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Listed by Sarah Fishburn • F.C. Tucker Company
$1,000,000
Est. payment /mo
8,617 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 8,617 sqft
Price per Sqft $116
MLS Listing ID 22088937
Year Built 1900
Tax Year 2024
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Multi-Family 5+
Property Description
Investor opportunity in the beautiful historic Woodruff Place! This 9-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, new boiler, new water heater, updates to bathrooms in 616, new interior paint in 4 units offering a mix of updated living spaces 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.
Location
State IN
County Marion
Zoning D5
Interior
Heating Hot Water
Cooling Window Unit(s)
Fireplace N
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected
Building
Story Two
Architectural Style Other
Structure Type Wood Brick
New Construction false
Schools
High Schools Arsenal Technical High School
School District Indianapolis Public Schools
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