If you’re looking for an investment that balances cash flow, appreciation, and flexibility, few options compete with small multifamily properties — especially in Indianapolis.
Duplexes and triplexes have long been the entry point for local investors and house hackers, offering rental income, tax advantages, and long-term stability.
In this guide, we’ll walk through how to invest in duplexes and triplexes in Indianapolis, what returns to expect in 2025, and where to find the best opportunities.
Why Small Multifamily Works in Indianapolis
Indianapolis checks all the boxes for small multifamily investing:
Affordable entry prices (still under $400K in many areas)
Strong rent demand across the metro
Landlord-friendly laws and low property taxes
Steady appreciation without the volatility of coastal markets
According to Redfin and Realtor.com (2025):
Median duplex sale price: ~$310,000
Median triplex sale price: ~$395,000
Average rent per unit: $1,200–$1,600/month
Typical cap rates: 6–8%, depending on neighborhood
That mix makes Indy ideal for both local investors building passive income and out-of-state buyers looking for steady ROI.
Types of Multifamily Properties in Indianapolis
Classic Duplexes (Pre-1940s builds)
Found in neighborhoods like Fountain Square, Bates-Hendricks, and Garfield Park, these older homes often have charm and solid rent potential after renovation.Mid-Century Brick Duplexes (1950–1970s)
Popular in areas like Speedway and Lawrence Township — low maintenance and great for long-term tenants.Modern Duplexes & Triplexes (New Builds)
Newer developments near downtown and Fall Creek Place cater to higher-end renters and shorter vacancy cycles.
Top Indy Neighborhoods for Duplex & Triplex Investing (2025)
Neighborhood | Typical Price Range | Avg Rent (per unit) | Investor Vibe |
|---|---|---|---|
Fountain Square | $375K–$500K | $1,600+ | Trendy, great for house hacking |
Garfield Park | $250K–$350K | $1,300 | Affordable, strong local tenant base |
Near Eastside | $180K–$275K | $1,100 | High cash flow, strong appreciation upside |
Bates-Hendricks | $350K–$450K | $1,500 | Walkable, in-demand, solid resale |
Irvington | $275K–$400K | $1,300 | Historic, stable long-term tenants |
West Indianapolis / Speedway | $200K–$325K | $1,200 | Blue-collar cash flow play |
Each neighborhood attracts a different investor profile — from the high-yield Near Eastside duplex to the Fountain Square house-hack duplex you can live in yourself.
Financing Multifamily Properties in Indy
Buying a duplex or triplex opens the door to creative financing options that single-family homes don’t offer.
1. House Hacking Loans (Owner-Occupied)
Live in one unit, rent the others, and qualify for FHA (3.5% down) or Conventional (5% down) financing.
Perfect for first-time buyers.
Rents help offset your mortgage instantly.
Tax benefits + appreciation potential.
Learn more about this strategy in How to House Hack in Fountain Square.
2. Investor Loans (Non-Owner Occupied)
If you plan to rent all units, expect:
20–25% down
Higher interest rates than primary residences
DSCR (Debt Service Coverage Ratio) loans — great for portfolio scaling
3. Local & Portfolio Lenders
Indianapolis has several regional banks that specialize in investor-friendly loans for small multifamily properties. Roots Realty Co. can connect you with trusted options.
How to Analyze a Duplex or Triplex Investment
Step 1: Calculate Cash Flow
Cash Flow = (Gross Rent – Expenses – Mortgage)
Target: $200–$400/month per unit after expenses.
Step 2: Check Rent-to-Price Ratio
Strong deals in Indy often fall between 0.9%–1.1% rent-to-price.
Example: A $300K duplex renting for $1,500/unit = 1% ratio.
Step 3: Account for Maintenance & Vacancy
Budget 5–8% for maintenance and 5% for vacancy. Older homes may need higher reserves.
Step 4: Verify Market Rents
Check Redfin, Realtor.com, or local property managers for true rent comps — not just Zillow estimates.
Step 5: Factor in Appreciation + Tax Benefits
Indy’s 3–4% annual appreciation and depreciation deductions can significantly boost ROI over time.
Why Duplexes & Triplexes Are Great for BRRRR Investors
If you’re into the Buy, Rehab, Rent, Refinance, Repeat (BRRRR) model, multifamily is your playground.
Why it works so well:
Multiple income streams per property = faster equity growth.
Easier to hit refinance requirements with higher total rent roll.
Great fit for older homes in Near Eastside, Garfield Park, and Fountain Square.
Want to dive deeper into how this works? Check out BRRRR in Indianapolis: 2025 Investor Guide.
Expected ROI for Indy Duplex/Triplex Investors (2025)
Metric | Typical Range |
|---|---|
Cap Rate | 6–8% |
Cash-on-Cash Return | 8–10% (house hack) / 6–8% (fully rented) |
Annual Appreciation | 3–4% |
Vacancy Rate | ~5% |
5-Year ROI (Projected) | 30–40% including appreciation |
These numbers make Indy one of the most balanced markets in the Midwest — strong enough for returns, stable enough for long holds.
Common Mistakes to Avoid
Underestimating Repairs
Older duplexes often need roof, HVAC, or plumbing work. Always budget for updates.Skipping Local Property Management
A good manager keeps units full, rents collected, and turnover low — especially if you’re investing remotely.Ignoring Neighborhood Nuance
One street can drastically change rentability or ARV. Work with an agent who knows Indy’s micro-markets.Not Accounting for Tenant Mix
Renting both units to the right tenants (income stability, lease length, pet policies) impacts long-term ROI.
Investor FAQs: Duplex & Triplex Investing in Indianapolis
Are small multifamily properties hard to find in Indy?
Inventory is limited but steady. Many 2–3 unit properties sell off-market — a good local agent helps you find them first.
Can I use FHA or VA loans for a duplex?
Yes — as long as you live in one unit. FHA allows 3.5% down; VA allows 0% down for qualified buyers.
What’s better in Indy — duplex or single-family?
For cash flow: duplex. For appreciation: single-family. Many investors start with duplexes, then diversify.
Is Indy a good market for remote investors?
Definitely. Low prices, stable tenants, and strong property management support make remote ownership feasible.
Final Thoughts: Building Wealth, One Door at a Time
Duplex and triplex investing is one of the most sustainable ways to build wealth in Indianapolis real estate. Whether you’re a first-timer house hacking your way in or scaling a rental portfolio, Indy offers the right mix of affordability, stability, and opportunity.
Ready to explore small multifamily deals? The Roots Realty Co. team helps investors analyze returns, connect with lenders, and find cash-flowing properties across the city.
If you’re looking for an investment that balances cash flow, appreciation, and flexibility, few options compete with small multifamily properties — especially in Indianapolis.
Duplexes and triplexes have long been the entry point for local investors and house hackers, offering rental income, tax advantages, and long-term stability.
In this guide, we’ll walk through how to invest in duplexes and triplexes in Indianapolis, what returns to expect in 2025, and where to find the best opportunities.
Why Small Multifamily Works in Indianapolis
Indianapolis checks all the boxes for small multifamily investing:
Affordable entry prices (still under $400K in many areas)
Strong rent demand across the metro
Landlord-friendly laws and low property taxes
Steady appreciation without the volatility of coastal markets
According to Redfin and Realtor.com (2025):
Median duplex sale price: ~$310,000
Median triplex sale price: ~$395,000
Average rent per unit: $1,200–$1,600/month
Typical cap rates: 6–8%, depending on neighborhood
That mix makes Indy ideal for both local investors building passive income and out-of-state buyers looking for steady ROI.
Types of Multifamily Properties in Indianapolis
Classic Duplexes (Pre-1940s builds)
Found in neighborhoods like Fountain Square, Bates-Hendricks, and Garfield Park, these older homes often have charm and solid rent potential after renovation.Mid-Century Brick Duplexes (1950–1970s)
Popular in areas like Speedway and Lawrence Township — low maintenance and great for long-term tenants.Modern Duplexes & Triplexes (New Builds)
Newer developments near downtown and Fall Creek Place cater to higher-end renters and shorter vacancy cycles.
Top Indy Neighborhoods for Duplex & Triplex Investing (2025)
Neighborhood | Typical Price Range | Avg Rent (per unit) | Investor Vibe |
|---|---|---|---|
Fountain Square | $375K–$500K | $1,600+ | Trendy, great for house hacking |
Garfield Park | $250K–$350K | $1,300 | Affordable, strong local tenant base |
Near Eastside | $180K–$275K | $1,100 | High cash flow, strong appreciation upside |
Bates-Hendricks | $350K–$450K | $1,500 | Walkable, in-demand, solid resale |
Irvington | $275K–$400K | $1,300 | Historic, stable long-term tenants |
West Indianapolis / Speedway | $200K–$325K | $1,200 | Blue-collar cash flow play |
Each neighborhood attracts a different investor profile — from the high-yield Near Eastside duplex to the Fountain Square house-hack duplex you can live in yourself.
Financing Multifamily Properties in Indy
Buying a duplex or triplex opens the door to creative financing options that single-family homes don’t offer.
1. House Hacking Loans (Owner-Occupied)
Live in one unit, rent the others, and qualify for FHA (3.5% down) or Conventional (5% down) financing.
Perfect for first-time buyers.
Rents help offset your mortgage instantly.
Tax benefits + appreciation potential.
Learn more about this strategy in How to House Hack in Fountain Square.
2. Investor Loans (Non-Owner Occupied)
If you plan to rent all units, expect:
20–25% down
Higher interest rates than primary residences
DSCR (Debt Service Coverage Ratio) loans — great for portfolio scaling
3. Local & Portfolio Lenders
Indianapolis has several regional banks that specialize in investor-friendly loans for small multifamily properties. Roots Realty Co. can connect you with trusted options.
How to Analyze a Duplex or Triplex Investment
Step 1: Calculate Cash Flow
Cash Flow = (Gross Rent – Expenses – Mortgage)
Target: $200–$400/month per unit after expenses.
Step 2: Check Rent-to-Price Ratio
Strong deals in Indy often fall between 0.9%–1.1% rent-to-price.
Example: A $300K duplex renting for $1,500/unit = 1% ratio.
Step 3: Account for Maintenance & Vacancy
Budget 5–8% for maintenance and 5% for vacancy. Older homes may need higher reserves.
Step 4: Verify Market Rents
Check Redfin, Realtor.com, or local property managers for true rent comps — not just Zillow estimates.
Step 5: Factor in Appreciation + Tax Benefits
Indy’s 3–4% annual appreciation and depreciation deductions can significantly boost ROI over time.
Why Duplexes & Triplexes Are Great for BRRRR Investors
If you’re into the Buy, Rehab, Rent, Refinance, Repeat (BRRRR) model, multifamily is your playground.
Why it works so well:
Multiple income streams per property = faster equity growth.
Easier to hit refinance requirements with higher total rent roll.
Great fit for older homes in Near Eastside, Garfield Park, and Fountain Square.
Want to dive deeper into how this works? Check out BRRRR in Indianapolis: 2025 Investor Guide.
Expected ROI for Indy Duplex/Triplex Investors (2025)
Metric | Typical Range |
|---|---|
Cap Rate | 6–8% |
Cash-on-Cash Return | 8–10% (house hack) / 6–8% (fully rented) |
Annual Appreciation | 3–4% |
Vacancy Rate | ~5% |
5-Year ROI (Projected) | 30–40% including appreciation |
These numbers make Indy one of the most balanced markets in the Midwest — strong enough for returns, stable enough for long holds.
Common Mistakes to Avoid
Underestimating Repairs
Older duplexes often need roof, HVAC, or plumbing work. Always budget for updates.Skipping Local Property Management
A good manager keeps units full, rents collected, and turnover low — especially if you’re investing remotely.Ignoring Neighborhood Nuance
One street can drastically change rentability or ARV. Work with an agent who knows Indy’s micro-markets.Not Accounting for Tenant Mix
Renting both units to the right tenants (income stability, lease length, pet policies) impacts long-term ROI.
Investor FAQs: Duplex & Triplex Investing in Indianapolis
Are small multifamily properties hard to find in Indy?
Inventory is limited but steady. Many 2–3 unit properties sell off-market — a good local agent helps you find them first.
Can I use FHA or VA loans for a duplex?
Yes — as long as you live in one unit. FHA allows 3.5% down; VA allows 0% down for qualified buyers.
What’s better in Indy — duplex or single-family?
For cash flow: duplex. For appreciation: single-family. Many investors start with duplexes, then diversify.
Is Indy a good market for remote investors?
Definitely. Low prices, stable tenants, and strong property management support make remote ownership feasible.
Final Thoughts: Building Wealth, One Door at a Time
Duplex and triplex investing is one of the most sustainable ways to build wealth in Indianapolis real estate. Whether you’re a first-timer house hacking your way in or scaling a rental portfolio, Indy offers the right mix of affordability, stability, and opportunity.
Ready to explore small multifamily deals? The Roots Realty Co. team helps investors analyze returns, connect with lenders, and find cash-flowing properties across the city.
If you’re looking for an investment that balances cash flow, appreciation, and flexibility, few options compete with small multifamily properties — especially in Indianapolis.
Duplexes and triplexes have long been the entry point for local investors and house hackers, offering rental income, tax advantages, and long-term stability.
In this guide, we’ll walk through how to invest in duplexes and triplexes in Indianapolis, what returns to expect in 2025, and where to find the best opportunities.
Why Small Multifamily Works in Indianapolis
Indianapolis checks all the boxes for small multifamily investing:
Affordable entry prices (still under $400K in many areas)
Strong rent demand across the metro
Landlord-friendly laws and low property taxes
Steady appreciation without the volatility of coastal markets
According to Redfin and Realtor.com (2025):
Median duplex sale price: ~$310,000
Median triplex sale price: ~$395,000
Average rent per unit: $1,200–$1,600/month
Typical cap rates: 6–8%, depending on neighborhood
That mix makes Indy ideal for both local investors building passive income and out-of-state buyers looking for steady ROI.
Types of Multifamily Properties in Indianapolis
Classic Duplexes (Pre-1940s builds)
Found in neighborhoods like Fountain Square, Bates-Hendricks, and Garfield Park, these older homes often have charm and solid rent potential after renovation.Mid-Century Brick Duplexes (1950–1970s)
Popular in areas like Speedway and Lawrence Township — low maintenance and great for long-term tenants.Modern Duplexes & Triplexes (New Builds)
Newer developments near downtown and Fall Creek Place cater to higher-end renters and shorter vacancy cycles.
Top Indy Neighborhoods for Duplex & Triplex Investing (2025)
Neighborhood | Typical Price Range | Avg Rent (per unit) | Investor Vibe |
|---|---|---|---|
Fountain Square | $375K–$500K | $1,600+ | Trendy, great for house hacking |
Garfield Park | $250K–$350K | $1,300 | Affordable, strong local tenant base |
Near Eastside | $180K–$275K | $1,100 | High cash flow, strong appreciation upside |
Bates-Hendricks | $350K–$450K | $1,500 | Walkable, in-demand, solid resale |
Irvington | $275K–$400K | $1,300 | Historic, stable long-term tenants |
West Indianapolis / Speedway | $200K–$325K | $1,200 | Blue-collar cash flow play |
Each neighborhood attracts a different investor profile — from the high-yield Near Eastside duplex to the Fountain Square house-hack duplex you can live in yourself.
Financing Multifamily Properties in Indy
Buying a duplex or triplex opens the door to creative financing options that single-family homes don’t offer.
1. House Hacking Loans (Owner-Occupied)
Live in one unit, rent the others, and qualify for FHA (3.5% down) or Conventional (5% down) financing.
Perfect for first-time buyers.
Rents help offset your mortgage instantly.
Tax benefits + appreciation potential.
Learn more about this strategy in How to House Hack in Fountain Square.
2. Investor Loans (Non-Owner Occupied)
If you plan to rent all units, expect:
20–25% down
Higher interest rates than primary residences
DSCR (Debt Service Coverage Ratio) loans — great for portfolio scaling
3. Local & Portfolio Lenders
Indianapolis has several regional banks that specialize in investor-friendly loans for small multifamily properties. Roots Realty Co. can connect you with trusted options.
How to Analyze a Duplex or Triplex Investment
Step 1: Calculate Cash Flow
Cash Flow = (Gross Rent – Expenses – Mortgage)
Target: $200–$400/month per unit after expenses.
Step 2: Check Rent-to-Price Ratio
Strong deals in Indy often fall between 0.9%–1.1% rent-to-price.
Example: A $300K duplex renting for $1,500/unit = 1% ratio.
Step 3: Account for Maintenance & Vacancy
Budget 5–8% for maintenance and 5% for vacancy. Older homes may need higher reserves.
Step 4: Verify Market Rents
Check Redfin, Realtor.com, or local property managers for true rent comps — not just Zillow estimates.
Step 5: Factor in Appreciation + Tax Benefits
Indy’s 3–4% annual appreciation and depreciation deductions can significantly boost ROI over time.
Why Duplexes & Triplexes Are Great for BRRRR Investors
If you’re into the Buy, Rehab, Rent, Refinance, Repeat (BRRRR) model, multifamily is your playground.
Why it works so well:
Multiple income streams per property = faster equity growth.
Easier to hit refinance requirements with higher total rent roll.
Great fit for older homes in Near Eastside, Garfield Park, and Fountain Square.
Want to dive deeper into how this works? Check out BRRRR in Indianapolis: 2025 Investor Guide.
Expected ROI for Indy Duplex/Triplex Investors (2025)
Metric | Typical Range |
|---|---|
Cap Rate | 6–8% |
Cash-on-Cash Return | 8–10% (house hack) / 6–8% (fully rented) |
Annual Appreciation | 3–4% |
Vacancy Rate | ~5% |
5-Year ROI (Projected) | 30–40% including appreciation |
These numbers make Indy one of the most balanced markets in the Midwest — strong enough for returns, stable enough for long holds.
Common Mistakes to Avoid
Underestimating Repairs
Older duplexes often need roof, HVAC, or plumbing work. Always budget for updates.Skipping Local Property Management
A good manager keeps units full, rents collected, and turnover low — especially if you’re investing remotely.Ignoring Neighborhood Nuance
One street can drastically change rentability or ARV. Work with an agent who knows Indy’s micro-markets.Not Accounting for Tenant Mix
Renting both units to the right tenants (income stability, lease length, pet policies) impacts long-term ROI.
Investor FAQs: Duplex & Triplex Investing in Indianapolis
Are small multifamily properties hard to find in Indy?
Inventory is limited but steady. Many 2–3 unit properties sell off-market — a good local agent helps you find them first.
Can I use FHA or VA loans for a duplex?
Yes — as long as you live in one unit. FHA allows 3.5% down; VA allows 0% down for qualified buyers.
What’s better in Indy — duplex or single-family?
For cash flow: duplex. For appreciation: single-family. Many investors start with duplexes, then diversify.
Is Indy a good market for remote investors?
Definitely. Low prices, stable tenants, and strong property management support make remote ownership feasible.
Final Thoughts: Building Wealth, One Door at a Time
Duplex and triplex investing is one of the most sustainable ways to build wealth in Indianapolis real estate. Whether you’re a first-timer house hacking your way in or scaling a rental portfolio, Indy offers the right mix of affordability, stability, and opportunity.
Ready to explore small multifamily deals? The Roots Realty Co. team helps investors analyze returns, connect with lenders, and find cash-flowing properties across the city.
If you’re looking for an investment that balances cash flow, appreciation, and flexibility, few options compete with small multifamily properties — especially in Indianapolis.
Duplexes and triplexes have long been the entry point for local investors and house hackers, offering rental income, tax advantages, and long-term stability.
In this guide, we’ll walk through how to invest in duplexes and triplexes in Indianapolis, what returns to expect in 2025, and where to find the best opportunities.
Why Small Multifamily Works in Indianapolis
Indianapolis checks all the boxes for small multifamily investing:
Affordable entry prices (still under $400K in many areas)
Strong rent demand across the metro
Landlord-friendly laws and low property taxes
Steady appreciation without the volatility of coastal markets
According to Redfin and Realtor.com (2025):
Median duplex sale price: ~$310,000
Median triplex sale price: ~$395,000
Average rent per unit: $1,200–$1,600/month
Typical cap rates: 6–8%, depending on neighborhood
That mix makes Indy ideal for both local investors building passive income and out-of-state buyers looking for steady ROI.
Types of Multifamily Properties in Indianapolis
Classic Duplexes (Pre-1940s builds)
Found in neighborhoods like Fountain Square, Bates-Hendricks, and Garfield Park, these older homes often have charm and solid rent potential after renovation.Mid-Century Brick Duplexes (1950–1970s)
Popular in areas like Speedway and Lawrence Township — low maintenance and great for long-term tenants.Modern Duplexes & Triplexes (New Builds)
Newer developments near downtown and Fall Creek Place cater to higher-end renters and shorter vacancy cycles.
Top Indy Neighborhoods for Duplex & Triplex Investing (2025)
Neighborhood | Typical Price Range | Avg Rent (per unit) | Investor Vibe |
|---|---|---|---|
Fountain Square | $375K–$500K | $1,600+ | Trendy, great for house hacking |
Garfield Park | $250K–$350K | $1,300 | Affordable, strong local tenant base |
Near Eastside | $180K–$275K | $1,100 | High cash flow, strong appreciation upside |
Bates-Hendricks | $350K–$450K | $1,500 | Walkable, in-demand, solid resale |
Irvington | $275K–$400K | $1,300 | Historic, stable long-term tenants |
West Indianapolis / Speedway | $200K–$325K | $1,200 | Blue-collar cash flow play |
Each neighborhood attracts a different investor profile — from the high-yield Near Eastside duplex to the Fountain Square house-hack duplex you can live in yourself.
Financing Multifamily Properties in Indy
Buying a duplex or triplex opens the door to creative financing options that single-family homes don’t offer.
1. House Hacking Loans (Owner-Occupied)
Live in one unit, rent the others, and qualify for FHA (3.5% down) or Conventional (5% down) financing.
Perfect for first-time buyers.
Rents help offset your mortgage instantly.
Tax benefits + appreciation potential.
Learn more about this strategy in How to House Hack in Fountain Square.
2. Investor Loans (Non-Owner Occupied)
If you plan to rent all units, expect:
20–25% down
Higher interest rates than primary residences
DSCR (Debt Service Coverage Ratio) loans — great for portfolio scaling
3. Local & Portfolio Lenders
Indianapolis has several regional banks that specialize in investor-friendly loans for small multifamily properties. Roots Realty Co. can connect you with trusted options.
How to Analyze a Duplex or Triplex Investment
Step 1: Calculate Cash Flow
Cash Flow = (Gross Rent – Expenses – Mortgage)
Target: $200–$400/month per unit after expenses.
Step 2: Check Rent-to-Price Ratio
Strong deals in Indy often fall between 0.9%–1.1% rent-to-price.
Example: A $300K duplex renting for $1,500/unit = 1% ratio.
Step 3: Account for Maintenance & Vacancy
Budget 5–8% for maintenance and 5% for vacancy. Older homes may need higher reserves.
Step 4: Verify Market Rents
Check Redfin, Realtor.com, or local property managers for true rent comps — not just Zillow estimates.
Step 5: Factor in Appreciation + Tax Benefits
Indy’s 3–4% annual appreciation and depreciation deductions can significantly boost ROI over time.
Why Duplexes & Triplexes Are Great for BRRRR Investors
If you’re into the Buy, Rehab, Rent, Refinance, Repeat (BRRRR) model, multifamily is your playground.
Why it works so well:
Multiple income streams per property = faster equity growth.
Easier to hit refinance requirements with higher total rent roll.
Great fit for older homes in Near Eastside, Garfield Park, and Fountain Square.
Want to dive deeper into how this works? Check out BRRRR in Indianapolis: 2025 Investor Guide.
Expected ROI for Indy Duplex/Triplex Investors (2025)
Metric | Typical Range |
|---|---|
Cap Rate | 6–8% |
Cash-on-Cash Return | 8–10% (house hack) / 6–8% (fully rented) |
Annual Appreciation | 3–4% |
Vacancy Rate | ~5% |
5-Year ROI (Projected) | 30–40% including appreciation |
These numbers make Indy one of the most balanced markets in the Midwest — strong enough for returns, stable enough for long holds.
Common Mistakes to Avoid
Underestimating Repairs
Older duplexes often need roof, HVAC, or plumbing work. Always budget for updates.Skipping Local Property Management
A good manager keeps units full, rents collected, and turnover low — especially if you’re investing remotely.Ignoring Neighborhood Nuance
One street can drastically change rentability or ARV. Work with an agent who knows Indy’s micro-markets.Not Accounting for Tenant Mix
Renting both units to the right tenants (income stability, lease length, pet policies) impacts long-term ROI.
Investor FAQs: Duplex & Triplex Investing in Indianapolis
Are small multifamily properties hard to find in Indy?
Inventory is limited but steady. Many 2–3 unit properties sell off-market — a good local agent helps you find them first.
Can I use FHA or VA loans for a duplex?
Yes — as long as you live in one unit. FHA allows 3.5% down; VA allows 0% down for qualified buyers.
What’s better in Indy — duplex or single-family?
For cash flow: duplex. For appreciation: single-family. Many investors start with duplexes, then diversify.
Is Indy a good market for remote investors?
Definitely. Low prices, stable tenants, and strong property management support make remote ownership feasible.
Final Thoughts: Building Wealth, One Door at a Time
Duplex and triplex investing is one of the most sustainable ways to build wealth in Indianapolis real estate. Whether you’re a first-timer house hacking your way in or scaling a rental portfolio, Indy offers the right mix of affordability, stability, and opportunity.
Ready to explore small multifamily deals? The Roots Realty Co. team helps investors analyze returns, connect with lenders, and find cash-flowing properties across the city.