Indianapolis homes, investor picks, and Roots listings.

A 16-unit building bringing in $15,910 a month with another $2,890 sitting on the table once you fill the two vacant units. Two side-by-side 8-unit buildings at 2008 and 2012 E Washington, sold together as one package. Every unit is a one-bed, one-bath layout, fully renovated under current ownership. New flooring, fresh paint, updated fixtures, modern kitchens and bathrooms. Electronic locks on every door, so turnovers don't turn into a rekey project. Fourteen units are leased today. Rents run from $1,060 to $1,175, with most around $1,130. Stabilized at $1,175 across all 16, the property produces $18,800 a month, or $225,600 a year. Two of the eight units in 2008 are vacant and turn-ready. Lease them up and that upside is yours, no renovation required. The expense side is clean. Seventeen months of seller actuals show operating expenses averaging about $5,041 a month, or just over $60,000 a year. Insurance is one blanket policy across both buildings. Trash, pest, internet, and taxes are flat fixed costs. Maintenance ran a little hot in late 2025 while leaks were chased down, and that line is trending back to baseline now. At stabilized occupancy, expenses level out around $5,216 a month and net operating income lands near $163,000 before debt. Each building runs on two central HVAC systems, four across the package. Shared parking in the rear gives every tenant one space. Roof, electrical, plumbing, and HVAC were all inspected at acquisition and reports are available. East Washington is one of the more active corridors in Indianapolis right now. New businesses, real neighborhood investment, and quick access to downtown, Fountain Square, and Irvington. You're buying into the path of growth, not chasing it. Rent roll, profit and loss, and the full deal package are ready for qualified buyers.

Beautifully restored home in the Brookside Park neighborhood currently operating as a rent-by-the-room investment. The property features 4 bedrooms, 3 full bathrooms, and an open-concept kitchen, dining, and living area. All four rooms are rented, producing $3,400/month in total rent. Updates include a new kitchen with granite countertops, stainless steel appliances, and luxury vinyl plank flooring throughout. The home also offers two large storage buildings and rear parking.

Check out this stunning, fully updated 4-bed, 2-bath craftsman style bungalow in Monon Yard, just minutes to near north side staples like the Monon Trail, Goose the Market and Command Coffee. CURRENTLY RENTED FOR $1,845/month THROUGH AUGUST 2026! This is not your typical investment property - updated top to bottom with modern finishes while keeping its original craftsman charm. With approximately 1,800 finished square feet across two levels, you'll find LVP flooring through the main living areas, white shaker cabinets with butcher block countertops, marble-look tile in both bathrooms with matte black fixtures, black trim on every window and door, new carpet in all bedrooms, and appliances included. The open main-floor layout features original columns, a decorative fireplace, and a covered front porch with painted white brick and iron railings giving this home incredible curb appeal. Upstairs bedrooms offer cozy sloped ceilings with built-in closets. Additional features include a basement with newer HVAC and water heater and a large detached garage. Currently tenant-occupied with a lease through August 2026 at $1,845/month - a turnkey investment with immediate cash flow. Check it out before it's gone!

Welcome to your Fountain Square stunner, where historic charm and modern style come together. Previously taken down to the studs and thoughtfully reimagined, this beautifully updated 3-bedroom, 2-bath home blends character, function, and fresh design. From the soaring 10-foot ceilings to the stylish updates throughout, this home feels bright, inviting, and full of personality. The heart of the home is the stunning kitchen featuring a large center island, abundant cabinet space, and the perfect setup for entertaining. Two bedrooms on the main level offer flexibility for guests, a home office, or creative space, while the private upstairs primary suite provides retreat.

Tucked away in Lebanon's highly desirable Brendan Wood neighborhood, this stunning FULLY REMODELED ranch is anything but ordinary! Situated on a spacious corner lot and a half with mature trees, beautiful landscaping, and golf course views from the large covered front porch, 2004 Terrace Lane offers the perfect blend of luxury, character, and space. Featuring 5 bedrooms, 4 full baths, and an expansive layout filled with custom details, this home has been thoughtfully updated from top to bottom - no room left untouched! The oversized primary suite feels like a private retreat with THREE closets, including a large walk-in closet, plus a spa-inspired bath with a freestanding soaking tub and oversized luxury shower. Guests will love the private ensuite bedroom, while the Jack-and-Jill bedrooms and additional rooms offer flexibility for family or office.

Rare opportunity to purchase two furnished, income-producing mid-term rental properties preferably sold as a pair in one of Indy's most convenient near-downtown locations. Located at 1119 and 1123 S Randolph St, these two neighboring homes share a backyard and have been successfully utilized as furnished rent-by-the-room stays, primarily serving healthcare professionals and traveling tenants. The properties offer a strong current income, operational flexibility, and long-term upside. Each home is already furnished and currently operating as a room-by-room rental, creating a turnkey opportunity for an investor.

Companion property to 1123 S Randolph. Same description applies: furnished, income-producing mid-term rental sold preferably as a pair. Located in Fountain Square, ideal for healthcare professionals and traveling tenants.

Great investment opportunity! 3 bed, 1.5 bath home with a 1 car garage with plenty of room for storage. Located close to the bus line with easy access to Downtown, Broad Ripple, and the Fairgrounds!

Incredible Near Eastside investment opportunity! This property offers strong potential for investors or those looking looking to expand their portfolio. It does need some updates, reflected in the price, making it a perfect value add opportunity.

Located in proximity to the rapidly developing Monon Yard neighborhood, this efficient 4-bedroom, 2-bath home offers strong investment potential and long-term upside. With estimated rents between $1,300-$1,500 per month depending on updates, it's ideal for investors seeking stable cash flow or buyers needing four bedrooms in a compact, low-maintenance footprint. The functional layout appeals to both families and roommates, and nearby redevelopment suggests continued appreciation and demand. Whether you're expanding a rental portfolio or looking for value in a growing area, this property combines immediate income potential with long-term growth tied to neighborhood transformation.

Investors dream! This property is rented to long term tenants for $1,130 per month. Great opportunity to add to your rental portfolio with this turnkey rental just minutes from the heart of Fountain Square. Located on the near southeast side of Indianapolis with tons of nearby redevelopment. Snatch this place up before it's gone!

Completely remodeled and move in ready, this beautifully updated home offers modern living with NO HOA restrictions! Brand new kitchen, stunning bathroom with custom tile work, new roof. Split floorplan with primary on one side and two bedrooms on the other. Fully fenced backyard, storage shed. Located minutes from Fort Harrison State Park.

Great Investment Property- turnkey duplex on Indy's near-eastside! Each unit features 1 bed/1 bath and is tenant-occupied for immediate cash flow with rents at $680 and $685/month. Functional layouts, steady income, and a convenient location close to downtown. Wether you're expanding your portfolio or searching for a reliable rental asset, this duplex is a solid, low-maintenance addition. Check it out!

Welcome to this gorgeous 3-bedroom, 2-bath ranch in Fishers - just minutes to the Nickel Plate District and hotspots like Four Day Ray Brewing, Tiburon Coastal Cuisine, Cafe Patachou, and the Nickel Plate Trail. This is not your typical Fishers ranch - a top-to-bottom renovation gives this near 1,300-square-foot home the look and feel of new construction at a fraction of the price. The open-concept layout features wide-plank Galway Oak flooring throughout, fresh paint with crisp white trim, and a gorgeous kitchen with white shaker cabinets, matte black hardware, Calcutta Belarus quartzite countertops, a stainless steel under-mount workstation sink, and a full Samsung appliance package - 5-burner gas range, counter-depth refrigerator, over-the-range microwave, and top-control dishwasher.

THE PERFECT HOUSE HACK! Stunning, fully renovated duplex in Arsenal Heights - just minutes to near east side staples. This is not your typical duplex - rebuilt and reconfigured from the foundation up with the utmost privacy in mind, the two units do not share any bedroom walls. Each unit features 3 bedrooms, 3 full bathrooms, a spacious lofted living area, and nearly 2,000 square feet of living space. Both units have been beautifully finished with granite countertops, stone backsplash, white shaker cabinetry, stainless steel appliances, LVP flooring, recessed lighting throughout.

Completely reworked and rebuilt with intention, this home is more than a cosmetic flip. Taken down to the studs and transformed from a 2-bedroom, 1-bath into a stylish 3-bedroom, 2-bath home with a newly added upstairs primary suite. Major updates to the electrical, plumbing, HVAC, roof, siding, windows, and more. Outside, the improvements continue with privacy fencing and added rear gravel parking.

Welcome to 1409 N Tuxedo St, a beautifully renovated 4-bedroom, 3-bathroom home in the heart of Indianapolis, just a short walk to Brookside Park. This single-family property has been fully updated and is currently rented for $2,900/month with a long-term tenant in place, making it a strong option for both investors and future owner-occupants. Enjoy coffee on the large front porch, a brand-new kitchen with granite countertops and stainless-steel appliances, and luxury vinyl plank flooring throughout. The home also offers rear parking and peace of mind with new mechanicals, fixtures, windows, and roof. Located minutes from Mass Ave, the Arts District, and downtown Indy.

Alright, listen up-this one's a slam dunk. Located in NW Riverside, this 3-bedroom, 2-bathroom home is turn-key and already proven to perform with previous rents at $1,450/month. Whether you're new to investing or you're building that portfolio brick by brick, this is the kind of property that makes sense. You've got clean finishes, a functional layout, and the kind of upgrades tenants love-which means fewer headaches and more steady cash flow. It's turnkey, it's reliable, and it could be yours. I'm telling you-this isn't just a smart move, it's a strong one. The numbers work, the house works, and most importantly, you don't have to overthink it.

Upper-lower style duplex in an upward-moving part of town

Seize this all-brick, corner-lot triplex in prime Irvington, fully rented and cash-flowing from day one. Each of the three units includes its own garage and private yard, delivering strong tenant appeal and long-term stability. Lease terms include $840/month secured through September 2025, plus two month-to-month units at $765 and $930. Built in 1939, this property is built to last and listed at $275,000. A rare, move-in-ready opportunity for passive income in one of Indy’s most sought-after neighborhoods.

Step into the alluring charm of this sunny 1932 bungalow!

Welcome to this spacious home that features an open, light-filled layout with multiple living areas, an updated kitchen, and a comfortable primary suite with a private bath. With 7 bedrooms and 3.5 baths, it offers generous space and flexibility for guests, office, or hobbies. Enjoy a nicely sized backyard with a deck, perfect for relaxing or entertaining. Located near dining, parks, and major commuter routes. Move-in ready and a must-see!

Welcome to 989 Woodruff Place East Drive, a beautifully preserved and thoughtfully updated home nestled in one of Indianapolis' most treasured historic districts. Known for its iconic fountains, globe streetlights, and wide esplanades, Woodruff Place offers timeless beauty and unmatched community charm-just minutes from downtown and the buzzing Bottleworks District. Step inside to find soaring ceilings, rich hardwood floors, and sunlight pouring through oversized windows. The open-concept kitchen is a dream for entertainers and home chefs alike, flowing seamlessly into the dining area. A formal office with a fireplace and a cozy living room round out the main level with warmth and flexibility. Upstairs, the vaulted primary suite is a true retreat, featuring exposed beams and a spa-inspired bathroom. Outside, enjoy morning coffee or evening wine on your private deck-an ideal escape in the city. Whether you're looking for character, comfort, or convenience, this one-of-a-kind home delivers it all in one of Indy's most beloved neighborhoods. Listed By: Rob Mager & Nicole Busse of @ properties IND | MLS #22038329 |