Multi Family homes for sale & real estate in Indianapolis, IN

145 homes

Sort:

Recommended

NEW 26 HRS AGO

ABOUT THIS HOME
Multi Family Home for sale in Indianapolis, IN:
An exceptional investment opportunity awaits with this fully updated duplex located in the heart of downtown. Nearly every major component has been thoughtfully improved within the last two years, offering peace of mind and long-term value. Updates include new windows, fully renovated kitchens and bathrooms on both sides, new flooring throughout, fresh interior paint, and separate full HVAC systems for each unit. The electrical system has been upgraded, select plumbing has been replaced, and new exterior concrete work enhances both functionality and curb appeal. According to the seller, market rent for the area is approximately $800 per unit, making this property an attractive income-produc

$165,000

2 beds3 baths1,728 sq ft

2941 E Brookside Ave, Indianapolis, IN 46218

Renovated kitchens • Renovated bathrooms • Fully updated duplex

ABOUT THIS HOME
Multi Family Home for sale in Indianapolis, IN:
Investor special! Income producing duplex near Community East Hospital. 2 Bedrooms, 1 Bath and 1-Car attached Garage per side. Both sides have new HVAC, A/C & water heaters all replaced since 2023 with newer interior doors, flooring, bathrooms, paint and electrical updates. Easy access to I-70/I-465 and just minutes from Irvington and downtown Indianapolis.

$230,000

4 beds4 baths3,456 sq ft

5744 E 18th St, Indianapolis, IN 46218

Newer interior doors • Newer flooring • New hvac

NEW CONSTRUCTION

ABOUT THIS HOME
Multi Family Home for sale in Indianapolis, IN:
Proposed New Construction Duplex | 517 Prospect St - Downtown Indianapolis / Eli Lilly District Modern new-build duplex by Paradigm Construction & Development, ideally located just south of Eli Lilly HQ and the downtown core. Each two-story home (with basement) offers 3 bedrooms, 2.5 baths, open living space. Located just south of Eli Lilly HQ and minutes from Gainbridge Fieldhouse and Lucas Oil Stadium-prime for savy, short-term rental owner, investor or owner occupancy. This site sits in one of Indy's strongest growth corridors-perfect for an owner-occupant, house hacker, or short-term-rental investor. Walkable to Fountain Square, Virginia Ave corridor, and the Cultural Trail.

$700,000

6 beds5 baths2,480 sq ft

517 Prospect St, Indianapolis, IN 46203

Cultural trail • Open living space • 2,700 sq ft lot

ABOUT THIS HOME
Multi Family Home for sale in Indianapolis, IN:
Great investment opportunity in highly desirable Carmel and located in Carmel Clay school district! This duplex features two well-designed units, each offering 2 bedrooms and 1 full bath, making it an ideal setup for steady rental income. With strong demand for housing in the area, this property presents excellent potential for investors looking to build or expand their portfolio. Live in one unit and rent the other, or lease both for dual income streams. Conveniently located near shopping, dining, and major roadways, this duplex offers long-term value and income potential in one of the area's most sought-after markets.

$425,000

4 beds4 baths3,972 sq ft

10701 Broadway St, Indianapolis, IN 46280

Income potential • Steady rental income • Long-term value

ABOUT THIS HOME
Multi Family Home for sale in Indianapolis, IN:
Discover an incredibly rare investment opportunity at 5917 Carrollton Ave, located in the heart of Indy's coveted A-Class Broad Ripple neighborhood. Just steps from the Monon Trail, the Canal, and the vibrant shops, bars, and dining of Broad Ripple Ave, this property offers unbeatable walkability and central convenience. This converted limestone ranch has been thoughtfully transformed into a four-unit multifamily property-perfect for investors or creative house-hackers seeking an eclectic mix of spaces ideal for high-yield short-term or mid-term furnished rentals. STR rental projections of $7k+ per month!! The renovation is roughly 90-95% complete, making this the ideal canvas for a buyer w

$434,000

7 beds6 baths3,377 sq ft

5917 Carrollton Ave, Indianapolis, IN 46220

Stainless counters • Distinct unit mix • 6,970 sq ft lot

Property at 2313 Southeastern Ave, Indianapolis, IN 46201, 4 beds, 4628 baths

$114,000

4 beds4628 baths3,688,516 sq ft

2313 Southeastern Ave, Indianapolis, IN 46201

Property at 1514 Ringgold Ave, Indianapolis, IN 46203, 6 beds, 3030 baths

$329,900

6 beds3030 baths3,223,920 sq ft

1514 Ringgold Ave, Indianapolis, IN 46203

Property at 1340 N Park Ave, Indianapolis, IN 46202, 10 beds, 10 baths

$1,799,999

10 beds10 baths7,707 sq ft

1340 N Park Ave, Indianapolis, IN 46202

Property at 1841 W Washington St, Indianapolis, IN 46222, 4 beds, 8 baths

$250,000

4 beds8 baths4,256 sq ft

1841 W Washington St, Indianapolis, IN 46222

Property at 17 S Euclid Ave, Indianapolis, IN 46201, 8 beds, 4 baths

$315,000

8 beds4 baths4,000 sq ft

17 S Euclid Ave, Indianapolis, IN 46201

Property at 510 N Beville Ave, Indianapolis, IN 46201, 3 beds, 4 baths

$274,500

3 beds4 baths2,400 sq ft

510 N Beville Ave, Indianapolis, IN 46201

Property at 33 N Sherman Dr, Indianapolis, IN 46201, 6 beds, 4 baths

$259,000

6 beds4 baths2,576 sq ft

33 N Sherman Dr, Indianapolis, IN 46201

Property at 243 N 5th Ave, Beech Grove, IN 46107, 12 beds, 12 baths

$275,000

12 beds12 baths7,200 sq ft

243 N 5th Ave, Beech Grove, IN 46107

Property at 1073 W 27th St, Indianapolis, IN 46208, 2 beds, 4 baths

$220,000

2 beds4 baths1,828 sq ft

1073 W 27th St, Indianapolis, IN 46208

Property at 1339 N Gale St, Indianapolis, IN 46201, 8 beds, 8 baths

$375,000

8 beds8 baths4,240 sq ft

1339 N Gale St, Indianapolis, IN 46201

Property at 4912 E Washington St, Indianapolis, IN 46201, 6 beds, 3 baths

$254,000

6 beds3 baths2,900 sq ft

4912 E Washington St, Indianapolis, IN 46201

Property at 1035-1037 N Centennial St, Indianapolis, IN 46222, 2 beds, 2 baths

$125,555

2 beds2 baths1,100 sq ft

1035-1037 N Centennial St, Indianapolis, IN 46222

Property at 1047 Udell St, Indianapolis, IN 46208, 3 beds, 2 baths

$85,000

3 beds2 baths2,296 sq ft

1047 Udell St, Indianapolis, IN 46208

Property at 3201 E 38th St, Indianapolis, IN 46218, 2 beds, 4 baths

$149,000

2 beds4 baths1,700 sq ft

3201 E 38th St, Indianapolis, IN 46218

Property at 3250 Central Ave, Indianapolis, IN 46205, 3 beds, 2 baths

$325,000

3 beds2 baths2,776 sq ft

3250 Central Ave, Indianapolis, IN 46205

Property at 2629 E Michigan St, Indianapolis, IN 46201, 8 beds, 4 baths

$325,000

8 beds4 baths4,264 sq ft

2629 E Michigan St, Indianapolis, IN 46201

Property at 1747 S Meridian St, Indianapolis, IN 46225, 6 beds, 12 baths

$550,000

6 beds12 baths6,540 sq ft

1747 S Meridian St, Indianapolis, IN 46225

Property at 3021 Boulevard Pl, Indianapolis, IN 46208, 6 beds, 3 baths

$130,000

6 beds3 baths2,970 sq ft

3021 Boulevard Pl, Indianapolis, IN 46208

Property at 1031-1033 N Centennial St, Indianapolis, IN 46222, 2 beds, 2 baths

$125,555

2 beds2 baths1,100 sq ft

1031-1033 N Centennial St, Indianapolis, IN 46222

Property at 4113 Graceland Ave, Indianapolis, IN 46208, 6 beds, 2 baths

$375,000

6 beds2 baths2,622 sq ft

4113 Graceland Ave, Indianapolis, IN 46208

Property at 945 W 28th St, Indianapolis, IN 46208, 7 beds, 4 baths

$315,000

7 beds4 baths2,168 sq ft

945 W 28th St, Indianapolis, IN 46208

Property at 630 N Gladstone Ave N, Indianapolis, IN 46201

$199,000

— beds— baths— sq ft

630 N Gladstone Ave N, Indianapolis, IN 46201

Property at 2321 Guilford Ave, Indianapolis, IN 46205, 3 beds, 3 baths

$375,000

3 beds3 baths2,450 sq ft

2321 Guilford Ave, Indianapolis, IN 46205

Property at 2322 Paris Ave, Indianapolis, IN 46208, 2 beds, 2 baths

$140,000

2 beds2 baths992 sq ft

2322 Paris Ave, Indianapolis, IN 46208

Property at 24 S Euclid Ave, Indianapolis, IN 46201, 6 beds, 3 baths

$135,000

6 beds3 baths2,184 sq ft

24 S Euclid Ave, Indianapolis, IN 46201

Property at 8323 - 8325 Lake Rd, Indianapolis, IN 46217, 2 beds, 2 baths

$285,000

2 beds2 baths1,620 sq ft

8323 - 8325 Lake Rd, Indianapolis, IN 46217

Property at 3758 N Lasalle St, Indianapolis, IN 46218, 1 bed, 5 baths

$149,000

1 bed5 baths1,624 sq ft

3758 N Lasalle St, Indianapolis, IN 46218

Property at 1130 Finley Ave, Indianapolis, IN 46203, 4 beds, 2 baths

$189,900

4 beds2 baths1,898 sq ft

1130 Finley Ave, Indianapolis, IN 46203

Property at 2954 Macpherson Ave, Indianapolis, IN 46205, 8 beds, 24 baths

$659,000

8 beds24 baths15,728 sq ft

2954 Macpherson Ave, Indianapolis, IN 46205

Property at 1541 E Gimber St, Indianapolis, IN 46203, 3 beds, 3 baths

$125,000

3 beds3 baths1,824 sq ft

1541 E Gimber St, Indianapolis, IN 46203

Property at 3547 N Illinois St, Indianapolis, IN 46208, 2 beds, 2 baths

$311,500

2 beds2 baths2,088 sq ft

3547 N Illinois St, Indianapolis, IN 46208

Property at 1102 N Dearborn St, Indianapolis, IN 46201, 5 beds, 4 baths

$229,000

5 beds4 baths2,693 sq ft

1102 N Dearborn St, Indianapolis, IN 46201

Property at 324 N Linwood Ave, Indianapolis, IN 46201, 10 beds, 3 baths

$176,000

10 beds3 baths3,648 sq ft

324 N Linwood Ave, Indianapolis, IN 46201

Property at 1846 W Lambert St, Indianapolis, IN 46221, 3 beds, 2 baths

$125,000

3 beds2 baths3,000 sq ft

1846 W Lambert St, Indianapolis, IN 46221

Property at 230 N Rural St, Indianapolis, IN 46201, 6 beds, 4 baths

$289,999

6 beds4 baths4,816 sq ft

230 N Rural St, Indianapolis, IN 46201

Property at 917 W 27th St, Indianapolis, IN 46208, 4 beds, 2755 baths

$117,500

4 beds2755 baths2,048,976 sq ft

917 W 27th St, Indianapolis, IN 46208

Viewing page 1 of 4

Based on information submitted to the MLS GRID as of Wed Dec 31 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Multi Family Homes for Sale in Indianapolis

There are currently 145 multi family homes for sale in Indianapolis at a median listing price of $240K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Indianapolis stay on the market for 70 days and receive 1 offers. Popular neighborhoods include East Brainerd, Lanikai Beach, West Indianapolis, Downtown Indianapolis, Fountain Square, Broad Ripple, Bates-Hendricks, Meridian Kessler, Irvington, and Butler-Tarkington. This map is refreshed with the newest listings in Indianapolis every 15 minutes.

In the past month, 788 homes have been sold in Indianapolis. In addition to houses in Indianapolis, there were also 408 condos, 58 townhouses, and 220 multi-family units for sale in Indianapolis last month. Indianapolis is a minimally walkable city in Marion County with a Walk Score of 31. Indianapolis is home to approximately 819,398 people and 550,184 jobs. Find your dream home in Indianapolis using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Indianapolis are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Indianapolis. Our Indianapolis real estate stats and trends will give you more information about home buying and selling trends in Indianapolis. If you're looking to sell your home in the Indianapolis area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Indianapolis with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

More real estate resources for Indianapolis, IN

Nearby Cities

Neighborhoods

Zip Codes

Nearby Cities with Multi Family Homes

Nearby Neighborhoods with Multi Family Homes

More to explore in Indianapolis, IN

How to buy a house in Indianapolis, IN

How much house can I afford?

How to buy a house in 10 steps

First-time homebuyer's guide

See more home buying guides

Popular Markets in Indiana

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.