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624 Woodruff Place Middle Dr
Indianapolis, IN 46201
Multifamily Property For Sale
·
9 Units
Executive Summary
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.
Property Facts
| Price Per Unit | $111,111 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 8,617 SF |
| No. Units | 9 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | D5 - Multi-family residential | ||
| Price Per Unit | $111,111 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 8,617 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | D5 - Multi-family residential |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Views
- Lawn
Site Amenities
- Laundry Facilities
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | - |
Property Taxes
| Parcel Number | 49-10-06-168-049.000-101 | Improvements Assessment | $539,300 |
| Land Assessment | $18,900 | Total Assessment | $558,200 |
Property Taxes
Parcel Number
49-10-06-168-049.000-101
Land Assessment
$18,900
Improvements Assessment
$539,300
Total Assessment
$558,200
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