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640 Woodruff Place Middle Drive Indianapolis, IN $ 525,000
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$ 525,000 Get more info
640 Woodruff Place Middle Drive
$ 525,000
Back to search
Share Save

640 Woodruff Place Middle Drive

Indianapolis, IN, 46201
$ 525,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 3,626

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Multi-Family Home for sale in Indianapolis, IN

for $525,000. This home was built in 1910 on a lot size of 0.12.

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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Multi-Family Active

Price

$ 525,000

Property Type

Multi-Family

Taxes

$ 10,316

Style

Lot Size

0.12

Year Built

1910

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22089350
Features
General
Heating Forced Air
Cooling Central Air
Possession Subject To Tenant Rights
Zoning D5
Year Built 1910
Tenant Pays Cable TV Electricity
Township Center
Property Subtype Quadruplex
Tax Year 2024
Current Use Apt<20
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Woodruff Place
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 4
MLS Area 4910 - Marion - Center
Lot Size Square Feet 5140
Standard Status Active
Tax Lot 101
Legal Description Woodruff Place 49.7' N Side L77
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Interior
Basement (Y/N) Y
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Exterior
Lot Size Acres 0.12
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* Excluded Features
List By
F.C. Tucker Company

Broker

sarah.fishburn@talktotucker.com

Email

Affordability Calculator

$4,486
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,626
Monthly Property Taxes
$860
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
See complete school information
Pricing History
Date Price Price Change Description
3/16/2026 $525,000 Listed Price

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640 Woodruff Place Middle Drive, Indianapolis, IN, 46201 is a Multi-Family Home for sale at $525,000 with a lot size of 0.12. 640 Woodruff Place Middle Drive has 0.0 baths and was built in 1910. The property's zip code is 46201 which is in Indianapolis, IN

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