Indianapolis homes, investor picks, and Roots listings.

A 16-unit building bringing in $15,910 a month with another $2,890 sitting on the table once you fill the two vacant units. Two side-by-side 8-unit buildings at 2008 and 2012 E Washington, sold together as one package. Every unit is a one-bed, one-bath layout, fully renovated under current ownership. New flooring, fresh paint, updated fixtures, modern kitchens and bathrooms. Electronic locks on every door, so turnovers don't turn into a rekey project. Fourteen units are leased today. Rents run from $1,060 to $1,175, with most around $1,130. Stabilized at $1,175 across all 16, the property produces $18,800 a month, or $225,600 a year. Two of the eight units in 2008 are vacant and turn-ready. Lease them up and that upside is yours, no renovation required. The expense side is clean. Seventeen months of seller actuals show operating expenses averaging about $5,041 a month, or just over $60,000 a year. Insurance is one blanket policy across both buildings. Trash, pest, internet, and taxes are flat fixed costs. Maintenance ran a little hot in late 2025 while leaks were chased down, and that line is trending back to baseline now. At stabilized occupancy, expenses level out around $5,216 a month and net operating income lands near $163,000 before debt. Each building runs on two central HVAC systems, four across the package. Shared parking in the rear gives every tenant one space. Roof, electrical, plumbing, and HVAC were all inspected at acquisition and reports are available. East Washington is one of the more active corridors in Indianapolis right now. New businesses, real neighborhood investment, and quick access to downtown, Fountain Square, and Irvington. You're buying into the path of growth, not chasing it. Rent roll, profit and loss, and the full deal package are ready for qualified buyers.

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!

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!

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!

THE PERFECT HOUSE HACK! Stunning, fully renovated duplex in Arsenal Heights - just minutes to near east side staples. This is not your typical duplex - rebuilt and reconfigured from the foundation up with the utmost privacy in mind, the two units do not share any bedroom walls. Each unit features 3 bedrooms, 3 full bathrooms, a spacious lofted living area, and nearly 2,000 square feet of living space. Both units have been beautifully finished with granite countertops, stone backsplash, white shaker cabinetry, stainless steel appliances, LVP flooring, recessed lighting throughout.

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!

Welcome to 59 N Audubon, a rare and massive duplex located in the heart of historic Irvington-right on the circle and just steps from local favorites like Jockamo Upper Crust Pizza and Starbucks. This unbeatable location blends vibrant community living with timeless charm, surrounded by some of the most stunning historic architecture Indy has to offer. Each side of this beautifully renovated duplex offers 4 spacious bedrooms and 3 full bathrooms, ideal for house hackers, long-term investors, or those looking to maximize rental income. Thoughtful updates throughout preserve the character of the home while adding modern convenience and style. Inside, you'll find refinished original hardwoods, brand new kitchens with granite countertops and stainless steel appliances, new tile bathrooms with sleek LED mirrors, and luxury vinyl plank flooring in the upstairs living areas. With market rents at $2,500 per unit, this duplex offers exceptional cash flow from day one. Located in one of Indy's most desirable and appreciating neighborhoods, this is not just a property-it's a long-term wealth-building opportunity. Don't miss your chance to own a trophy asset in the heart of Irvington.

Check out this BRAND NEW duplex just north of Windsor Park and minutes to popular near north-side staples like Kan-Kan Cinema, Spades Park, and the Mass Ave Arts District! Built brand new in 2025 by NEU Group, this property features a unique stacked layout with one unit on top and one on the bottom - not your typical side-by-side duplex. Each unit offers 3 bedrooms and 2 full bathrooms with 1,250 sqft of modern living space, perfect for families, roommates, or working professionals.

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.

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.

1921–1923 Hillside Ave is a 4 bed / 2 bath duplex that’s already fully rented and cash flowing at $1,590/month, no guesswork, no downtime. This turnkey property comes with stable tenants in place, oversized units, and even a detached garage that renters love. Located near North Mass Boulder and upcoming NEU Group developments, the neighborhood is poised for strong appreciation over the next 3–5 years. Hold for steady income today, and ride the growth wave tomorrow.

Sold! This 3-bedroom, 1.5-bath home sits on a generously sized lot and offers convenient access to nearby shopping and amenities. A great opportunity for a first-time homebuyer or investor, the property had solid potential and only required minor repairs, making it an ideal choice for adding sweat equity. We were proud to represent the buyer in securing this value-packed home.

A beautifully preserved 1920s duplex in a sought-after neighborhood, this property spans six bedrooms and three baths, ideal for investors or extended families. With central air, a basement, and a detached garage, it combines timeless appeal with contemporary practicality. Its recent sale reflects strong market interest and value in Indianapolis’s multi-family sector.

Move-in ready duplex just minutes from Downtown Indianapolis and the heart of Irvington! One side is vacant with a projected market rent of $775-$800/month, while the other is leased at $725/month through May 31, 2026, providing immediate, stable income. Each unit includes an electric range, refrigerator, gas furnace, electric water heater, and central air, all professionally managed for ease of ownership. Tenants pay all utilities and handle yard maintenance, while mowing is covered by management. The property is non-smoking, pet-free, and features an unfinished basement and street parking. Whether you're an investor seeking reliable cash flow or an owner-occupant looking for an affordable start, this duplex offers both steady returns and prime location appeal in one of Indy's most convenient corridors.

This fully remodeled duplex is the ideal house hack, live in one side and rent the other to offset your mortgage. Each unit features 2 beds (with potential for a 3rd), 2 full baths, high-end finishes, and a newly finished basement, offering over 1,000+ sq ft of total living space per side. Projected long-term rents range from $1,400–$1,600/month per unit, or explore midterm rental potential at $2,000–$2,400/month for travel nurses or corporate stays. With both units vacant and move-in ready, you can move in tomorrow and start earning right away. Located minutes from downtown Indy, this is a rare, turn-key investment in a fast-growing rental corridor. |Listed by Ryan Radecki • Highgarden Real Estate| MLS - #22020969

This turnkey duplex features two spacious 2-bedroom, 1-bath units, one side currently leased at $1,025/month, and the other vacant and ready for your next tenant or personal move-in. Situated on a generous half-acre corner lot, the property includes a 2-car garage and a full basement, offering ample storage and potential. Located in the Cumberland neighborhood, residents enjoy proximity to shopping centers like Centre East and Washington Market, as well as recreational spots such as Paul Ruster Park, Post Road Community Park, and Raymond Park/Indy Island . With easy access to I-70 and I-465, commuting to Downtown Indianapolis is convenient. Whether you're an investor seeking steady rental income or a homeowner looking for a live-in investment, this duplex presents a valuable opportunity.

Our buyer purchased this fully renovated duplex with all cash, securing a standout investment with multiple income opportunities. One side featured a long-term tenant paying $1,945/month, while the other was move-in ready. The property had been fully updated with a new roof, siding, windows, plumbing, and electrical, plus modern interiors with LVP flooring, stylish kitchens, and tiled baths. With private decks, fenced yards, and a ready-to-finish attic for a potential third unit, this was an exceptional all-cash acquisition in a rapidly growing area.

RENTED FOR $1,795 through July 2027! GREAT CASH FLOW! Check out this freshly renovated 3B1B home right down the street from North Mass Boulder; perfect for any investor looking to own close to Indy's north side amenities. This home has new LVP in the main living spaces, and fresh carpet in all three bedrooms. Chef's kitchen comes equipped with new cabinetry and stainless steel appliances. Plenty of space for a formal dining room table. Lots of gravel space in the front for off street parking.

nvestor-ready duplex available as a standalone purchase or together with the identical duplex next door. This property is fully occupied, producing $1,365/month in rent (Unit 926 at $725/month and Unit 928 at $640/month). Tenants pay all utilities, keeping operating expenses low. When purchased with the neighboring duplex, 3 out of 4 total units are currently leased, generating $2,090/month in current rents. Leasing the remaining vacant unit brings total portfolio rents to approximately $2,800/month. Each unit includes an electric range, refrigerator, gas furnace, electric water heater, window units. The property is professionally managed, non-smoking, and pet-free, with an unfinished basement for storage. Tenants handle yard maintenance, with mowing managed. Street parking available.