609 Woodruff Place Middle Drive Indianapolis, IN $ 775,000
609 Woodruff Place Middle Drive
$ 775,000
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609 Woodruff Place Middle Drive

Indianapolis, IN, 46201
$ 775,000
Bedrooms-- Baths-- Sq 5,670

Monthly Estimate*

$ 5,353

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Commercial Property for sale in Indianapolis, IN

for $775,000. This 5,670 square foot building was built on a lot size of 0.23.

Investor opportunity in the beautiful historic Woodruff Place! This 5-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 a new boiler installed at the end of 2025, new water heaters installed in 2025, and two units that have been fully renovated, offering a mix of updated living spaces 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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Commercial Active

Price

$ 775,000

Property Type

Commercial

Taxes

$ 17,458

Style

Multi Family

Lot Size

0.23

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22088926

Features
General
Heating Hot Water
Cooling Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Subject To Tenant Rights
Zoning D5
Garage Spaces 3
Tenant Pays Cable TV Electricity Insurance
Township Center
Levels Two
Property Subtype Multi Family
Tax Year 2024
Current Use Apt<20
County Marion
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 5
MLS Area 4910 - Marion - Center
Lot Size Square Feet 9860
Structure Type Apartment Building
Standard Status Active
Tax Lot 101
Legal Description Woodruff Pl 20Ft S Side L76 38Ft N Side L74
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Exterior
Parking Features Detached
Building Area Total 5670
Lot Size Acres 0.23
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Interior
Basement (Y/N) Y
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* Excluded Features
List By
F.C. Tucker Company

Broker

sarah.fishburn@talktotucker.com

Email

Affordability Calculator

$6,808
Per Month
79%
21%
0%
Monthly Principal & Interest
$5,353
Monthly Property Taxes
$1,455
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
Date Price Price Change Description
3/16/2026 $775,000 Listed Price

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609 Woodruff Place Middle Drive, Indianapolis, IN, 46201 is a Commercial Property for sale at $775,000 with 5,670 sqft and a lot size of 0.23. The property's zip code is 46201 which is in Indianapolis, IN