7

West Indianapolis Multifamily Homes & Duplexes for Sale

Section Image
  • /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
  • /29

    $259,900

    • 3 Beds
    • 2 Baths

    330 S Addison St, Indianapolis, IN 46222

    Welcome to 330 Addison - a rare duplex offering 3 bedrooms and 2 bathrooms per side, with a strong market rent of $1,750 per unit. Whether you're an investor looking to cash flow immediately or a buyer seeking to live in one unit and rent the other, this property delivers versatility and value.Located just minutes from downtown Indianapolis, the Indianapolis Zoo, and a range of popular

    Hayley Wild Compass Indiana, LLC

    330 S Addison St, Indianapolis, IN 46222
  • /41

    $199,000

    • 3 Beds
    • 3 Baths

    1757 Howard St, Indianapolis, IN 46221

    Remarkable investment opportunity in West Indianapolis! This cash flowing duplex has been thoroughly updated and is strongly positioned to benefit its next owner. Both sides recently rented, gross rents equal $2,000/month. 1757 is a 2 bed 1 bath lower unit that includes an extra office or flex room. 1759 is a 2 bed 2 bath lower/upper unit, and one of the bedrooms is partitioned to allow for an

    Joel Newman Blue Sky Realty Group

    1757 Howard St, Indianapolis, IN 46221
  • /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
  • /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
  • /21

    $149,900

    • 4 Beds
    • 2 Baths

    1445 W Lee St, Indianapolis, IN 46221

    Great Investment Opportunity! 2BR, 1 Bath Duplex. With 2-car detached garage. Both sides are tenant occupied. 1445- rent $775/month, lease expires 2/28/2026. 1447 rent $825/month, lease expires 11/30/2025. Sold as-is.

    Karen Kelly Fathom Realty

    1445 W Lee St, Indianapolis, IN 46221
  • /6

    $109,000

    • 1 Bed
    • 1 Bath

    1128 S Sheffield Ave, Indianapolis, IN 46221

    Great investment opportunity. One side has a long time tenant currently paying $700 a month, but willing to sign an extension at a higher rate.

    James Johnson REALTY WORLD-Harbert Company

    1128 S Sheffield Ave, Indianapolis, IN 46221

Why Live in West Indianapolis

West Indianapolis, a historically working-class neighborhood, is home to approximately 7,000 residents and is situated just across the White River from downtown. The area has a rich industrial heritage, with major employers like Eli Lilly and Company, Rolls-Royce, and Vertellus maintaining a significant presence. Housing styles reflect the neighborhood's blue-collar roots, featuring World War II-era tract homes, Victorian models, ranchers, and brick bungalows, with some dating back to the 19th century. The neighborhood is pedestrian-friendly, with closely spaced lots connected by sidewalks. West Indianapolis offers several points of interest, including the White River and Eagle Creek, which provide scenic spots for fishing, sunrise views, and trails for biking and running. Rhodius Park offers athletic facilities and a public pool. Dining options include local favorites like John’s Famous Stew, Mann’s Grille, Burrito Joint, and El Corcel, along with the entertainment venue Back 9 Golf and Entertainment and the Tibbs Drive-In Theatre. The neighborhood is conveniently located near Interstate 70 and within walking distance of Lucas Oil Stadium.

Home Trends in West Indianapolis, IN

Housing Trends

Median Sale Price
$135,000
Median Single Family Sale Price
$135,000
Median Townhouse Sale Price
$153,000
Median 2 Bedroom Sale Price
$262,500
Median 1 Bedroom Sale Price
$163,500
Average Price Per Sq Ft
$125
Number of Homes for Sale
30
Last 12 months Home Sales
90
Months of Supply
4.00
Median List Price
$147,450
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
12%
How to Buy a Home How to Finance a Home How to Sell a Home