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 167 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
1102 N Dearborn St Indianapolis, IN Turnkey duplex in Brookside neighborhood, just 5 minutes from downtown Indianapolis. Featu...	5 beds \| N/A baths \| 2,693 sq.ft.	$229,000	Airbnb cash on cash: -0.09% Traditional cash on cash: 2.2% Airbnb Rental Income: $826 Traditional Rental Income: $996 Airbnb ROI: -0.09% Traditional ROI: 2.2%
401 S Randolph St Indianapolis, IN Investor or House Hack Opportunity Near Fountain Square! Discover this duplex featuring t...	4 beds \| N/A baths \| 3,808 sq.ft.	$194,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 3.15% Airbnb Rental Income: $1009 Traditional Rental Income: $978 Airbnb ROI: 1.38% Traditional ROI: 3.15%
60 S Mount St Indianapolis, IN Looking for an income generating duplex minutes from downtown? This duplex has two townhom...	4 beds \| N/A baths \| 4,608 sq.ft.	$159,900	Airbnb cash on cash: -0.73% Traditional cash on cash: 3.39% Airbnb Rental Income: $781 Traditional Rental Income: $1091 Airbnb ROI: -0.73% Traditional ROI: 3.39%
3723 N Kenwood Ave Indianapolis, IN Excellent location just off Meridian and close enough to downtown for a cheap uber ride to...	4 beds \| 2 baths \| N/A	$192,900	Airbnb cash on cash: 6.65% Traditional cash on cash: 2.38% Airbnb Rental Income: $2131 Traditional Rental Income: $805 Airbnb ROI: 6.65% Traditional ROI: 2.38%
626-628 N Oxford Street Indianapolis, IN Turnkey duplex in a rapidly growing area-perfect for investors! This all-brick property fe...	N/A beds \| N/A baths \| N/A	$165,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 3.53% Airbnb Rental Income: $826 Traditional Rental Income: $944 Airbnb ROI: 0.7% Traditional ROI: 3.53%
417 W 39th Street Indianapolis, IN INVESTOR ALERT! Located in the highly regarded Butler Tarkington neighborhood, 417-419 W 3...	5 beds \| 3 baths \| N/A	$250,000	Airbnb cash on cash: 3.76% Traditional cash on cash: 0.82% Airbnb Rental Income: $2131 Traditional Rental Income: $892 Airbnb ROI: 3.76% Traditional ROI: 0.82%
717 N Grant Avenue Indianapolis, IN Welcome to 717-719 N Grant Ave, an exceptional duplex in the improving near east side neig...	N/A beds \| N/A baths \| N/A	$275,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 1.95% Airbnb Rental Income: $826 Traditional Rental Income: $972 Airbnb ROI: 0.13% Traditional ROI: 1.95%
2455 Shelby St Indianapolis, IN Discover the inviting multi-family residence, a ready-to-move-in property awaiting its nex...	8 beds \| N/A baths \| 3,058 sq.ft.	$445,000	Airbnb cash on cash: -1.51% Traditional cash on cash: 1.42% Airbnb Rental Income: $332 Traditional Rental Income: $1310 Airbnb ROI: -1.51% Traditional ROI: 1.42%
2805 Boulevard Pl Indianapolis, IN Welcome to 2805 Boulevard Place - a versatile top/bottom duplex in the rapidly developing ...	4 beds \| N/A baths \| 2,960 sq.ft.	$199,000	Airbnb cash on cash: -0.09% Traditional cash on cash: 2.01% Airbnb Rental Income: $921 Traditional Rental Income: $976 Airbnb ROI: -0.09% Traditional ROI: 2.01%
28 S Dearborn St Indianapolis, IN Great investment opportunity. Fully remodeled Duplex minutes away from downtown Indy; both...	5 beds \| N/A baths \| 2,266 sq.ft.	$275,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 5.38% Airbnb Rental Income: $826 Traditional Rental Income: $1845 Airbnb ROI: 0.19% Traditional ROI: 5.38%
102 N Denny St Indianapolis, IN Near East side duplex in Tuxedo Park, with 3 bedrooms, 1 bathroom, full basement and cover...	6 beds \| N/A baths \| 236,900 sq.ft.	$190,000	Airbnb cash on cash: -1.03% Traditional cash on cash: 1.85% Airbnb Rental Income: $826 Traditional Rental Income: $1034 Airbnb ROI: -1.03% Traditional ROI: 1.85%
1931 N Oxford St Indianapolis, IN Excellent opportunity for investors and house hackers seeking a solid duplex with upside i...	2 beds \| N/A baths \| 2,377,760 sq.ft.	$135,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 4.04% Airbnb Rental Income: $706 Traditional Rental Income: $894 Airbnb ROI: 0.23% Traditional ROI: 4.04%
3042-3044 English Ave Indianapolis, IN Duplex on near East side of Indianapolis. Both units have 1 bedroom and 1 full bath with K...	1 beds \| N/A baths \| 260 sq.ft.	$160,000	Airbnb cash on cash: -1.06% Traditional cash on cash: 2.98% Airbnb Rental Income: $545 Traditional Rental Income: $883 Airbnb ROI: -1.06% Traditional ROI: 2.98%
1701 Woodlawn Avenue Indianapolis, IN Discover an exceptional opportunity in the heart of Fountain Square, one of Indianapolis' ...	N/A beds \| N/A baths \| N/A	$299,900	Airbnb cash on cash: -0.75% Traditional cash on cash: 3.88% Airbnb Rental Income: $815 Traditional Rental Income: $1795 Airbnb ROI: -0.75% Traditional ROI: 3.88%
40 N Lasalle St Indianapolis, IN Welcome to 40 N Lasalle, where this charming duplex awaits you! This is the perfect opport...	4 beds \| N/A baths \| 2,964 sq.ft.	$209,990	Airbnb cash on cash: 0.48% Traditional cash on cash: 2.55% Airbnb Rental Income: $826 Traditional Rental Income: $912 Airbnb ROI: 0.48% Traditional ROI: 2.55%
602 S Biltmore Avenue Indianapolis, IN Turnkey All-Brick Duplex in Indianapolis - Ideal Investment Opportunity! This fantastic...	N/A beds \| N/A baths \| N/A	$215,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 4.55% Airbnb Rental Income: $1235 Traditional Rental Income: $1432 Airbnb ROI: 1.64% Traditional ROI: 4.55%
1602 Quill Street Indianapolis, IN New construction- multi-family unit with 3 bedrooms and 2 full baths per unit. Stacked dup...	N/A beds \| N/A baths \| N/A	$380,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 2.35% Airbnb Rental Income: $849 Traditional Rental Income: $1315 Airbnb ROI: 0.11% Traditional ROI: 2.35%
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: 0.29% Traditional cash on cash: 1.21% Airbnb Rental Income: $1365 Traditional Rental Income: $1529 Airbnb ROI: 0.29% Traditional ROI: 1.21%
3135 Kentucky Ave Indianapolis, IN Introducing a versatile commercial property tailored to your business needs! This spacious...	4 beds \| N/A baths \| 1,600 sq.ft.	$214,900	Airbnb cash on cash: 0.47% Traditional cash on cash: 4.37% Airbnb Rental Income: $833 Traditional Rental Income: $1299 Airbnb ROI: 0.47% Traditional ROI: 4.37%
3513 N Kenwood Ave Indianapolis, IN Seize this rare chance to build instant equity with this spacious duplex, offering over 1,...	6 beds \| N/A baths \| 2,636 sq.ft.	$209,900	Airbnb cash on cash: 1.3% Traditional cash on cash: 2.21% Airbnb Rental Income: $1110 Traditional Rental Income: $916 Airbnb ROI: 1.3% Traditional ROI: 2.21%
6226 E 21st Street Indianapolis, IN This well-maintained & recently updated duplex is a fantastic opportunity for savvy invest...	N/A beds \| N/A baths \| N/A	$165,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 2.03% Airbnb Rental Income: $857 Traditional Rental Income: $740 Airbnb ROI: 0.67% Traditional ROI: 2.03%
1610 Hoefgen Street Indianapolis, IN Perfect Investment Opportunity! 2-unit duplex close to downtown, shopping, and easy inters...	2 beds \| 2 baths \| N/A	$94,900	Airbnb cash on cash: 0.85% Traditional cash on cash: 1.72% Airbnb Rental Income: $815 Traditional Rental Income: $571 Airbnb ROI: 0.85% Traditional ROI: 1.72%
1036 N Parker Ave Indianapolis, IN Price just improved again! Seller is repositioning to meet the market and is open to clean...	8 beds \| N/A baths \| 2,783,308 sq.ft.	$395,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 0.94% Airbnb Rental Income: $937 Traditional Rental Income: $1163 Airbnb ROI: -0.61% Traditional ROI: 0.94%
1622-1624 Prospect Street Indianapolis, IN MOTIVATED SELLER WILLING TO PROVIDE RATE BUYDOWN WITH AGREEABLE OFFER. Discover a remarka...	N/A beds \| N/A baths \| N/A	$649,900	Airbnb cash on cash: -1.64% Traditional cash on cash: -0.89% Airbnb Rental Income: $815 Traditional Rental Income: $947 Airbnb ROI: -1.64% Traditional ROI: -0.89%
505 W 40th St Indianapolis, IN Incredibly rare, 2-story historic multi-family property in Butler-Tarkington neighborhood....	5 beds \| N/A baths \| 3,744 sq.ft.	$195,000	Airbnb cash on cash: 2.04% Traditional cash on cash: 1.91% Airbnb Rental Income: $1396 Traditional Rental Income: $950 Airbnb ROI: 2.04% Traditional ROI: 1.91%
950-952 N California St Indianapolis, IN Properties being sold as a package and sale includes these 3 parcels: 49-11-02-149-013.000...	20 beds \| N/A baths \| 11,078 sq.ft.	$1,300,000	Airbnb cash on cash: -1.36% Traditional cash on cash: -0.74% Airbnb Rental Income: $938 Traditional Rental Income: $1340 Airbnb ROI: -1.36% Traditional ROI: -0.74%
2018 Prospect St Indianapolis, IN 2018 Prospect St, this attractive property presents a unique opportunity to own a piece of...	2 beds \| N/A baths \| 3,180 sq.ft.	$500,000	Airbnb cash on cash: -1.97% Traditional cash on cash: -0.05% Airbnb Rental Income: $747 Traditional Rental Income: $1334 Airbnb ROI: -1.97% Traditional ROI: -0.05%
247-249 S Emerson Ave Indianapolis, IN Located at 247-249 S Emerson AVE, INDIANAPOLIS, IN, this duplex offers a unique opportunit...	3 beds \| N/A baths \| 2,772 sq.ft.	$395,000	Airbnb cash on cash: N/A Traditional cash on cash: 1% Airbnb Rental Income: $null Traditional Rental Income: $1044 Airbnb ROI: N/A Traditional ROI: 1%
2866-2868 Highland Place Indianapolis, IN This property is being sold as-is and where-is. Investment opportunity in the Crown Hill a...	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 4.71% Airbnb Rental Income: $921 Traditional Rental Income: $968 Airbnb ROI: 1.48% Traditional ROI: 4.71%
221 S State Ave Indianapolis, IN Location location location 3 minutes from downtown Indy and 5 minutes from Fountain Square...	6 beds \| N/A baths \| 3,360 sq.ft.	$155,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 4.29% Airbnb Rental Income: $815 Traditional Rental Income: $967 Airbnb ROI: 1.07% Traditional ROI: 4.29%
1328-1330 N Chester Ave Indianapolis, IN Investor-ready opportunity in the heart of Indianapolis-this duplex at 1328-1330 North Che...	2 beds \| N/A baths \| 1,200 sq.ft.	$182,000	Airbnb cash on cash: 1.08% Traditional cash on cash: 0.86% Airbnb Rental Income: $937 Traditional Rental Income: $554 Airbnb ROI: 1.08% Traditional ROI: 0.86%
1631 Montcalm St Indianapolis, IN Look at this Turnkey New Construction Duplex! Strong Cash Flow & Upside Unit Mix: 3 bed/2 ...	3 beds \| N/A baths \| 2,592 sq.ft.	$405,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 2.07% Airbnb Rental Income: $690 Traditional Rental Income: $1318 Airbnb ROI: -0.38% Traditional ROI: 2.07%
1706 Ingram St Indianapolis, IN Turnkey New Construction Duplex! Strong Cash Flow & Upside. The Unit Mix: 3 bed/2 bath pe...	3 beds \| N/A baths \| 2,592 sq.ft.	$435,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 1.98% Airbnb Rental Income: $826 Traditional Rental Income: $1318 Airbnb ROI: -0.03% Traditional ROI: 1.98%
1717 Ingram Street Indianapolis, IN Modern New Construction Duplex in Martindale-Brightwood \| Investment or House Hack Opportu...	N/A beds \| N/A baths \| N/A	$405,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 2.19% Airbnb Rental Income: $826 Traditional Rental Income: $1318 Airbnb ROI: 0.04% Traditional ROI: 2.19%
634 E 37th St Indianapolis, IN Discover the inviting multi-family residence located at 634 E 37th ST, Indianapolis, IN. T...	8 beds \| N/A baths \| 7,750 sq.ft.	$275,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 1.49% Airbnb Rental Income: $1110 Traditional Rental Income: $977 Airbnb ROI: 0.56% Traditional ROI: 1.49%
636 E 37th St Indianapolis, IN Nestled at 636 E 37th ST, INDIANAPOLIS, IN, this inviting home offers a unique opportunity...	2 beds \| N/A baths \| 3,875 sq.ft.	$275,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 1.61% Airbnb Rental Income: $1110 Traditional Rental Income: $1008 Airbnb ROI: 0.56% Traditional ROI: 1.61%
2413 Guilford Ave Indianapolis, IN Don't miss this prime investment opportunity located just steps from the Monon Trail and m...	3 beds \| N/A baths \| 2,520 sq.ft.	$280,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 1.92% Airbnb Rental Income: $943 Traditional Rental Income: $1031 Airbnb ROI: 0.27% Traditional ROI: 1.92%
2051-2053 Columbia Avenue Indianapolis, IN Urban living at its finest. Brand new construction a few blocks off the Monon with all the...	N/A beds \| N/A baths \| N/A	$719,800	Airbnb cash on cash: -0.41% Traditional cash on cash: 0.73% Airbnb Rental Income: $943 Traditional Rental Income: $1362 Airbnb ROI: -0.41% Traditional ROI: 0.73%
1102 N Oakland Ave Indianapolis, IN This attractive triplex has the historical charm from 1913, is in great condition, and bee...	7 beds \| N/A baths \| 7,250 sq.ft.	$395,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.89% Airbnb Rental Income: $null Traditional Rental Income: $1558 Airbnb ROI: N/A Traditional ROI: 1.89%
3247 W Morris Street Indianapolis, IN Back on market at no fault of the units. Buyer unable to secure financing. Calling All Inv...	4 beds \| 2 baths \| N/A	$219,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 2.96% Airbnb Rental Income: $953 Traditional Rental Income: $1215 Airbnb ROI: 0.02% Traditional ROI: 2.96%

Your search for investment property begins and ends here

Multi Family for Sale in Indianapolis, IN

1102 N Dearborn St

Indianapolis, IN

5 beds | N/A baths | 2,693 sq.ft.

$229,000

Airbnb cash on cash: -0.09%

Traditional cash on cash: 2.2%

Airbnb Rental Income: $826

Traditional Rental Income: $996

Airbnb ROI: -0.09%

Traditional ROI: 2.2%

401 S Randolph St

Indianapolis, IN

4 beds | N/A baths | 3,808 sq.ft.

$194,000

Airbnb cash on cash: 1.38%

Traditional cash on cash: 3.15%

Airbnb Rental Income: $1009

Traditional Rental Income: $978

Airbnb ROI: 1.38%

Traditional ROI: 3.15%

60 S Mount St

Indianapolis, IN

4 beds | N/A baths | 4,608 sq.ft.

$159,900

Airbnb cash on cash: -0.73%

Traditional cash on cash: 3.39%

Airbnb Rental Income: $781

Traditional Rental Income: $1091

Airbnb ROI: -0.73%

Traditional ROI: 3.39%

3723 N Kenwood Ave

Indianapolis, IN

4 beds | 2 baths | N/A

$192,900

Airbnb cash on cash: 6.65%

Traditional cash on cash: 2.38%

Airbnb Rental Income: $2131

Traditional Rental Income: $805

Airbnb ROI: 6.65%

Traditional ROI: 2.38%

626-628 N Oxford Street

Indianapolis, IN

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

$165,000

Airbnb cash on cash: 0.7%

Traditional cash on cash: 3.53%

Airbnb Rental Income: $826

Traditional Rental Income: $944

Airbnb ROI: 0.7%

Traditional ROI: 3.53%

417 W 39th Street

Indianapolis, IN

5 beds | 3 baths | N/A

$250,000

Airbnb cash on cash: 3.76%

Traditional cash on cash: 0.82%

Airbnb Rental Income: $2131

Traditional Rental Income: $892

Airbnb ROI: 3.76%

Traditional ROI: 0.82%

717 N Grant Avenue

Indianapolis, IN

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

$275,000

Airbnb cash on cash: 0.13%

Traditional cash on cash: 1.95%

Airbnb Rental Income: $826

Traditional Rental Income: $972

Airbnb ROI: 0.13%

Traditional ROI: 1.95%

2455 Shelby St

Indianapolis, IN

8 beds | N/A baths | 3,058 sq.ft.

$445,000

Airbnb cash on cash: -1.51%

Traditional cash on cash: 1.42%

Airbnb Rental Income: $332

Traditional Rental Income: $1310

Airbnb ROI: -1.51%