640 Woodruff Place Middle Drive, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
640 Woodruff Place Middle Drive,Indianapolis, IN 46201
$525,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: sarah fishburn, brandon fishburn
Office: f.c. tucker company
MLS#:22089350
Source:IN_MIBOR

Price summary

  • Price:$525,000

About this home

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...

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Home facts

  • Year built:1910
  • Listing ID #:22089350
  • Added:43 day(s) ago
  • Updated:April 29, 2026 at 02:49 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1910
  • Lot area:0.12 Acres

Finances and disclosures

  • Price:$525,000
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