Indianapolis, IN Multifamily Homes & Duplexes for Sale

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  /28

  $99,900

  • 2 Beds
  • 2 Baths

  425 N Grant Ave, Indianapolis, IN 46201

  Bring your ideas and inspiration to this one which is a bank owned asset. The whole Building is being sold not just one side. Each side is 1BR & 1 BA. This one is in need some extensive repairs with the furnace missing and electrical not connected. Some work needed in the electric, plumbing and kitchens & Baths. Some walls are gutted down to the studs and some siding missing off the rear of the

  

  Jackie Lovell

  New Quantum Realty Group

  (317) 520-8859

  425 N Grant Ave, Indianapolis, IN 46201
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  /29

  $145,000

  • 4 Beds
  • 3 Baths

  917 W 27th St, Indianapolis, IN 46208

  Unit 917 and 919 are being sold together the whole building not individually. Prior owner had each side assigned separate tax parcel numbers and new legal like condominiums but this sale is for both sides together. Estimate of Rent is just for frame of reference there are no current tenants. Both units are 2 Bedrooms with one have 2 baths while the other has 1 bath. Appears to have had some

  

  Jackie Lovell

  New Quantum Realty Group

  (317) 751-9161

  917 W 27th St, Indianapolis, IN 46208
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  /39

  $209,900

  • 6 Beds
  • 2 Baths

  3469 N Capitol Ave, Indianapolis, IN 46208

  Huge potential for a lovely duplex with ample room in each unit. This property appears to have had some updates in the past but still needs your own personal touch to make it special. Huge Living Rooms, D& Formal dining Room with a stairway foyer entrance/mud room, then a large eat in kitchen. Both sides have had some kitchen updates but one side might have a slightly larger kitchen. There are 3

  

  Jackie Lovell

  New Quantum Realty Group

  (463) 363-0054

  3469 N Capitol Ave, Indianapolis, IN 46208
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  /49

  $210,000

  • 4 Beds
  • 4 Baths

  401 Wallace Ave, Indianapolis, IN 46201

  Spacious money-making duplex on the near east side of Indy! Both sides are occupied. Seller has just put over 20k in improvements. Both units have central air. Two large bedrooms and 1.5 baths on each side. Unfinished basements with washer/dryer hookups. Professional property management in place. Nice street showing pride of ownership, in up-and-coming area. Close to downtown. Leases and

  Pamela Brown PMI Indianapolis

  401 Wallace Ave, Indianapolis, IN 46201
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  /61

  $230,000

  • 5 Beds
  • 2 Baths

  3934 E 10th St, Indianapolis, IN 46201

  Investor alert! Don't miss this exceptional opportunity to add a cash-flowing, fully renovated duplex to your rental portfolio. This property features two income-producing units, both approved for Section 8 housing-ensuring consistent rent payments and reduced vacancy risk. The 3-bedroom, 1-bath unit rents for $2,200/month and includes updated finishes, a modern kitchen with stove, refrigerator,

  Erica Shupert Redfin Corporation

  3934 E 10th St, Indianapolis, IN 46201
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  /21

  $165,000

  • 2 Beds
  • 2 Baths

  102 Wallace Ave, Indianapolis, IN 46201

  Welcome to this brick duplex in the heart of downtown. Each unit is a 1 bedroom/1 bathroom. Starting on the exterior with two separate porches for each unit, large concrete sidewalk around exterior, open backyard with privacy, and garage space. In unit 102 features new LVP and paint. Large kitchen space. Both units have separate unfinished basement space.

  Sarah Schaefer White Stag Realty, LLC

  102 Wallace Ave, Indianapolis, IN 46201
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  /25

  $165,000

  • 3 Beds
  • 2 Baths

  2305 Carrollton Ave, Indianapolis, IN 46205

  Large duplex featuring 6 total bedrooms, large living areas and a basement.

  Staci Woods Keller Williams Indy Metro NE

  2305 Carrollton Ave, Indianapolis, IN 46205
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  /2

  $125,000

  • 1 Bed
  • 1 Bath

  1916 E Maryland St, Indianapolis, IN 46201

  Double was converted to single unit but it looks like the best value would be filling in a wall and some other items to make a 2 income home. If you like then keep as is. Vacant for over a year so its in rough condition and sold in as is condition. No utilities on. Does have a side drive. Excellent street location as the values keep going up. This property is owned by the same owner as next

  Joe Bowling JBG, Inc.

  1916 E Maryland St, Indianapolis, IN 46201
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  /18

  $159,900

  • 2 Beds
  • 2 Baths

  1502 N Gladstone Ave, Indianapolis, IN 46201

  This updated duplex offers the ideal blend of charm, privacy, and modern upgrades-perfect for both investors and owner-occupants. Nestled in the Little Flower neighborhood. Each side of the duplex features a cozy 1-bedroom, 1-bathroom layout. Recent updates include new LVP flooring, new electrical throughout, new vinyl windows, new water heaters, updated bathrooms, interior and exterior paint and

  Denise LaChance Tyler Knows Real Estate LLC

  1502 N Gladstone Ave, Indianapolis, IN 46201
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  /48

  $229,900

  • 4 Beds
  • 3 Baths

  Unlisted Address

  This one is a must see, ( BRAND NEW FURNACE AND AC UNIT IN 2023 ) NEW SEWER LINE FROM THE HOUSE TO THE MAIN in 2018. Water heater also in 2018, All the hard work is done just needs some TLC to make it your own... In a well - Established Historical Neighborhood. One side has 3 bedrooms and 1-1/2 Baths with a huge Livingroom and a big formal dinning room. original hardwood floors 6" wood base and

  Roger Poynter Today's Real Estate

  Unlisted Address
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  /12

  $100,000

  • 2 Beds
  • 2 Baths

  257 E Minnesota St, Indianapolis, IN 46225

  This property presents a fantastic investment opportunity. Perfect for buyers looking to enhance value through improvements. While the property is in need of updates, it offers strong potential for those with a vision and a passion for renovation. One side included in this sale (257 E Minnesota St - east side). Property is being sold as-is.

  Doug Fredbeck Keller Williams Indpls Metro N

  257 E Minnesota St, Indianapolis, IN 46225
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  /51

  $485,000

  • 7 Beds
  • 4 Baths

  15 W 28th St, Indianapolis, IN 46208

  Spacious and full of potential, this large office building is the perfect canvas for investors or business owners looking to create a fully customized space. Boasting generously sized rooms and beautiful original hardwood floors throughout, this property combines classic charm with the opportunity for modern upgrades. With some heavy work and renovation needed, this building is ideal for those

  Parker Jones Horizon Realty Group LLC

  15 W 28th St, Indianapolis, IN 46208
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  /48

  $210,000

  • 6 Beds
  • 2 Baths

  1336 W 32nd St, Indianapolis, IN 46208

  Fantastic investment opportunity on the west side of Indianapolis! This spacious 6-bedroom, 4-bathroom duplex offers strong rental potential with two updated units. Each side features 3 bedrooms and 2 bathrooms, ideal for attracting long-term tenants or multi-generational living. Conveniently located just minutes from major highways, commuting is a breeze. Close to schools, shopping, and public

  Antwon Culbreath Redfin Corporation

  1336 W 32nd St, Indianapolis, IN 46208
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  /28

  $449,900

  • 4 Beds
  • 1 Bath

  6170 Winthrop Ave, Indianapolis, IN 46220

  The ultimate rental. Not many golden opportunities like this one fall in your lap. This duplex is guaranteed to rent out for the rest of your life. Steps away from Broad Ripple Village, the Monon, & every type of bar, shop & restaurant imaginable. Rent both sides for an immediate cash flow, or house-hack one side & have the other pay your monthly mortgage, the choice is yours! Both sides have

  Alexander Elston United Real Estate Indpls

  6170 Winthrop Ave, Indianapolis, IN 46220
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  /14

  $199,999

  • 4 Beds
  • 2 Baths

  401 S Randolph St, Indianapolis, IN 46201

  Welcome to 401 S Randolph St, a remodeled 2 bed, 1 bath duplex offering a prime investment opportunity just minutes from the heart of Fountain Square and downtown Indy. Both units have been thoughtfully updated while maintaining classic charm, and are currently occupied by steady, long-term tenants, delivering immediate cash flow from day one. Located in an appreciating neighborhood with

  Kenneth Hall JUST LIV, LLC

  401 S Randolph St, Indianapolis, IN 46201
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  /40

  $379,900

  • 4 Beds
  • 2 Baths

  4837 N College Ave, Indianapolis, IN 46205

  Updated duplex in prime Meridian-Kessler location! Each unit offers 2 bedrooms and 1 bathroom, with renovated kitchens and baths completed less than 5 years ago. Newer AC units on both sides. 4837 unit is rented month-to-month at $1,525; 4839 is leased through 5/31/25 at $1,350. Great setup for a house hacker or investor. Walk to popular spots like Upland, Pots & Pies, Dunkin', and other College

  Morgan Thompson Berkley & State, LLC

  4837 N College Ave, Indianapolis, IN 46205
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  /19

  $149,900

  • 6 Beds
  • 2 Baths

  822 N Bradley Ave, Indianapolis, IN 46201

  Large duplex located close to all of Downtown Indy's wonderful amenities! Both units are large, 3 bedroom / 1 bathroom properties with wonderful built ins and mid-century charm. With plenty of updates and room to improve cashflow, this property is a slam dunk! Check out this unique opportunity today.

  Kurt Clements Diverse Property Solutions Ind

  822 N Bradley Ave, Indianapolis, IN 46201
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  /8

  $150,000

  • 2 Beds
  • 2 Baths

  427 N Gladstone Ave, Indianapolis, IN 46201

  Great duplex investment opportunity on Indy's East side! Fully occupied. Property is ideal for an investor looking to add to their portfolio or an investor just starting out. Both sides feature 1 bed and 1 bath. 427 unit rents for $700/mo and 429 unit rents for $650/mo. 429 Unit is currently month to month. Plenty of upside potential, Section 8 rents would be $1000 a month or make it a short term

  Richard Graham JMG Indiana

  427 N Gladstone Ave, Indianapolis, IN 46201
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  /37

  $539,900

  • 4 Beds
  • 4 Baths

  2406 Carrollton Ave, Indianapolis, IN 46205

  Welcome to luxury living in Downtown Indy! Step in to open the open living area with beautiful French oak flooring, recessed lighting and sleek light fixtures. Enjoy hosting family & friends in the custom kitchen featuring stylish cabinets, a sizable quartz island, and high-end smart appliances with bluetooth connectivity. The tiled bar area & wet bar are there for all of your hosting needs. Make

  Matthew Wehner Gardner Property Group

  2406 Carrollton Ave, Indianapolis, IN 46205
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  /35

  $169,000

  • 4 Beds
  • 2 Baths

  556 N Gray St, Indianapolis, IN 46201

  Don't miss this cash-flowing duplex and excellent investment opportunity with solid rental history. Unit 558 is leased through March 2026, offering long-term stability. Unit 556 is currently on a month-to-month lease with a reliable tenant in place since 2021. Each side features separate entrances and functional layouts, ideal for continued rental income or future owner-occupancy. Great

  Zachary Purdy Berkshire Hathaway Home

  556 N Gray St, Indianapolis, IN 46201
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  /37

  $197,500

  • 6 Beds
  • 2 Baths

  83 N Ewing St, Indianapolis, IN 46201

  Income-producing duplex in a prime Indianapolis location! Each unit offers 3 bedrooms and 1 bathroom per side. One unit currently rented ($1,365 until 6/30/2026), offering immediate cash flow. The other side has been made rent ready and actively being advertised. Situated between downtown and the vibrant Irvington district, this property boasts a quiet, tucked-away setting amidst a rapidly

  Austin Fish Go Fish Realty

  83 N Ewing St, Indianapolis, IN 46201
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  /33

  $450,000

  • 8 Beds
  • 4 Baths

  319 N Temple Ave, Indianapolis, IN 46201

  Quad-plex For Sale - Fully Renovated! This beautifully updated 4-unit property features Two - 1 bed/1 bath units and Two - 3 bed/1 bath units. Enjoy all new flooring, fixtures, paint, drywall, updated cabinets, and stainless steel appliances. Everything is brand new, including the roof! Each unit is separately metered so tenants pay their own lights and each side has a new water heater (Landlord

  Eli Skinner Key Realty Indiana

  319 N Temple Ave, Indianapolis, IN 46201
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  /29

  $190,000

  • 3 Beds
  • 1 Bath

  307 N Euclid Ave, Indianapolis, IN 46201

  Unique opportunity in the heart of Indy! This spacious home features a 3 bed, 1 bath layout on the main level and a 2 bed, 1 bath unit upstairs-perfect for multi-generational living, house hacking, or investment potential. The main level boasts generous living and dining areas, while the upstairs unit includes its own private entrance, full bath, and kitchen setup. Whether you're looking to live

  Andrew Taylor Real Broker, LLC

  307 N Euclid Ave, Indianapolis, IN 46201
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  /26

  $269,900

  • 6 Beds
  • 3 Baths

  408 E Beecher St, Indianapolis, IN 46225

  Opportunity time in Bates Hendricks area. Double with 3 BR's per side, LR, DR, Kitchen & small rear enclosed porch area. There is alley access and large backyard area with partial fence. This just needs a few repairs, most of the work has been done. Live in one side and rent the other. This is a rare opportunity in this upcoming area with dowtown access. Must see!

  Kurt Clements Diverse Property Solutions Ind

  408 E Beecher St, Indianapolis, IN 46225
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  /27

  $330,000

  • 5 Beds
  • 4 Baths

  5713 Bluff Rd, Indianapolis, IN 46217

  Prime opportunity for a cash flowing 4-unit property in Perry Township school district, a safe, quiet neighborhood on Indy's southside. This property is actually 2 free standing properties (one with 3 units and one with 1 unit). With three of the four units rented at the same competitive rate, you'll benefit from a steady, predictable income stream. Unit A, the highest rent unit, and Unit B will

  Max Moore @properties

  5713 Bluff Rd, Indianapolis, IN 46217
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  /57

  $535,000

  • 6 Beds
  • 3 Baths

  6038 N College Ave, Indianapolis, IN 46220

  Location, Location, Location! Welcome to this charming, well maintained duplex located in the highly sought-after Broad Ripple neighborhood of Indianapolis! Each unit features 3 bedrooms, a cozy and functional kitchen with a small eat-in area, a formal dining room, and a welcoming living room-perfect for both relaxing and entertaining. Enjoy your morning coffee or unwind in the evenings on the

  Tom McNulty McNulty Real Estate Services,

  6038 N College Ave, Indianapolis, IN 46220
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  /34

  $275,000

  • 6 Beds
  • 2 Baths

  516 N Dearborn St, Indianapolis, IN 46201

  Fully rented duplex investment opportunity! This updated duplex features two spacious 3-bedroom, 1-bathroom units, each thoughtfully upgraded for modern living. Both units boast renovated kitchens and bathrooms, luxury vinyl plank (LVP) flooring, and new furnaces. Tenants appreciate the private yards and off-street parking. This property is an income generator with long-term tenants already in

  Morgan Thompson Berkley & State, LLC

  516 N Dearborn St, Indianapolis, IN 46201
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  /26

  $129,900

  • 2 Beds
  • 2 Baths

  3528 E 10th St, Indianapolis, IN 46201

  Investment opportunity located on the east side of Indianapolis. Each unit boasts a spacious floor plan while offering one bedroom and one bathroom. Conveniently located near the popular Brookside Park, bus lines and shopping. Don't miss out on this opportunity to add this profitable investment to your portfolio! Property being sold As-Is.

  Tresea Moore HIVE Realty Group

  3528 E 10th St, Indianapolis, IN 46201
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  /19

  $150,000

  • 2 Beds
  • 2 Baths

  1533 E Legrande Ave, Indianapolis, IN 46203

  Cash flowing duplex with current rents of $850 & $875 per month. 1533 side is moving out at the end of April, leaving potential for an owner occupant or a new resident. 1 bedroom and 1 bathroom on each side. Electric is metered separately and tenants pay. Water/sewer metered together and owner pays. (Lease amounts listed above include $50 each side for utility reimbursement.) Original thin plank

  Emily Huskey Keller Williams Indy Metro S

  1533 E Legrande Ave, Indianapolis, IN 46203
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  /4

  $125,000

  • 4 Beds
  • 2 Baths

  432 N Hamilton Ave, Indianapolis, IN 46201

  Located near the heart of downtown Indianapolis, this property presents a great opportunity to see your vision come to fruition.

  Chris Price Keller Williams Indy Metro S

  432 N Hamilton Ave, Indianapolis, IN 46201
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  /17

  $210,000

  • 3 Beds
  • 3 Baths

  1344 S Belmont Ave, Indianapolis, IN 46221

  Turnkey Triplex with Airbnb Income in South Belmont Don't miss this prime investment opportunity in the desirable South Belmont Avenue neighborhood! This well-maintained triplex features two 1-bedroom units and one studio, with two units currently operating as successful Airbnb rentals-providing steady short-term income. Located just minutes from Rhodius Park, William Penn School, local

  Steve Flanagan R. P. Lux Company

  1344 S Belmont Ave, Indianapolis, IN 46221
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  /8

  $419,900

  • 6 Beds
  • 2 Baths

  4055 N College Ave, Indianapolis, IN 46205

  Don't miss your opportunity to own this duplex on College Ave! GREAT walkability and convenient to the bus line, Broadripple, downtown Indy and more! Total of 6 bedrooms, 2 full baths. 3 bedrooms and 1 full bath on each side. Nice size Kitchen, hardwood floors, and plenty of charm. Basement has separate entry for possible future rental use. Well established tenants on both sides.

  Eileen O'Brien Metzger CENTURY 21 Scheetz

  4055 N College Ave, Indianapolis, IN 46205
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  /20

  $559,900

  • 6 Beds

  5136 Broadway St, Indianapolis, IN 46205

  GREAT OPPORTUNITY to buy this Duplex in Meridian Kessler! Total 6 bedrooms, 4 baths (2 full, 2 half), 3 bed 1.5 bath on each side. This property is full of charm, with hardwood flooring, updated kitchens and baths, fenced back yard with patios... new sewer line from the clean-out to the street in 2012, some newer appliances, ample parking with a driveway and parking pad. (Garage is storage only).

  Eileen O'Brien Metzger CENTURY 21 Scheetz

  5136 Broadway St, Indianapolis, IN 46205
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  /49

  $265,000

  • 4 Beds
  • 2 Baths

  429 N Colorado Ave, Indianapolis, IN 46201

  This fully renovated duplex on the east side of Indianapolis offers an incredible opportunity for both investors and homeowners looking to offset their mortgage. With both sides vacant and ready to rent, you can move into one side and start collecting rent from the other immediately. Each unit features 2 beds, 1 bath and has been fully renovated in 2022, so there's no work needed-just move in or

  Tyler Lingle @properties

  429 N Colorado Ave, Indianapolis, IN 46201
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  /27

  $509,500

  • 6 Beds
  • 4 Baths

  525 E 52nd St, Indianapolis, IN 46205

  Here is your turn key opportunity to become a landlord in one of Central Indiana's favorite neighborhoods, Meridian Kessler, with an A+ location to boot. Within walking distance of some of the most popular pubs, restaurants, and trails. This double has it all! Everything has been updated, and well maintained. New E/One sewer system installed 2024, New concrete driveway and block wall 2023,

  John Creamer CENTURY 21 Scheetz

  525 E 52nd St, Indianapolis, IN 46205
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  /58

  $149,900

  • 6 Beds
  • 2 Baths

  918 N Dearborn St, Indianapolis, IN 46201

  This beautiful Craftsman-style duplex is situated in the heart of Indianapolis. Exterior features a covered porch with separate entrances and a fenced-in full backyard with what appears to be newer windows, siding, and 3D shingles. With hardwood flooring throughout, the interior features a Great Room, Kitchen, separate Dining Room, Breakfast Room, and Laundry Room and additional storage in the

  Chris Price Keller Williams Indy Metro S

  918 N Dearborn St, Indianapolis, IN 46201
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  /36

  $250,000

  • 1 Bed
  • 1 Bath

  1538 N Grant Ave, Indianapolis, IN 46201

  4-unit that could have a great cash flow once fully rented. Perfect Sec8 units. Utilities can be added within Sec8 rents or billed-back to tenants if traditional leases. Professional property management in place. One unit occupied now. Vacant units available to view. Buyers to complete own due diligence about data. Seller bought quad as a rehabbed conversion that was completed in 2021-2022. Sold

  Pamela Brown PMI Indianapolis

  1538 N Grant Ave, Indianapolis, IN 46201
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  /14

  $99,000

  • 1 Bed
  • 1 Bath

  2870 Stuart St, Indianapolis, IN 46218

  DUBLEX Investor Opportunity! This income-producing double is primed for a flip or long-term rental. With major renovations already completed-including a new roof, subfloor, electrical, HVAC, siding, plumbing, and drywall-this property offers a solid foundation for your next project. Just bring your contractor to complete the finishing touches and unlock its full potential. Don't miss this

  Kelly Powell AMR Real Estate LLC

  2870 Stuart St, Indianapolis, IN 46218
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  /13

  $150,000

  • 2 Beds
  • 2 Baths

  4920 E 34th St, Indianapolis, IN 46218

  Current owner bought this as a duplex conversion. Single family rental property has been transformed into two individual one bedroom rental units. Both units are occupied and being managed by a professional property management company. Easy turnkey transition. Positive cash flow. Detached garage. Ledgers can be supplied upon request. Conveniently located with quick access to I-70.

  Pamela Brown PMI Indianapolis

  4920 E 34th St, Indianapolis, IN 46218
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  /31

  $399,900

  • 6 Beds

  3850 N Capitol Ave, Indianapolis, IN 46208

  Welcome to this stunning, "nearly new" duplex nestled in the heart of the highly desirable Butler-Tarkington neighborhood-just minutes from Butler University, the Indianapolis Art Center, and blocks from Melody Inn Bar, Tea's Me Cafe, and Tarkington Park. This massive duplex was taken down to the studs in late 2022 and thoughtfully rehabbed for low maintenance living. Each side features 3

  Morgan Thompson Berkley & State, LLC

  3850 N Capitol Ave, Indianapolis, IN 46208

Showing Results 1 - 40, Page 1 of 4

About Indianapolis

As Indiana’s state capital and largest city, Indianapolis is the economic and cultural engine of the Hoosier State. Founded in the state's midpoint in 1820, Indianapolis is responsible for Indiana’s reputation as the “Crossroads of America.” Four interstate highways intersect here, making Indianapolis a vital transportation hub for the Midwest and a convenient site for conventions and major sporting events such as the Indianapolis 500.

Indianapolis encompasses most of Marion County, leading the city and county to have a unified government stru ...

Learn more about living in Indianapolis

Home Trends in Indianapolis, IN

On average, homes in Indianapolis, IN sell after 41 days on the market compared to the national average of 47 days. The average sale price for homes in Indianapolis, IN over the last 12 months is $286,441, up 6% from the average home sale price over the previous 12 months.

Home Trends

Median Price (12 Mo)

$250,000

Median Single Family Price

$256,250

Median Townhouse Price

$249,900

Median 2 Bedroom Price

$200,000

Median 1 Bedroom Price

$200,000

Average Price Per Sq Ft

$159

Number of Homes for Sale

1,988

Last 12 months Home Sales

11,452

Months of Supply

2.10

Median List Price

$260,000

Median Discount From 1st List Price

2%

Median Home Sale Price YoY Change

4%