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Listed by Sarah Fishburn • F.C. Tucker Company
$ 525,000
Est. payment /mo
Active
640 Woodruff Place Middle DR Indianapolis, IN 46201
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Woodruff Place
MLS Listing ID 22089350
Year Built 1910
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Quadruplex
Property Description
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 rental demand and long-term upside.
Location
State IN
County Marion
Zoning D5
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Building
New Construction false
Schools
School District Indianapolis Public Schools
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