Multi-family houses For Sale in Indianapolis, IN

Income-producing property with $3,900 monthly rent. Updated plumbing, electrical, and lighting in Unit A, and fully modernized Units B and D. Common laundry and attached garage (potential 6th unit). Leases through January 2025. Updated furnace and water heater. Ideal for investors seeking rental income.

Springdale duplex with 4 beds/2.5 baths (main unit) and 1 bed/1 bath basement unit. Features three parcels including a three-car garage. Fully fenced yard, 10' ceilings, primary bedroom with renovated ensuite. Minutes from parks, breweries, and trails. Ideal for large families or investors.

Beautifully remodeled 3-bed, 2-bath duplex in Bates-Hendricks. Perfect investment opportunity with one side rented annually and the other as a short-term rental. Brand-new electrical, plumbing, appliances, and more!

Unique fully renovated live-work property featuring a 3-bed, 3-bath duplex, a 2-bed, 2-bath rental unit, and a rented office space. Offers a private backyard, off-street parking, and is perfect for owner-occupants or investors. Zoned D8, allowing for low down payment options.

Newly renovated 3-bedroom, 1.5-bath duplex with new flooring, fresh paint, updated kitchen with granite countertops and new appliances, updated bathroom, and fenced backyard. Minutes from Downtown Indy!

Fully renovated fourplex near downtown with modern amenities and high rental income potential. Each unit features updated kitchens, bathrooms, and appliances. Excellent investment opportunity!

Great investment opportunity! This 6-unit property boasts recently updated components including roofing, water heaters, HVAC, toilets, fixtures, and appliances. Four units are currently rented, with two pending applications. Immediate positive ROI potential.

Newly remodeled 4-unit property featuring two 1-bedroom, 1-bathroom units, one 2-bedroom, 1-bathroom unit, and one 3-bedroom, 1-bathroom unit.

Invest in this updated duplex with two 1-bed, 1-bath units. Classic all-brick exterior offers durability and timeless appeal. Ideal for portfolio growth.

Charming 1940s all-brick ranch duplex in Little Flower, Indy. Features original hardwood floors, built-ins, full basement, and 2-car garage. Ideal for investment, Airbnb, or house hacking.

Fully occupied triplex in Garfield Park offering $3,016 monthly rental income. Great investment opportunity for expanding your real estate portfolio. Owner pays all utilities.

Investor's dream duplex near downtown Indy! Generating $2600 monthly passive income. Each side boasts 3 bedrooms, 1.5 baths, updated kitchens & baths, newer HVAC & windows. Currently leased with reliable tenants. Perfect for expanding your portfolio!

Charming updated duplex with $1750/mo rental income! Ideal for investors seeking a turn-key, well-maintained property.

Brick duplex investment opportunity near hospitals and highway. One unit vacant and ready for cosmetic updates, the other needs full rehab. Roof in good condition. Sold AS-IS.

Investors! Build a quadplex on the Monon Trail. Luxury 2 bed, 1.5 bath units with stainless steel appliances, modern kitchens & baths, expected rent $1750-$1950 per unit. Contact Arcadia 1 Development for questions.

Great income-producing duplex! Each unit features 3 bedrooms and 1 bath, hardwood floors, updated kitchens and baths, and laundry on-site. One unit is currently tenanted.

New construction 2-unit homes in Indy! Perfect for owner-occupants or investors. Features LVP flooring, granite countertops, and a 2-10 builder's warranty. Multiple lots available, we can even build on your lot!

Fully furnished 6-bedroom, 4-bath house with 2 kitchens, perfect for investors, co-housing, or rental income. Features 2 living areas, 2 dining areas, stainless appliances, and a large backyard. Close to Monon Trail and downtown Indy.

Move-in ready duplex in a convenient Indianapolis location. Great investment opportunity! Larger unit has 3 bedrooms, 1.5 baths, fireplace & hardwood floors; second unit has 2 bedrooms, 1.5 baths, and fireplace. Shared 2-car garage and one-acre lot. Some exterior work needed.

Beautifully remodeled duplex in central Meridian-Kessler, Indianapolis. 2 units with separate utilities, updated kitchens & baths, new HVAC, and 2-car garage. Perfect for owner-occupants or investors.

7-bed, 4-bath home with 2 kitchens, 2 laundries, and new updates (AC, water heaters, heat pump, insulation, flooring). Seller financing available. Perfect for Airbnb; near Lucas Oil Stadium & downtown Indy.

Amazing opportunity! 6-unit row house, zoned for 4 units. Upper levels could be renovated into 2 large suites. Lower units need work. Unoccupied, ready for renovation.

Great investment opportunity! This renovated 6-unit property boasts new roofs, water heaters, HVAC, toilets, fixtures, and appliances. Four units are currently rented, with two pending applications. Positive ROI potential!

Cash Cow in Historic Irvington! 3BR, 1BA main house + 3 efficiency apartments. Great for long-term rental, short-term Airbnb, or conversion back to a single-family home. 2-car garage and mini-barn. High rental income potential!

Impeccably maintained Indianapolis duplex with two identical units. One unit is owner-occupied and the other generates $1350 monthly income. Features include new furnaces, hot water heaters, remodeled bathrooms, and a private patio with a fire pit. Convenient location near I-65 and Garfield Park. Perfect investment opportunity!

Fantastic triplex investment opportunity! Recently updated units, across from a park. Features a 3-bed/1.5-bath, a studio, and a 1-bed/1-bath unit. Great rental income potential!

Investor special! This meticulously maintained duplex in Fountain Square offers a fantastic live-in investment opportunity. Enjoy contemporary kitchens, spacious living areas, and separate units for privacy. Minutes from Downtown Indianapolis, this property boasts high rental demand and consistent revenue generation. Perfect for owner-occupants or investors looking to expand their portfolio.

Investor opportunity! This Tuxedo Park duplex can easily be converted to a single-family home. Features two units, updated bathrooms, fresh paint, new flooring, 2-car garage, and fenced yard. Ideal for house hacking.

Near-Eastside multi-parcel listing: Tudor-style commercial building, parking lot, residential duplex, & vacant lot. Almost 5000 sq ft of mixed-use space. Ideal for office, restaurant, bar, live-work, or arts community. High visibility location.

Charming 2-unit duplex with 2 bed/1 bath each, currently rented. New roof & water heaters. Tile & carpeted floors. Shared yard. Close to I-70 & downtown Indianapolis.

Great investment opportunity! This duplex features 3 bedrooms per side, a large covered porch, garage, and alley access. Located in up-and-coming Hyde Park, close to downtown and the West side. Live in one side and rent the other. Won't last long!

Excellent investment opportunity! This duplex features two units, each with one bedroom, one bathroom, living room, and kitchen. North unit is rented, South is vacant and can be shown. Property sold as-is.

Fully renovated duplex with new roof, HVAC, and interiors. Both sides rented, each with 3 bedrooms and great open spaces. Prime location near Fountain Square, Bottleworks, and Mass Ave. Excellent investment opportunity.

Exceptional duplex in desirable Christian Park, near downtown Indianapolis. Both units updated in 2023, new roof in 2022. One unit vacant, other rented for $850/month. Ideal for owner-occupant or investor. Turnkey property with immediate income potential.

Investment opportunity! This 6-unit property boasts recently updated components (roof, HVAC, appliances) and 4 currently rented units. Ideal for first-time or experienced investors seeking immediate positive ROI.

Duplex for sale, close to Downtown. Each unit features 3 bedrooms, 1.5 bathrooms, updated kitchen, new HVAC, roof, and refinished floors. Great investment opportunity!

Investor's dream! This updated Bates-Hendricks duplex boasts 6 bedrooms, 5 bathrooms, and high rental income potential. Currently bringing in over $3000/month, with potential for increased ROI. Sold as part of a larger portfolio valued at over $3.5 million.

3 bed, 2 bath home, split into 2 rental units. Each unit features kitchen, living room, laundry, and full bath. New roof, newer HVAC, appliances. Great location near downtown, IUPUI, and hospitals. Ideal for investors or those seeking multi-family living.

Tastefully updated duplex in Tuxedo Park with 2 bedrooms and 1 bath in each unit. Currently generating $1750/month in rental income with potential for increase. Part of a 16-unit portfolio valued at over $3.5 million.

Spacious duplex with 1300 sq ft per unit, 3 bedrooms, hardwood floors, enclosed porches, and a detached garage. One side vacant, other occupied by a long-term tenant. Ideal for investors or owner-occupants seeking rental income.