Real Estate Investment Properties for Sale in Indianapolis, IN

Looking for investment property in Indianapolis, IN with high ROI ?

Explore a variety of short-term homes & houses in Indianapolis, IN. Invest wisely with VRBO & Indianapolis, IN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Multi Family for Sale in Indianapolis, IN

Search for Multi Family for Sale in Indianapolis, Indiana. Browse all of Mashvisor’s Multi Family listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 115 Multi Family listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1808 E Washington Street Indianapolis, IN Welcome to this Victorian colonial style residential duplex located in Indianapolis Indian...	N/A beds \| N/A baths \| N/A	$225,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 2.56% Airbnb Rental Income: $988 Traditional Rental Income: $933 Airbnb ROI: 1.16% Traditional ROI: 2.56%
1102 N Dearborn Street Indianapolis, IN Turnkey duplex in Brookside neighborhood, just 5 minutes from downtown Indianapolis. Featu...	N/A beds \| N/A baths \| N/A	$229,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 2.2% Airbnb Rental Income: $748 Traditional Rental Income: $996 Airbnb ROI: -0.39% Traditional ROI: 2.2%
319 N Dequincy Street Indianapolis, IN INVESTOR SPECIAL! Properties are offered as a portfolio or select groupings: 5708 N Keysto...	N/A beds \| N/A baths \| N/A	$280,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 1.71% Airbnb Rental Income: $931 Traditional Rental Income: $940 Airbnb ROI: 0.37% Traditional ROI: 1.71%
246 N Beville Avenue Indianapolis, IN Located just east of downtown, this modern duplex is rented and ready for its next owner! ...	N/A beds \| N/A baths \| N/A	$284,900	Airbnb cash on cash: 0.75% Traditional cash on cash: 1.99% Airbnb Rental Income: $931 Traditional Rental Income: $921 Airbnb ROI: 0.75% Traditional ROI: 1.99%
421 Villa Avenue Indianapolis, IN Investor and owner-occupant opportunity at 421-423 Villa Ave in Indianapolis! This side-by...	N/A beds \| N/A baths \| N/A	$149,000	Airbnb cash on cash: 2.02% Traditional cash on cash: 4.7% Airbnb Rental Income: $954 Traditional Rental Income: $988 Airbnb ROI: 2.02% Traditional ROI: 4.7%
3258 Winthrop Avenue Indianapolis, IN Investment Opportunity in a PRIME LOCATION! 3258/60 Winthrop. This impressive duplex is co...	N/A beds \| N/A baths \| N/A	$225,000	Airbnb cash on cash: 1.75% Traditional cash on cash: 2.31% Airbnb Rental Income: $1211 Traditional Rental Income: $940 Airbnb ROI: 1.75% Traditional ROI: 2.31%
339 N Walcott Street Indianapolis, IN Well-maintained and high-performing medium term rental opportunity near downtown Indianapo...	N/A beds \| N/A baths \| N/A	$340,000	Airbnb cash on cash: -2.14% Traditional cash on cash: -1.06% Airbnb Rental Income: $748 Traditional Rental Income: $778 Airbnb ROI: -2.14% Traditional ROI: -1.06%
102 N Denny Street Indianapolis, IN Stunning value on this cash-flowing, updated Tuxedo Park multi-family property. Two story...	N/A beds \| N/A baths \| N/A	$180,000	Airbnb cash on cash: -1.42% Traditional cash on cash: 2.08% Airbnb Rental Income: $748 Traditional Rental Income: $1034 Airbnb ROI: -1.42% Traditional ROI: 2.08%
2912-2914 Collier Street Indianapolis, IN HIGH INCOME PRODUCING INVESTMENT OPPORTUNITY!!! Residents pay monthly rent of $900 & $875....	N/A beds \| N/A baths \| N/A	$149,950	Airbnb cash on cash: 2.01% Traditional cash on cash: 4.55% Airbnb Rental Income: $970 Traditional Rental Income: $983 Airbnb ROI: 2.01% Traditional ROI: 4.55%
3852 N Pennsylvania Street Indianapolis, IN REDUCED! Meridian-Kessler two-way facing double for ultimate privacy of tenants. Driveways...	N/A beds \| N/A baths \| N/A	$399,900	Airbnb cash on cash: -0.64% Traditional cash on cash: 0.47% Airbnb Rental Income: $863 Traditional Rental Income: $946 Airbnb ROI: -0.64% Traditional ROI: 0.47%
1703 E 34th Street Indianapolis, IN Fully tenanted property with incredible cashflow. Second photo shows double lot size. Owne...	N/A beds \| N/A baths \| N/A	$180,700	Airbnb cash on cash: 0.16% Traditional cash on cash: 4.33% Airbnb Rental Income: $822 Traditional Rental Income: $1213 Airbnb ROI: 0.16% Traditional ROI: 4.33%
137 S Sheridan Avenue Indianapolis, IN Fantastic Cash flowing duplex! 137 side is vacant and has been updated within the last tw...	N/A beds \| N/A baths \| N/A	$134,900	Airbnb cash on cash: 2.55% Traditional cash on cash: 7.89% Airbnb Rental Income: $1061 Traditional Rental Income: $1387 Airbnb ROI: 2.55% Traditional ROI: 7.89%
1637 Lawrence Avenue Indianapolis, IN Updated all brick home near the campus of University of Indianapolis with two bedrooms and...	N/A beds \| N/A baths \| N/A	$320,000	Airbnb cash on cash: -1.59% Traditional cash on cash: 0.57% Airbnb Rental Income: $614 Traditional Rental Income: $972 Airbnb ROI: -1.59% Traditional ROI: 0.57%
3042-3044 English Avenue Indianapolis, IN Duplex on near East side of Indianapolis. Both units have 1 bedroom and 1 full bath with K...	N/A beds \| N/A baths \| N/A	$160,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 2.98% Airbnb Rental Income: $896 Traditional Rental Income: $883 Airbnb ROI: 0.85% Traditional ROI: 2.98%
40 N Lasalle Street Indianapolis, IN Welcome to 40 N Lasalle, where this charming duplex awaits you! This is the perfect opport...	N/A beds \| N/A baths \| N/A	$189,999	Airbnb cash on cash: 8.42% Traditional cash on cash: 2.91% Airbnb Rental Income: $2515 Traditional Rental Income: $912 Airbnb ROI: 8.42% Traditional ROI: 2.91%
1464 N Chester Avenue Indianapolis, IN TURNKEY INVESTMENT OPPORTUNITY. Step into this beautifully updated 1-bedroom, 1-bathroom p...	N/A beds \| N/A baths \| N/A	$159,900	Airbnb cash on cash: 0.43% Traditional cash on cash: 3.24% Airbnb Rental Income: $748 Traditional Rental Income: $863 Airbnb ROI: 0.43% Traditional ROI: 3.24%
2137 Bellefontaine Street Indianapolis, IN "INVESTORS! Ready to Build hard to find QUADPLEX on the MONON TRAIL in sought after Kenn...	N/A beds \| N/A baths \| N/A	$680,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 1.21% Airbnb Rental Income: $857 Traditional Rental Income: $1529 Airbnb ROI: -0.37% Traditional ROI: 1.21%
3960 N Illinois Street Indianapolis, IN An excellent turn key opportunity in Butler-Tarkington, just steps from Tarkington Park an...	N/A beds \| N/A baths \| N/A	$399,999	Airbnb cash on cash: 0.31% Traditional cash on cash: 2.36% Airbnb Rental Income: $1211 Traditional Rental Income: $1590 Airbnb ROI: 0.31% Traditional ROI: 2.36%
1622-1624 Prospect Street Indianapolis, IN This stunning, fully remodeled duplex offers two spacious 1,975 sq. ft. units (3,940 sq. f...	N/A beds \| N/A baths \| N/A	$529,900	Airbnb cash on cash: -1.49% Traditional cash on cash: -0.86% Airbnb Rental Income: $988 Traditional Rental Income: $947 Airbnb ROI: -1.49% Traditional ROI: -0.86%
505 W 40th Street Indianapolis, IN Incredibly rare, 2-story historic multi-family property in Butler-Tarkington neighborhood....	N/A beds \| N/A baths \| N/A	$175,000	Airbnb cash on cash: 2.25% Traditional cash on cash: 2.23% Airbnb Rental Income: $1371 Traditional Rental Income: $950 Airbnb ROI: 2.25% Traditional ROI: 2.23%
2407 N Capitol Avenue Indianapolis, IN Step into a rare investment opportunity where style, flexibility, and income potential con...	N/A beds \| N/A baths \| N/A	$674,900	Airbnb cash on cash: -0.69% Traditional cash on cash: 3.93% Airbnb Rental Income: $1024 Traditional Rental Income: $3574 Airbnb ROI: -0.69% Traditional ROI: 3.93%
247-249 S Emerson Avenue Indianapolis, IN Located at 247-249 S Emerson AVE, INDIANAPOLIS, IN, this duplex offers a unique opportunit...	N/A beds \| N/A baths \| N/A	$385,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 1.05% Airbnb Rental Income: $1061 Traditional Rental Income: $1044 Airbnb ROI: 0.08% Traditional ROI: 1.05%
1706 Ingram Street Indianapolis, IN Turnkey New Construction townhome! Strong Cash Flow & Upside. The Unit Mix: 3 bed/2 bath ...	N/A beds \| N/A baths \| N/A	$435,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 1.98% Airbnb Rental Income: $931 Traditional Rental Income: $1318 Airbnb ROI: 0.18% Traditional ROI: 1.98%
3626 Birchwood Avenue Indianapolis, IN Located at 3626 Birchwood Ave in the revitalizing Mapleton-Fall Creek neighborhood, this f...	N/A beds \| N/A baths \| N/A	$357,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 0.12% Airbnb Rental Income: $1143 Traditional Rental Income: $979 Airbnb ROI: -0.52% Traditional ROI: 0.12%
2413 Guilford Avenue Indianapolis, IN Don't miss this prime investment opportunity located just steps from the Monon Trail and m...	N/A beds \| N/A baths \| N/A	$280,000	Airbnb cash on cash: 0% Traditional cash on cash: 1.92% Airbnb Rental Income: $857 Traditional Rental Income: $1031 Airbnb ROI: 0% Traditional ROI: 1.92%
1338 Norton Avenue Indianapolis, IN Investor Alert! Cash flowing duplex available now! Each unit has 2 bedrooms and 1 full b...	N/A beds \| N/A baths \| N/A	$209,900	Airbnb cash on cash: -1.98% Traditional cash on cash: -0.05% Airbnb Rental Income: $614 Traditional Rental Income: $707 Airbnb ROI: -1.98% Traditional ROI: -0.05%
3247 W Morris Street Indianapolis, IN Back on market at no fault of the units. Buyer unable to secure financing. Calling All Inv...	N/A beds \| N/A baths \| N/A	$219,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 2.96% Airbnb Rental Income: $920 Traditional Rental Income: $1215 Airbnb ROI: -0.12% Traditional ROI: 2.96%
1627 N Talbott Street Indianapolis, IN Located just minutes from downtown Indianapolis, this multifamily property offers signific...	N/A beds \| N/A baths \| N/A	$260,000	Airbnb cash on cash: -2.62% Traditional cash on cash: -0.67% Airbnb Rental Income: $857 Traditional Rental Income: $1005 Airbnb ROI: -2.62% Traditional ROI: -0.67%
1312 N Dearborn Street Indianapolis, IN Investor/House Hack Opportunity - 1312 & 1314 N Dearborn St Recently updated duplex off...	N/A beds \| N/A baths \| N/A	$260,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 2.01% Airbnb Rental Income: $748 Traditional Rental Income: $1004 Airbnb ROI: -0.32% Traditional ROI: 2.01%
2421 N Capitol Avenue Indianapolis, IN Fully Renovated Duplex Near Ivy Tech - Turnkey Investment or Owner-Occupant Opportunity! ...	N/A beds \| N/A baths \| N/A	$430,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 0.96% Airbnb Rental Income: $1024 Traditional Rental Income: $1046 Airbnb ROI: 0.01% Traditional ROI: 0.96%
1020-1022 N Rural Street Indianapolis, IN Turnkey duplex close to downtown that's ready for you to call this home, add to your inves...	N/A beds \| N/A baths \| N/A	$209,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 1.96% Airbnb Rental Income: $748 Traditional Rental Income: $863 Airbnb ROI: -0.2% Traditional ROI: 1.96%
227 N Hamilton Avenue Indianapolis, IN Exceptional investment opportunity in Downtown Indianapolis! This brand-new, all-brick dup...	N/A beds \| N/A baths \| N/A	$499,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 1.58% Airbnb Rental Income: $748 Traditional Rental Income: $1323 Airbnb ROI: -0.33% Traditional ROI: 1.58%
2143 Columbia Avenue Indianapolis, IN Exceptional investment opportunity in Downtown Indianapolis! This brand-new, all-brick dup...	N/A beds \| N/A baths \| N/A	$499,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 1.6% Airbnb Rental Income: $1024 Traditional Rental Income: $1322 Airbnb ROI: 0.19% Traditional ROI: 1.6%
226 N Randolph Street Indianapolis, IN Exceptional investment opportunity in Downtown Indianapolis! This brand-new, all-brick dup...	N/A beds \| N/A baths \| N/A	$499,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 1.55% Airbnb Rental Income: $988 Traditional Rental Income: $1323 Airbnb ROI: 0.07% Traditional ROI: 1.55%
3021 Boulevard Place Indianapolis, IN For investors, house hackers, or visionaries, this is the one you have been waiting for! C...	N/A beds \| N/A baths \| N/A	$130,000	Airbnb cash on cash: 3% Traditional cash on cash: 2.82% Airbnb Rental Income: $1211 Traditional Rental Income: $798 Airbnb ROI: 3% Traditional ROI: 2.82%
3411 Brookside Pkwy S Drive Indianapolis, IN 3411 Brookside Parkway South Drive is a remarkable home that is poised to welcome its new ...	N/A beds \| N/A baths \| N/A	$285,000	Airbnb cash on cash: -0.63% Traditional cash on cash: 0.05% Airbnb Rental Income: $1095 Traditional Rental Income: $905 Airbnb ROI: -0.63% Traditional ROI: 0.05%
5917 Carrollton Avenue Indianapolis, IN SHORT SALE DEAL ALERT!! Discover an incredibly rare investment opportunity at 5917 Carroll...	N/A beds \| N/A baths \| N/A	$300,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 1.71% Airbnb Rental Income: $1317 Traditional Rental Income: $1096 Airbnb ROI: 1.05% Traditional ROI: 1.71%
3046-3052 English Avenue Indianapolis, IN Duplex on near East side of Indianapolis. 1 bedroom and 1 full bath on each unit with Kit...	N/A beds \| N/A baths \| N/A	$160,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 0.72% Airbnb Rental Income: $830 Traditional Rental Income: $580 Airbnb ROI: 0.21% Traditional ROI: 0.72%
2629 E Michigan Street Indianapolis, IN Discover the inviting home awaiting you at 2629 E Michigan St, Indianapolis, IN. This newl...	N/A beds \| N/A baths \| N/A	$299,999	Airbnb cash on cash: 0.59% Traditional cash on cash: 1.33% Airbnb Rental Income: $1095 Traditional Rental Income: $932 Airbnb ROI: 0.59% Traditional ROI: 1.33%
2321 Guilford Avenue Indianapolis, IN Steps from the Monon Trail and sitting at the center of one of Indianapolis' most actively...	N/A beds \| N/A baths \| N/A	$310,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 1.14% Airbnb Rental Income: $1024 Traditional Rental Income: $963 Airbnb ROI: 0.11% Traditional ROI: 1.14%

Your search for investment property begins and ends here

Multi Family for Sale in Indianapolis, IN

1808 E Washington Street

Indianapolis, IN

N/A beds | N/A baths | N/A

$225,000

Airbnb cash on cash: 1.16%

Traditional cash on cash: 2.56%

Airbnb Rental Income: $988

Traditional Rental Income: $933

Airbnb ROI: 1.16%

Traditional ROI: 2.56%

1102 N Dearborn Street

Indianapolis, IN

N/A beds | N/A baths | N/A

$229,000

Airbnb cash on cash: -0.39%

Traditional cash on cash: 2.2%

Airbnb Rental Income: $748

Traditional Rental Income: $996

Airbnb ROI: -0.39%

Traditional ROI: 2.2%

319 N Dequincy Street

Indianapolis, IN

N/A beds | N/A baths | N/A

$280,000

Airbnb cash on cash: 0.37%

Traditional cash on cash: 1.71%

Airbnb Rental Income: $931

Traditional Rental Income: $940

Airbnb ROI: 0.37%

Traditional ROI: 1.71%

246 N Beville Avenue

Indianapolis, IN

N/A beds | N/A baths | N/A

$284,900

Airbnb cash on cash: 0.75%

Traditional cash on cash: 1.99%

Airbnb Rental Income: $931

Traditional Rental Income: $921

Airbnb ROI: 0.75%

Traditional ROI: 1.99%

421 Villa Avenue

Indianapolis, IN

N/A beds | N/A baths | N/A

$149,000

Airbnb cash on cash: 2.02%

Traditional cash on cash: 4.7%

Airbnb Rental Income: $954

Traditional Rental Income: $988

Airbnb ROI: 2.02%

Traditional ROI: 4.7%

3258 Winthrop Avenue

Indianapolis, IN

N/A beds | N/A baths | N/A

$225,000

Airbnb cash on cash: 1.75%

Traditional cash on cash: 2.31%

Airbnb Rental Income: $1211

Traditional Rental Income: $940

Airbnb ROI: 1.75%

Traditional ROI: 2.31%

339 N Walcott Street

Indianapolis, IN

N/A beds | N/A baths | N/A

$340,000

Airbnb cash on cash: -2.14%

Traditional cash on cash: -1.06%

Airbnb Rental Income: $748

Traditional Rental Income: $778

Airbnb ROI: -2.14%

Traditional ROI: -1.06%

102 N Denny Street

Indianapolis, IN

N/A beds | N/A baths | N/A

$180,000

Airbnb cash on cash: -1.42%

Traditional cash on cash: 2.08%

Airbnb Rental Income: $748

Traditional Rental Income: $1034

Airbnb ROI: -1.42%