Indianapolis homes, investor picks, and Roots listings.

16-unit fully renovated building producing $15,910/mo with $2,890 upside on 2 vacant units.

Mostly occupied quadplex - an excellent cash-flow investment opportunity. This income-producing property offers immediate rental income with three out of the four units leased, providing stable returns and strong portfolio potential. Conveniently located near Ball State University, local amenities, and major routes, supporting consistent rental demand. This property also includes an additional property that comes with the lot (432 Proud St). Price reflects package deal of addresses listed: 702 W 5th St Anderson IN, 205 N Lincoln Ave Alexandria IN , 1527 Walnut St Anderson IN, 820-822 W Howard St Muncie IN.

Build-to-rent duplexes starting at $400,000 including land, everything's included!

Check out this stunning, fully updated 4-bed, 2-bath craftsman style bungalow in Monon Yard, just minutes to near north side staples like the Monon Trail, Goose the Market and Command Coffee. CURRENTLY RENTED FOR $1,845/month THROUGH AUGUST 2026! This is not your typical investment property - updated top to bottom with modern finishes while keeping its original craftsman charm. With approximately 1,800 finished square feet across two levels, you'll find LVP flooring through the main living areas, white shaker cabinets with butcher block countertops, marble-look tile in both bathrooms with matte black fixtures, black trim on every window and door, new carpet in all bedrooms, and appliances included. The open main-floor layout features original columns, a decorative fireplace, and a covered front porch with painted white brick and iron railings giving this home incredible curb appeal. Upstairs bedrooms offer cozy sloped ceilings with built-in closets. Additional features include a basement with newer HVAC and water heater and a large detached garage. Currently tenant-occupied with a lease through August 2026 at $1,845/month - a turnkey investment with immediate cash flow. Check it out before it's gone!

Priced at $155,000, this charming 1926-built ranch duplex is fully leased and generating $1,525/month gross income, with both units on month-to-month leases, perfect for flexibility or updates Talk to Tucker +8 Zillow +8 Compass +8 Howard Hanna Real Estate Services +4 @properties +4 Redfin +4 . Each unit has separate utility meters, making management a breeze. Recent soffit upgrades are already done, and there's room to add value through cosmetic tweaks Compass +5 @properties +5 Zillow +5 . With two beds, two baths, a spacious basement with laundry hookups, and on-street/lot parking, this property fits investors or owner-occupants looking to house-hack. Located in Fountain Square near downtown, it offers immediate income and future rent growth potential. Solid fundamentals, minimal maintenance, and upside, check it out!

This rare historic duplex in the heart of Old Northside offers fantastic flexibility, live in one side and rent the other, or use it as a multi-gen or full investment property. Each unit features light-filled living and dining areas that flow into updated kitchens with stainless steel appliances and butcher block counters. The 1524 side includes a convenient main-level half bath. Upstairs, each unit offers two spacious bedrooms and two full baths. Laundry is available in-unit (upper level in 1524), and clean unfinished basements provide extra storage. Recent updates include new windows, siding, and mechanicals. Off-street parking is available with two designated rear spaces, plus free street parking along Bellefontaine. With Monon Trail access, proximity to green space, and dining & entertainment just minutes away, this duplex blends historic charm and modern convenience. Listed by: Chanda Johnson, Maywright Property Co. MLS#: 22062828

Investors dream! This property is rented to long term tenants for $1,130 per month. Great opportunity to add to your rental portfolio with this turnkey rental just minutes from the heart of Fountain Square. Located on the near southeast side of Indianapolis with tons of nearby redevelopment. Snatch this place up before it's gone!

Turnkey investment opportunity! Each unit is 2 bedrooms 1 bath, both currently leased making it a great addition to a buy-and-hold portfolio. This duplex generates $2,400 in monthly rental income and offers immediate cash flow for investors. Conveniently located on the east side of Indianapolis with strong rental demand!

Solid duplex located in a growing Indianapolis neighborhood and part of a 4-property rent-by-the-room portfolio. Each unit offers comfortable living space with separate entrances, providing privacy and strong rental appeal. Currently operated as a rent-by-the-room investment, with 4 of 6 rooms occupied producing $3,300/month. At full occupancy, stabilized rent is $4,600/month. An excellent opportunity for investors or owner-occupants looking to house hack or add a strong cash-flowing asset to their portfolio.

Great Investment Property- turnkey duplex on Indy's near-eastside! Each unit features 1 bed/1 bath and is tenant-occupied for immediate cash flow with rents at $680 and $685/month. Functional layouts, steady income, and a convenient location close to downtown. Wether you're expanding your portfolio or searching for a reliable rental asset, this duplex is a solid, low-maintenance addition. Check it out!

Studs-up renovated duplex in Arsenal Heights - perfect house hack with 3bd/3ba per unit.

Rent-by-the-room machine generating $4,950/mo with dual kitchens and proven income.

Welcome to Fletcher Place, this stately Victorian duplex blends original character with smart modern updates and income flexibility. Sitting on a corner lot of approximately 0.22 acres, the home features 5 bedrooms and 4 full baths across multiple units. The first floor unit offers 2 beds, 2 baths, original hardwood floors, glazed-tile fireplaces, and a renovated kitchen. The upper levels include three additional bedrooms (one suite with ensuite bath), a flex space on the third floor ideal for a home office or studio, and a second renovated kitchen and bath. Recent upgrades include dual HVAC systems, new flooring, fresh interior paint, a modernized garage & door, and a mini-split system for the third floor. A one-car garage and alley access parking serve the property. Just minutes away from downtown, dining, and local culture, this is an opportunity for an owner-occupier to live in half and offset mortgage with the other, or hold both as income-producing assets. MLS #22064667 | Listed By Kristin Glassburn with @Properties

Upper-lower style duplex in an upward-moving part of town

Welcome to this spacious home that features an open, light-filled layout with multiple living areas, an updated kitchen, and a comfortable primary suite with a private bath. With 7 bedrooms and 3.5 baths, it offers generous space and flexibility for guests, office, or hobbies. Enjoy a nicely sized backyard with a deck, perfect for relaxing or entertaining. Located near dining, parks, and major commuter routes. Move-in ready and a must-see!

Fully updated duplex in the heart of Irvington. 4 beds, 3 baths per side, ideal for house hackers or investors with strong cash flow potential.

Brand new 2025 stacked duplex near Mass Ave with 3bd/2ba per unit and modern finishes throughout.

This classic 1920s duplex in vibrant Butler-Tarkington is a prime investment opportunity, offering $2,550 in current gross rents along with over 2,377 sqft across two occupied units, each with three bedrooms, hardwood floors, and unfinished basements for storage or expansion. This property boasts a solid brick/vinyl exterior, a two car garage, and a spacious lot in a desirable subdivision, just minutes from Tarkington Park, Tea's Me Cafe, Butler University, and downtown Indy. With strong rental demand and a walkable location near cultural hotspots, this fully rented duplex is ready for it's new owner. Don't miss this one!

This well-maintained duplex offers two spacious 2-bedroom, 1-bath units; both currently leased and generating solid income. Unit 37 is leased through March 31, 2026 at $895/month, while Unit 39 is leased through May 31, 2026 at $900/month. Enjoy immediate cash flow from day one with dependable tenants in place and strong rental performance.

Welcome to this well-maintained 2 bedroom 1 bath income-producing duplex located just minutes from Downtown Indianapolis that offers comfort, convenience, and great investment potential! Located in the rapidly developing Garfield Park area near the park, running trails, Garfield Brewery, Parkside Public House, and more! One side is currently leased and rented for $1030 /month. Market rents are $1100 / side. This move-in ready home features ample natural lighting, spacious living area's, and a partially fenced backyard. Also, enjoy the accessibility of in-unit laundry hookups and a detached 2 car garage. Check it out today!!

Check out this gorgeous historic Fountain Square duplex, just a minutes bike ride to the heart of Fountain Square and staple attractions like Bovacanti and Upland Brewery! This home features 4 bedrooms, 2 full bathrooms, and 2 half bathrooms split across two well-appointed units. Each unit includes its own one-car garage with new garage doors and a dividing wall installed in 2023 to create fully separate garage spaces. Both units have been thoughtfully updated with recessed lighting on the first and second floors (2023), new sump pumps (2023), and all new appliances in Unit 1905 (2023). Unit 1907 received a new electrical service panel (2023), a new hot water heater (2025), and new basement lighting (2025). Washer and dryer included in each unit. Located in Fountain Square, one of Indianapolis's most vibrant neighborhoods, residents enjoy walkable access to local restaurants, breweries, galleries, and the popular cultural district. The Pleasant Run Parkway provides a scenic corridor for walking and cycling, and downtown Indy is just a short drive away. Unit 1905: $1,625/mo, lease through 5/31/2026. Unit 1907: $1,675/mo, lease through 5/31/2026. Check it out before it's gone!

Discover a fully renovated classic on the Near-Eastside, this stylish 4‑square duplex blends historic charm with modern upgrades. Inside and out updated in 2023, both sides are leased at $1,100/month (tenants pay utilities). Each unit features over 1,050 sq ft, with new LVP flooring downstairs, fresh carpeting upstairs, bright paint, butcher block counters, stainless steel appliances, and fully redone kitchens and baths. Positioned on a high-growth corridor (now two-way traffic), this investment is poised for upside. Listed at $245,000.

Turnkey and worry-free, this fully occupied 2-bed / 2-bath duplex offers dependable rental income with minimal effort. Unit 77 is leased at $885/month through August 2025, and Unit 79 at $945/month through April 2026, tenants cover utilities other than water. Built in 1938, this ranch-style property features central air, a basement, and charming brick-and-aluminum exterior, all located within walking distance of Irvington’s shops, dining, and fast highway access. Listed at just $185,000, this is a rock-solid investment for cash flow investors.

This fully rented and cash-flowing, this turnkey Irvington duplex delivers $1,180/month in total rental income with reliable, long-term tenants: Unit 49: Month-to-Month, $580/month Unit 51: Month-to-Month, $600/month Ideally situated just steps from ALDI, Starbucks, Jockamo Pizza, and Lincoln Square Pancake House, this property offers unbeatable walkability and convenience. Located in one of Indianapolis’ most desirable rental corridors, it benefits from strong rental demand and proximity to Irvington Community Schools and public transit. With low maintenance needs and steady cash flow, this duplex is an excellent fit for both new and seasoned investors looking for a turnkey opportunity in a thriving neighborhood.