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625 Woodruff Place Middle Drive

Indianapolis, IN 46201

ActiveListed Mar 16, 2026 · 23 days on market

Key facts

Lot
0.23 acres
Year built
1900
Type
Residential Income · Quadruplex
Garage
2 spaces
MLS #
22089333
County
Marion
Subdivision
Woodruff Place

About this home

Investor opportunity in the beautiful historic Woodruff Place! This 4-unit multifamily property is being offered for sale individually or as part of a rare portfolio opportunity that includes four additional nearby buildings, all in Woodruff. This allows investors the chance to acquire multiple assets within one of Indianapolis' most desirable historic neighborhoods. All units are currently leased, providing immediate income and stable cash flow. The property has seen several recent improvements, including remodels to all 4 units, new mini split in Unit 4, new forced AC in Unit 3, new kitchens, bathrooms, new water heater, new sump pump and value-add potential. Located just minutes from downtown Indianapolis, this property benefits from the charm, walkability, and strong rental demand that Woodruff Place is known for. Whether purchased individually or as part of the larger portfolio, this is a rare opportunity to invest in a historic neighborhood with consistent rental demand and long-term upside.

Description provided by the listing brokerage.

Interior

Laundry
No Laundry Facil.
Security
Smoke Detector(s)

Exterior

Construction
Wood Siding
Style
Traditional
Parking and garage
Detached

Systems

Heating
Forced Air
Cooling
Central AirWall Unit(s)

Lot and HOA

Lot features
AccessCurbsSidewalksMature Trees

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$8,916 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$3,546per month, estimated
Principal and interest $2,621Property tax $743Insurance $182
20% · $104,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$520,000
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