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 196 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
311 Eastern Ave Indianapolis, IN SELLER FINANCING available on this turnkey duplex! Desired terms: 6% interest, 5 year ball...	4 beds \| N/A baths \| 2,200 sq.ft.	$240,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 2.4% Airbnb Rental Income: $931 Traditional Rental Income: $983 Airbnb ROI: 0.65% Traditional ROI: 2.4%
1808 E Washington St Indianapolis, IN Welcome to this Victorian colonial style residential duplex located in Indianapolis Indian...	3 beds \| N/A baths \| 1,698 sq.ft.	$250,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 2.21% Airbnb Rental Income: $902 Traditional Rental Income: $933 Airbnb ROI: 0.64% Traditional ROI: 2.21%
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%
267 Hendricks Pl Indianapolis, IN Check out this renovated duplex in Downtown Indy already cash flowing!! This Duplex has be...	6 beds \| N/A baths \| 2,416 sq.ft.	$345,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 1.11% Airbnb Rental Income: $748 Traditional Rental Income: $800 Airbnb ROI: -0.01% Traditional ROI: 1.11%
319 N Dequincy St Indianapolis, IN INVESTOR SPECIAL! Properties are offered as a portfolio or select groupings: 5708 N Keysto...	6 beds \| N/A baths \| 2,136 sq.ft.	$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%
1629/1631 Carrollton Ave Indianapolis, IN Newly updated and income producing double unit with the option to build a carriage house/g...	6 beds \| N/A baths \| 7,176,939 sq.ft.	$585,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 1.63% Airbnb Rental Income: $1029 Traditional Rental Income: $1692 Airbnb ROI: -0.24% Traditional ROI: 1.63%
412 N Bradley Ave Indianapolis, IN Great opportunity on a traditional 4 unit building! Four, 1 bed/1bath + bonus room units w...	14 beds \| N/A baths \| 4,900 sq.ft.	$450,000	Airbnb cash on cash: -0.05% Traditional cash on cash: 1.99% Airbnb Rental Income: $931 Traditional Rental Income: $1446 Airbnb ROI: -0.05% 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: 2.05% Traditional cash on cash: 4.7% Airbnb Rental Income: $960 Traditional Rental Income: $988 Airbnb ROI: 2.05% Traditional ROI: 4.7%
3535 N College Ave Indianapolis, IN Two 4-Plexs Package Investment Opportunity Near Mapleton Fall Creek Area! (2) Large Four U...	12 beds \| N/A baths \| 4,552 sq.ft.	$550,000	Airbnb cash on cash: -0.94% Traditional cash on cash: 0.33% Airbnb Rental Income: $1163 Traditional Rental Income: $1431 Airbnb ROI: -0.94% Traditional ROI: 0.33%
3539 N College Ave Indianapolis, IN Two 4-Plexs Package Investment Opportunity Near Mapleton Fall Creek Area! (2) Large Four U...	12 beds \| N/A baths \| 4,552 sq.ft.	$550,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 1% Airbnb Rental Income: $1163 Traditional Rental Income: $1452 Airbnb ROI: -0.3% Traditional ROI: 1%
833 N Gladstone Ave Indianapolis, IN Partial rehab 85-90% complete, waiting for your finishing touches, the Interior has been p...	2 beds \| N/A baths \| 1,066 sq.ft.	$130,000	Airbnb cash on cash: 1.33% Traditional cash on cash: 5.93% Airbnb Rental Income: $748 Traditional Rental Income: $1010 Airbnb ROI: 1.33% Traditional ROI: 5.93%
1743 S Meridian St Indianapolis, IN Three properties adjacent to one another. Commercial building and two doubles; priced sepa...	5 beds \| N/A baths \| 2,800 sq.ft.	$444,444	Airbnb cash on cash: 0.13% Traditional cash on cash: 2.9% Airbnb Rental Income: $997 Traditional Rental Income: $1810 Airbnb ROI: 0.13% Traditional ROI: 2.9%
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: 1.56% Traditional cash on cash: 2.31% Airbnb Rental Income: $1163 Traditional Rental Income: $940 Airbnb ROI: 1.56% Traditional ROI: 2.31%
4920 E 34th St Indianapolis, IN This incredibly updated single family rental property has been transformed into two indivi...	3 beds \| N/A baths \| 1,354 sq.ft.	$140,000	Airbnb cash on cash: 3.06% Traditional cash on cash: 7.05% Airbnb Rental Income: $1109 Traditional Rental Income: $1271 Airbnb ROI: 3.06% Traditional ROI: 7.05%
339 N Walcott St Indianapolis, IN Well-maintained and high-performing medium term rental opportunity near downtown Indianapo...	4 beds \| N/A baths \| 2,300 sq.ft.	$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%
2207 N Bolton Ave Indianapolis, IN Quiet neighborhood just off I70 and I465. Investor's dream - mirrored All Brick Duplex (2...	4 beds \| N/A baths \| 1,740 sq.ft.	$217,999	Airbnb cash on cash: 0.67% Traditional cash on cash: 6.92% Airbnb Rental Income: $948 Traditional Rental Income: $1892 Airbnb ROI: 0.67% Traditional ROI: 6.92%
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.	$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 St Indianapolis, IN HIGH INCOME PRODUCING INVESTMENT OPPORTUNITY!!! Residents pay monthly rent of $900 & $875....	4 beds \| N/A baths \| 1,488 sq.ft.	$149,950	Airbnb cash on cash: 2.05% Traditional cash on cash: 4.55% Airbnb Rental Income: $976 Traditional Rental Income: $983 Airbnb ROI: 2.05% Traditional ROI: 4.55%
3852 N Pennsylvania St Indianapolis, IN REDUCED! Meridian-Kessler two-way facing double for ultimate privacy of tenants. Driveways...	2 beds \| N/A baths \| 2,604 sq.ft.	$399,900	Airbnb cash on cash: -0.76% Traditional cash on cash: 0.47% Airbnb Rental Income: $807 Traditional Rental Income: $946 Airbnb ROI: -0.76% Traditional ROI: 0.47%
1703 E 34th St Indianapolis, IN Fully tenanted property with incredible cashflow. Second photo shows double lot size. Owne...	1 beds \| N/A baths \| 2,004 sq.ft.	$180,700	Airbnb cash on cash: -0.18% Traditional cash on cash: 4.33% Airbnb Rental Income: $751 Traditional Rental Income: $1213 Airbnb ROI: -0.18% Traditional ROI: 4.33%
822 N Bradley Ave Indianapolis, IN Large duplex located close to all of Downtown Indy's wonderful amenities! Both units are l...	6 beds \| N/A baths \| 2,576 sq.ft.	$200,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 5.55% Airbnb Rental Income: $748 Traditional Rental Income: $1525 Airbnb ROI: -0.2% Traditional ROI: 5.55%
1805 Southeastern Ave Indianapolis, IN Turnkey Duplex Alert! Don't miss this great income producing property on the outskirts of ...	4 beds \| N/A baths \| 4,080 sq.ft.	$299,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 3.3% Airbnb Rental Income: $902 Traditional Rental Income: $1538 Airbnb ROI: -0.17% Traditional ROI: 3.3%
137 S Sheridan Ave Indianapolis, IN Fantastic Cash flowing duplex! 137 side is vacant and has been updated within the last tw...	2 beds \| N/A baths \| 1,104 sq.ft.	$134,900	Airbnb cash on cash: 2.6% Traditional cash on cash: 7.89% Airbnb Rental Income: $1070 Traditional Rental Income: $1387 Airbnb ROI: 2.6% Traditional ROI: 7.89%
418 Harlan St Indianapolis, IN Incredible Investment Opportunity Near Downtown! This fully renovated townhome-style duple...	2 beds \| N/A baths \| 1,260 sq.ft.	$450,000	Airbnb cash on cash: -0.48% Traditional cash on cash: 3.32% Airbnb Rental Income: $902 Traditional Rental Income: $2161 Airbnb ROI: -0.48% Traditional ROI: 3.32%
2937 W 10th St Indianapolis, IN There are 3 studio units upstairs & 2 larger spaces downstairs all have private kitchen se...	N/A beds \| N/A baths \| 1,500 sq.ft.	$209,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.54% Airbnb Rental Income: $null Traditional Rental Income: $890 Airbnb ROI: N/A Traditional ROI: 2.54%
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: -0.85% Traditional cash on cash: 0.57% Airbnb Rental Income: $879 Traditional Rental Income: $972 Airbnb ROI: -0.85% Traditional ROI: 0.57%
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: 0.83% Traditional cash on cash: 2.98% Airbnb Rental Income: $892 Traditional Rental Income: $883 Airbnb ROI: 0.83% Traditional ROI: 2.98%
3946 N College Ave Indianapolis, IN Nostalgic Double in Meridian Kessler Area a Perfectly located for AirBNB / LT rental. Craf...	6 beds \| N/A baths \| 8,156 sq.ft.	$470,000	Airbnb cash on cash: 3.06% Traditional cash on cash: 1.07% Airbnb Rental Income: $2701 Traditional Rental Income: $1190 Airbnb ROI: 3.06% Traditional ROI: 1.07%
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.	$189,999	Airbnb cash on cash: 8.46% Traditional cash on cash: 2.91% Airbnb Rental Income: $2523 Traditional Rental Income: $912 Airbnb ROI: 8.46% Traditional ROI: 2.91%
848 N Oxford St Indianapolis, IN Investment Opportunity! This 2-unit duplex features a covered front porch, open concept li...	4 beds \| N/A baths \| 3,774 sq.ft.	$289,900	Airbnb cash on cash: 5.16% Traditional cash on cash: 1.38% Airbnb Rental Income: $2523 Traditional Rental Income: $882 Airbnb ROI: 5.16% Traditional ROI: 1.38%
3739 E Market St Indianapolis, IN RARE TURNKEY FOURPLEX CLOSE TO DOWNTOWN AND UNDER 500K !! STUDS IN/OUT RENOVATION CREATE...	8 beds \| N/A baths \| 19,200 sq.ft.	$480,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 0.72% Airbnb Rental Income: $931 Traditional Rental Income: $1015 Airbnb ROI: -0.24% Traditional ROI: 0.72%
1701 Fletcher Ave Indianapolis, IN Nestled in the thriving heart of Fountain Square, this fully renovated triplex at 1701 Fle...	5 beds \| N/A baths \| 7,840 sq.ft.	$334,900	Airbnb cash on cash: -1.92% Traditional cash on cash: -0.44% Airbnb Rental Income: $480 Traditional Rental Income: $679 Airbnb ROI: -1.92% Traditional ROI: -0.44%
558 N Tremont St Indianapolis, IN A unique investment bundle opportunity. This previously occupied duplex is prime for the s...	2 beds \| N/A baths \| 2,112 sq.ft.	$149,900	Airbnb cash on cash: 0.84% Traditional cash on cash: 4.58% Airbnb Rental Income: $781 Traditional Rental Income: $999 Airbnb ROI: 0.84% Traditional ROI: 4.58%
914 N Tuxedo Street Indianapolis, IN This updated duplex with 3 beds/1 bath on each side is perfect for house-hacking or for a ...	N/A beds \| N/A baths \| N/A	$249,900	Airbnb cash on cash: -2.1% Traditional cash on cash: 1.1% Airbnb Rental Income: $524 Traditional Rental Income: $1003 Airbnb ROI: -2.1% Traditional ROI: 1.1%
540 E 91st Street Indianapolis, IN Wonderful 2 bedroom 1 bath duplex, on a large lot with excellent parking. Each unit comes ...	N/A beds \| N/A baths \| N/A	$335,000	Airbnb cash on cash: 3.78% Traditional cash on cash: 0.52% Airbnb Rental Income: $2539 Traditional Rental Income: $900 Airbnb ROI: 3.78% Traditional ROI: 0.52%
1464 N Chester Ave Indianapolis, IN TURNKEY INVESTMENT OPPORTUNITY. Step into this beautifully updated 1-bedroom, 1-bathroom p...	2 beds \| N/A baths \| 1,806 sq.ft.	$159,900	Airbnb cash on cash: -0.79% Traditional cash on cash: 3.24% Airbnb Rental Income: $524 Traditional Rental Income: $863 Airbnb ROI: -0.79% 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: -0.4% Traditional cash on cash: 1.21% Airbnb Rental Income: $838 Traditional Rental Income: $1529 Airbnb ROI: -0.4% Traditional ROI: 1.21%
3960 N Illinois St Indianapolis, IN An excellent turn key opportunity in Butler-Tarkington, just steps from Tarkington Park an...	12 beds \| N/A baths \| 4,800 sq.ft.	$399,999	Airbnb cash on cash: 0.2% Traditional cash on cash: 2.36% Airbnb Rental Income: $1163 Traditional Rental Income: $1590 Airbnb ROI: 0.2% Traditional ROI: 2.36%
401 Wallace Ave Indianapolis, IN NEW PRICE on this Excellent investment opportunity in Irvington Park! This cash-flowing du...	2 beds \| N/A baths \| 3,212 sq.ft.	$219,900	Airbnb cash on cash: -1.41% Traditional cash on cash: 5.09% Airbnb Rental Income: $748 Traditional Rental Income: $1789 Airbnb ROI: -1.41% Traditional ROI: 5.09%
1622-1624 Prospect St Indianapolis, IN This stunning, fully remodeled duplex offers two spacious 1,975 sq. ft. units (3,940 sq. f...	4 beds \| N/A baths \| 7,880 sq.ft.	$529,900	Airbnb cash on cash: -1.64% Traditional cash on cash: -0.86% Airbnb Rental Income: $902 Traditional Rental Income: $947 Airbnb ROI: -1.64% Traditional ROI: -0.86%

Your search for investment property begins and ends here

Multi Family for Sale in Indianapolis, IN

311 Eastern Ave

Indianapolis, IN

4 beds | N/A baths | 2,200 sq.ft.

$240,000

Airbnb cash on cash: 0.65%

Traditional cash on cash: 2.4%

Airbnb Rental Income: $931

Traditional Rental Income: $983

Airbnb ROI: 0.65%

Traditional ROI: 2.4%

1808 E Washington St

Indianapolis, IN

3 beds | N/A baths | 1,698 sq.ft.

$250,000

Airbnb cash on cash: 0.64%

Traditional cash on cash: 2.21%

Airbnb Rental Income: $902

Traditional Rental Income: $933

Airbnb ROI: 0.64%

Traditional ROI: 2.21%

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%

267 Hendricks Pl

Indianapolis, IN

6 beds | N/A baths | 2,416 sq.ft.

$345,000

Airbnb cash on cash: -0.01%

Traditional cash on cash: 1.11%

Airbnb Rental Income: $748

Traditional Rental Income: $800

Airbnb ROI: -0.01%

Traditional ROI: 1.11%

319 N Dequincy St

Indianapolis, IN

6 beds | N/A baths | 2,136 sq.ft.

$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%

1629/1631 Carrollton Ave

Indianapolis, IN

6 beds | N/A baths | 7,176,939 sq.ft.

$585,000

Airbnb cash on cash: -0.24%

Traditional cash on cash: 1.63%

Airbnb Rental Income: $1029

Traditional Rental Income: $1692

Airbnb ROI: -0.24%

Traditional ROI: 1.63%

412 N Bradley Ave

Indianapolis, IN

14 beds | N/A baths | 4,900 sq.ft.

$450,000

Airbnb cash on cash: -0.05%

Traditional cash on cash: 1.99%

Airbnb Rental Income: $931

Traditional Rental Income: $1446

Airbnb ROI: -0.05%

Traditional ROI: 1.99%

421 Villa Avenue

Indianapolis, IN

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

$149,000

Airbnb cash on cash: 2.05%

Traditional cash on cash: 4.7%

Airbnb Rental Income: $960

Traditional Rental Income: $988

Airbnb ROI: 2.05%