Multi Family homes for sale & real estate in 46205, IN

Multi Family Home for sale in 46205, IN:

539 E 53rd , INDIANAPOLIS, IN 46220 TURN-KEY INCOME-PRODUCING DUPLEX | $675,000 | ESTABLISHED RENTAL HISTORY LOCATION! LOCATION! LOCATION! Rare opportunity to acquire a high-end duplex with 26 years of rental history in a highly desirable Indianapolis location. This exceptional property offers approximately 4040 finished square feet on a 8590 sq ft corner lot, with two spacious residential units, surrounded by Million dollar homes . Enjoy a quiet residential setting with convenient access to Broad Ripple and Downtown Indianapolis. The property is walkable to Broad Ripple/Monon Trail and approximately 15 minutes from Downtown Indianapolis, offering easy access to restaurants, shopping, en

Multi Family Home for sale in 46205, IN:

Turnkey quadplex opportunity at 2930 N Dearborn St! Located in historic Martindale-Brightwood just 15 minutes from Downtown Indianapolis, this renovated four-unit property is primed for savvy investors and house hackers ready to offset living costs. All units are efficiency layouts (~500sq ft) with 1 bath ea, all turnkey, backed by over $40k in recent major improvements-including upgraded composition cement siding, new subflooring in all units, insulated plumbing, sewer cleanout, Section 8-compliant updates, and stylish modern finishes with LVP flooring. Currently under professional management, two units are leased into 2027 at $599/mo for reliable immediate cash flow paired with flat utili

Multi Family Home for sale in 46205, IN:

5-unit investment property, 100% occupied and newly renovated. Appraisal value $490,000 June 2026 before rent increases. This turnkey opportunity currently generates $6035 per month with long-term tenants in place. Unit turns have been completed on all units, and the property features all new siding. Basement offers additional income potential through future laundry and/or tenant storage or building out additional units.

Multi Family Home for sale in 46205, IN:

* * INVESTOR SPECIAL * * This duplex near Children's Museum of Indianapolis is waiting for the right landlord to make it shine again. Currently a duplex, however the prior owner has completed light framing in the attempt to convert it into a 4-unit apartment. The current layout is framed to have a front and rear living space per side. The 3026 side has a 1 bedroom efficiency apartment in front, and a 3 bedroom two-story apartment in the rear. Each apartment has 1 bathroom. The 3028 side has the exact same floorplan making this a duplex in the process of being converted into a 4-unit. It doesn't appear any plumbing or electrical has been updated to date. Property used to have a one-car ga

Multi Family Home for sale in 46205, IN:

INVESTMENT OPPORTUNITY WITH SIGNIFICANT UPSIDE — BRING YOUR VISION! Unique 3-bedroom, 1-bath duplex currently under construction, with most electrical and plumbing rough-ins completed and the property ready for sheetrock. This is an excellent opportunity to finish the project to your specifications and create immediate value. The flexible layout offers multiple options: finish as a duplex, live in one unit while renting the other, hold as a rental, flip after completion, or convert to an impressive 6-bedroom, 2-full-bath single-family home. Investor highlights: Most electrical and plumbing rough-ins are complete; ready for sheetrock. Existing permits are in place and need to be rene

Multi Family Home for sale in 46205, IN:

Investment opportunity at 2875/2877 Highland Pl! This side-by-side duplex features two spacious units, each offering 3 bedrooms and 2 full bathrooms. The property provides immediate rental income with additional value-add potential through gradually increasing rents to current market levels over time. With desirable unit sizes, separate entrances, and functional layouts, this duplex is well suited for investors looking to expand their portfolio and improve long-term cash flow.