$775,000

609 Woodruff Place Middle Drive, Indianapolis, IN 46201

  • 5,670 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon10,019sqft lot
  • Property Parking Icon 3 car garage
  • Property Price Per Square Feet Icon $137/sqft
  • Property List Date Icon Listed 17 days ago

Property Description

Investor opportunity in the beautiful historic Woodruff Place! This 5-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 a new boiler installed at the end of 2025, new water heaters installed in 2025, and two units that have been fully renovated, 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.

Listing Status:
Active
Data Last Updated:
April 2, 2026 at 11:20PM
Listing Office:
F.C. Tucker Company : 317-989-5613
Listing Agent:
Sarah Fishburn : 317-989-5613
MLS ID:
22088926
  • A/C: Window Unit(s)
  • Heating: Hot Water
  • Parking: Detached
  • General: Two
  • Originating MLS: mibor
  • School District: Indianapolis Public Schools
  • County: Marion
  • Zoning: D5Woodruff Pl 20Ft S Side L76 38Ft N Side L74491006168256000101
  • Current Use: Apt<20
  • Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Source: mibor

This listing courtesy of Sarah Fishburn , F.C. Tucker Company

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

T

Thomas D. Gregg Elementary School 15

2302 E Michigan St, Indianapolis, IN, 46201

Grades PK-6

0.33 miles away

H

H. L. Harshman Magnet Middle School

1501 E 10th St, Indianapolis, IN, 46201

Grades 7-8

0.39 miles away

A

Arsenal Technical High School

1500 E Michigan St, Indianapolis, IN, 46201

Grades 9-12

0.37 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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