed
    • 1 Bath

    767 N Elder Ave, Indianapolis, IN 46222

    Great investment opportunity at 767-769 N Elder Ave. This property is a fantastic opportunity for an investor or buyer looking to renovate and make it their own. The sale also includes the adjacent vacant lot at 763 N Elder Avenue, providing additional possibilities for expansion, development, or added outdoor space. Property is being sold as-is.

    Jasmine Tracy BHB Real Estate Group

    767 N Elder Ave, Indianapolis, IN 46222
  • /27

    $209,900

    • 4 Beds
    • 2 Baths

    1338 Norton Ave, Indianapolis, IN 46227

    Investor Alert! Cash flowing duplex available now! Each unit has 2 bedrooms and 1 full bathroom. LVP flooring throughout. Valued tenants in each unit on month to month lease terms. Convenient location, close to University of Indianapolis. Property has a spacious side yard and a storage shed. Walkthrough video available upon request. Please reach out to the listing agent. Seller prefers to not

    Brooke Haston Keller Williams Indy Metro S

    1338 Norton Ave, Indianapolis, IN 46227
  • /4

    $475,000

    New Construction
    • 6 Beds

    4237 Evanston Ave, Indianapolis, IN 46205

    Proposed New Construction Duplex | Nickel Plate Village Introducing a brand-new Duplex investment opportunity in the highly desirable Fairgrounds neighborhood. Each unit features a spacious 3-bedroom, 2-bath layout, ranging from 1250 to 1374 square feet, offering modern design, open living spaces, and quality craftsmanship throughout. With projected rents of $1,900 per unit, this property

    Zachary Douglas Canull Group LLC

    4237 Evanston Ave, Indianapolis, IN 46205
  • /15

    $67,500

    $18K PRICE DROP
    • 2 Beds
    • 1 Bath

    3918 N Grand Ave, Indianapolis, IN 46226

    Duplex for sale. Cleaned up after fire, but still needs work. Both units are vacant. Projected rents are 850-900 per month.

    Tim Catton Neu Real Estate Group

    3918 N Grand Ave, Indianapolis, IN 46226
  • /27

    $399,900

    • 4 Beds
    • 3 Baths

    5139 E 79th St, Indianapolis, IN 46250

    What a great duplex! Each side has two bedrooms, one bath, one car garage, separate entrance, a three-season room and covered porch. Property to the west has been completely update approximately 3 years ago. Rents are as follows: west side is $1,575 (leased through October, 2026) and east side which is now vacant but last leased for $1,300.

    Alice Steppe Real Broker, LLC

    5139 E 79th St, Indianapolis, IN 46250
  • /57

    $529,800

    • 3 Beds
    • 2 Baths

    1119 S Randolph St, Indianapolis, IN 46203

    Rare opportunity to purchase two furnished, income-producing mid-term rental properties preferably sold as a pair in one of Indy's most convenient near-downtown locations. Located at 1119 and 1123 S Randolph St, these two neighboring homes share a backyard and have been successfully utilized as furnished rent-by-the-room stays, primarily serving healthcare professionals and traveling tenants

    Kyle Hoffman @properties

    1119 S Randolph St, Indianapolis, IN 46203
  • /13

    $100,000

    909 N Ewing St, Indianapolis, IN 46201

    Two doors. One century-old craftsman that's been quietly holding down the near-eastside since 1920. The exterior says everything a seasoned investor needs to hear - covered porch, decorative trim columns, and dual-entry configuration. Both units are believed to mirror each other in layout. Interior access is currently being coordinated - locks are being changed and showings will be scheduled once

    Kevin Ochs eXp Realty LLC

    909 N Ewing St, Indianapolis, IN 46201
  • /15

    $184,000

    • 4 Beds
    • 2 Baths

    6203 E 12th St, Indianapolis, IN 46219

    Calling all investors! Don't miss this excellent opportunity to add to your portfolio with this 2 bedroom, 1 bath duplex located on the east side. Convenient storage shed in the backyard and parking available up front. With strong income potential, this property is a great addition for both new and seasoned investors.

    Edwin Watson Triple E Realty, LLC

    6203 E 12th St, Indianapolis, IN 46219
  • /15

    $145,000

    $5K PRICE DROP
    • 2 Beds
    • 2 Baths

    251 S Dearborn St, Indianapolis, IN 46201

    Welcome to this recently renovated 1 bed, 1 bath duplex just minutes from Mass Ave, Downtown, and Fountain Square! Enjoy a refreshed kitchen and bathroom, fresh paint throughout, and a prime location close to some of the city's best dining and entertainment. All units are fully occupied with tenants in good standing. To limit tenant disturbance, there will be no in-person showings without an

    Ryan Rominger Trueblood Real Estate

    251 S Dearborn St, Indianapolis, IN 46201
  • /32

    $194,900

    $10K PRICE DROP
    • 2 Beds
    • 1 Bath

    6131 E 13th St, Indianapolis, IN 46219

    Discover a unique opportunity at 6131 & 6133 E 13th ST in INDIANAPOLIS, IN. This inviting, ready-to-move-in duplex, built in 1969, offers 1714 square feet of comfortable living across two separate, 2 bed 1 bath units. Living is easy in this single story home, presenting a blend of practicality and potential. Each unit features a charming brick exterior, a dedicated laundry room off the kitchen,

    Isabella Frazier Trelora Realty

    6131 E 13th St, Indianapolis, IN 46219
  • /20

    $309,900

    • 6 Beds
    • 1 Bath

    3251 Broadway St, Indianapolis, IN 46205

    This classic Indianapolis duplex offers strong upside with solid bones, original character, and plenty of potential for additional value-add improvements. Featuring 9-foot ceilings, original hardwood floors, and a true wood-burning fireplace, the property still retains much of its historic charm. Seller has completed substantial updates over the years, including flooring and various interior

    Mamadou Gueye Trueblood Real Estate

    3251 Broadway St, Indianapolis, IN 46205
  • /35

    $420,000

    New Construction Open Thu 4PM - 6PM
    • 3 Beds
    • 2 Baths

    2030 E Maryland St, Indianapolis, IN 46201

    Built in 2025 and already leased, this modern duplex offers a strong opportunity for investors looking for a low-maintenance addition to their portfolio or future owner-occupants interested in a house-hacking strategy. Each unit features 3 bedrooms, 2 full bathrooms, and approximately 1,250 sq. ft., with an open-concept kitchen and living area designed for today's renters. The interior showcases

    Lidia Casimiro Murrieta Keller Williams Indy Metro NE

    2030 E Maryland St, Indianapolis, IN 46201
  • /27

    $215,000

    • 6 Beds

    3502 - 3504 N Kenwood Ave, Indianapolis, IN 46208

    Take note: 3502 N Kenwood Avenue is a classic Indianapolis duplex offering an immediate entry point into one of the city's most active rental corridors. Located just north of the expanding downtown core, Indiana University-Indianapolis, Butler, Ivy Tech, the Children's Museum, and the $4.3 billion IU Health medical campus expansion there will be no shortage of rental interest! While currently

    Krystal Maldonado eXp Realty LLC

    3502 - 3504 N Kenwood Ave, Indianapolis, IN 46208
  • /21

    $430,000

    • 4 Beds
    • 2 Baths

    2421 N Capitol Ave, Indianapolis, IN 46208

    Fully Renovated Duplex Near Ivy Tech - Turnkey Investment or Owner-Occupant Opportunity! Beautifully updated duplex located in a rapidly developing area just minutes from Ivy Tech Community College and a short drive to Downtown Indianapolis. Each side offers a spacious 4 bedrooms and 2 full bathrooms, creating strong rental appeal and flexible living options. Both units have been newly renovated

    Ely Berger The Modglin Group

    2421 N Capitol Ave, Indianapolis, IN 46208
  • /8

    $205,000

    • 6 Beds
    • 4 Baths

    301 E Southern Ave, Indianapolis, IN 46225

    Don't miss this exceptional duplex located in the highly desirable Garfield Park area! With significant investment and revitalization efforts underway, this is a prime opportunity to secure a property in a flourishing neighborhood. Perfect for a first-time homebuyer that wants to use a renovation loan to buy and renovate, or an newer investor that could live on one side and rent the other side

    Andy Tresize Compass Indiana, LLC

    301 E Southern Ave, Indianapolis, IN 46225
  • /4

    $50,000

    $25K PRICE DROP
    • 1 Bed
    • 1 Bath

    2938 E Michigan St, Indianapolis, IN 46201

    Located at 2938 E Michigan St in Indianapolis, this duplex presents a prime value-add opportunity for investors or experienced rehabbers. The property has sustained fire damage mainly on the right side and is being sold as-is, offering a blank slate for a full renovation. With strong rental demand in the area and proximity to downtown Indianapolis, this property has excellent upside potential

    Ely Berger The Modglin Group

    2938 E Michigan St, Indianapolis, IN 46201
  • /39

    $319,900

    • 6 Beds
    • 3 Baths

    307 N Arlington Ave, Indianapolis, IN 46219

    Consistent performing, spacious duplex with all the conveniences your tenants want! Main Level Unit 307: A sprawling 1,755 sq ft layout with 3 bedrooms and 2 full baths, this unit boasts a proper primary suite, wide hallways, high ceilings, a welcoming foyer, and an oversized living room-perfect for comfortable living and entertaining. Upper Unit 309: At 1,620 sq ft, this 3 bed / 1 bath unit

    Nino Berticelli eXp Realty, LLC

    307 N Arlington Ave, Indianapolis, IN 46219
  • /5

    $350,000

    • 1 Bed
    • 1 Bath

    1921 N Lasalle St, Indianapolis, IN 46218

    Turn Key Quadplex Investment Opportunity at 1921-1923 LaSalle Street, Indianapolis Attention serious investors seeking immediate cash flow and long term stability. This fully occupied quadruplex presents a rare opportunity to acquire a high performing, fully renovated asset with dependable income, strong tenant demand, and minimal deferred maintenance. The property currently generates 4,138

    Chris Jenkins La Terre Boutique

    1921 N Lasalle St, Indianapolis, IN 46218
  • /19

    $335,000

    $10K PRICE DROP
    • 6 Beds
    • 2 Baths

    267 Hendricks Place, Indianapolis, IN 46201

    Turnkey, income-producing opportunity at 267 Hendricks! This fully renovated duplex is currently tenant-occupied, offering immediate cash flow from day one. Each unit features 3 bedrooms, 1 full bath, and a full basement, providing spacious layouts and added storage. Recent updates minimize maintenance, making this a solid addition to any investment portfolio. Whether you're expanding your

    Jayson Velasquez Triple E Realty, LLC

    267 Hendricks Place, Indianapolis, IN 46201
  • /10

    $139,900

    • 2 Beds
    • 1 Bath

    946 W 26th St, Indianapolis, IN 46208

    Nice duplex two bedrooms each side. One bedroom one bedroom down. Galley kitchen. There are currently tenants in both sides. Tenants are on month-to-month status. Parking behind the property or on the street. Owners made lots of improvements last couple years. Please do not disturb tenants. Showings will only be done after a purchase agreement has been accepted, with the caveat subject to viewing

    Michael Wyatt Advisors Commercial Real Estate

    946 W 26th St, Indianapolis, IN 46208
  • /13

    $209,999

    $15K PRICE DROP
    • 2 Beds
    • 1 Bath

    2207 N Bolton Ave, Indianapolis, IN 46218

    Charming Single-Story Duplex with Income Potential This well-maintained single-story duplex offers the perfect opportunity for both homeowners and investors! With two spacious 2-bedroom, 1-bathroom units, it's ideal for anyone looking to live in one unit and cash flow the other, or even cash flow both sides for a great rental income. Each side of the duplex features: - 2 cozy bedrooms with ample

    Thomas Johnson Gold Street Realty, LLC

    2207 N Bolton Ave, Indianapolis, IN 46218
  • /8

    $65,000

    • 4 Beds
    • 2 Baths

    437 N Gray St, Indianapolis, IN 46201

    Latasha Lee F.C. Tucker Company

    437 N Gray St, Indianapolis, IN 46201
  • /14

    $385,000

    $10K PRICE DROP
    • 3 Beds
    • 1 Bath

    247 S Emerson Ave, Indianapolis, IN 46219

    Located at 247-249 S Emerson AVE, INDIANAPOLIS, IN, this duplex offers a unique opportunity within the vibrant landscape of Indianapolis. This property provides a foundation for comfortable living and offers an appealing prospect for those seeking a residence with distinct possibilities. This duplex presents a canvas for creating a home that reflects your individual style and aspirations. Seize

    Rafael Ayala eXp Realty, LLC

    247 S Emerson Ave, Indianapolis, IN 46219
  • /13

    $315,000

    • 7 Beds
    • 4 Baths

    945 W 28th St, Indianapolis, IN 46208

    Don't miss this fully updated duplex at 945-947 W 28th St, Indianapolis, IN 46208, offered together as one sale. Unit 945 features 4 bedrooms and 2 bathrooms, and Unit 947 offers 3 bedrooms and 2 bathrooms, making this an excellent opportunity for investors or owner-occupants seeking flexible living and strong rental potential. Both units have been recently renovated with modern upgrades

    Ely Berger The Modglin Group

    945 W 28th St, Indianapolis, IN 46208
  • /21

    $225,000

    $25K PRICE DROP
    • 3 Beds
    • 3 Baths

    1808 E Washington St, Indianapolis, IN 46201

    Welcome to this Victorian colonial style residential duplex located in Indianapolis Indiana. Ideally located near downtown and along established bus routes, this well-positioned duplex offers a unique opportunity for both residential rental income and potential commercial use. Zoned C3 Neighborhood Commercial District, the property sits along high-traffic Washington Street, providing excellent

    Jim Gilday eXp Realty, LLC

    1808 E Washington St, Indianapolis, IN 46201
  • /15

    $1,899,000

    $51K PRICE DROP
    • 6 Beds
    • 6 Baths

    2008 / 2012 E Washington St, Indianapolis, IN 46201

    A 16-unit building bringing in $15,910 a month with another $2,890 sitting on the table once you fill the two vacant units. Two side-by-side 8-unit buildings at 2008 and 2012 E Washington, sold together as one package. Every unit is a one-bed, one-bath layout, fully renovated under current ownership. New flooring, fresh paint, updated fixtures, modern kitchens and bathrooms. Electronic locks on

    Max Moore @properties

    2008 / 2012 E Washington St, Indianapolis, IN 46201
  • /15

    $194,900

    $5K PRICE DROP
    • 1 Bed
    • 1 Bath

    1546 S Alabama St, Indianapolis, IN 46225

    Spacious duplex located in the desirable Bates-Hendricks neighborhood. Each unit offers a large 1 bedroom, 1 bathroom layout with comfortable living space. Situated on a corner lot, the property provides added privacy and great natural light. One unit is currently rented, offering immediate income, while the other unit is vacant and ready for an owner-occupant or new tenant. The property also

    Ashley Mullin FS Houses LLC

    1546 S Alabama St, Indianapolis, IN 46225
  • /48

    $399,900

    $50K PRICE DROP
    • 5 Beds
    • 3 Baths

    2455 Shelby St, Indianapolis, IN 46203

    HOUSE HACKER SPECIAL -- Live in one unit and let the other units pay your mortgage! * Main Unit: 3 BR/1 BA featuring original historic details and a large loft. * Income Units: Two upper-level units (Studio & 1-BR) currently generating $2,300/mo combined from mid-term rentals. * Value Add: Huge attic with separate entrance (4th unit potential) and basement plumbed for an extra bathroom. *

    Gloria Gear Keller Williams Indy Metro S

    2455 Shelby St, Indianapolis, IN 46203
  • /22

    $585,000

    $40K PRICE DROP
    • 3 Beds
    • 3 Baths

    472 S Pine St, Indianapolis, IN 46203

    Welcome to one of Fletcher Place's best-kept secrets: a rare 2001-built luxury duplex that lets downtown Indianapolis living pay for itself-live in half and rent out the other! Step into your unit and forget everything you think you know about duplexes. This is not your grandmother's side-by-side. With over 3,000 square feet of total living space, a full bath for every bed room,, a finished

    Josie Raimondi Property Management Services

    472 S Pine St, Indianapolis, IN 46203

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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.

Home Prices in Indianapolis, IN

Home Price Trends

Median Sale Price
$260,000
Median Single Family Sale Price
$269,000
Median Townhouse Sale Price
$269,700
Median 2 Bedroom Sale Price
$190,000
Median 1 Bedroom Sale Price
$162,500
Average Price Per Sq Ft
$160
Number of Homes for Sale
2,981
Last 12 months Home Sales
12,141
Months of Supply
2.90
Median List Price
$275,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
4%
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