640 Woodruff Place Middle Drive, Indianapolis, IN 46201
- $525,000
- List Price
- $525,000
- MLS#
- 22089350
- Status
- ACTIVE
- Days on Market
- 133
Property Description
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 new sewer, 3 of the 4 units have had remodeled bathrooms, 2 of the units have had the Kitchens remodeled, new AC in Unit 3, Roof was replaced in 2021 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.
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Additional Information
- Expenses
- 23879
- Tenant Pays
- Cable TV, Electricity
- Owner Pays
- Gas, Ins Hazard, Insurance, Lawncare, Taxes, Sewer, Trash Collection, Water
- Acres
- 0.12
- Heat
- Forced Air
- Cooling
- Central Air
- Region
- Center
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Listing courtesy of F.C. Tucker Company.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative