640 Woodruff Place Middle Drive, Indianapolis, IN 46201

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.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 10:17PM

Listing Office:

F.C. Tucker Company : 317-989-5613

Listing Agent:

Sarah Fishburn : 317-989-5613

MLS ID:

22089350

Interior

• A/C: Central Air
• Heating: Forced Air

Location

• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: D5Woodruff Place 49.7' N Side L77491006168261004101
• Current Use: Apt<20

Financial

• Source: mibor