640 Woodruff Place Middle Drive
Indianapolis, IN 46201
0
Bed
0
Bath
0.12Acre(Lot)
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 stron
Property Details
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Map
What's Nearby
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Features
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Room Information
Has Basement: Yes -
Heating & Cooling
Heating: Forced Air Cooling: Central Air
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Building Information
Year Built: 1910
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Lot Information
Lot Square Feet: 5140 Lot Acres: 0.12Property Information
Property Type: Residential Income Sub Type: Quadruplex
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Listing Price Information
Original List Price:$525000
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Tax Information
Tax Lot: 101 Tax Legal Description: Woodruff Place 49.7' N Side L77 Tax Year: 2024 Parcel Number: 491006168261004101
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Location Information
Subdivision: Woodruff Place City: Indianapolis Direction: GPS Friendly
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 319 N Dequincy Street, Indianapolis, IN, 46201 | $280,000 | -- | -- | -- | |
| 3739 E Market Street, Indianapolis, IN, 46201 | $480,000 | -- | -- | -- | |
| 3614 E Washington Street, Indianapolis, IN, 46201 | $290,000 | -- | -- | -- | |
| 2825 E Michigan Street, Indianapolis, IN, 46201 | $140,000 | -- | -- | -- | |
| 625 Woodruff Place Midd.., Indianapolis, IN, 46201 | $520,000 | -- | -- | -- |
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Based on information submitted to the MLS GRID as of 06/20/2026 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 06/20/2026 @ 06:20
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