720 Woodruff Place West Drive, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
720 Woodruff Place West Drive,Indianapolis, IN 46201
$299,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: hayley wild
Office: compass indiana, llc.
MLS#:22098151
Source:IN_MIBOR

Price summary

  • Price:$299,900

About this home

Located in the historic and highly sought-after Woodruff Place, 720 Woodruff Place W Drive presents a rare opportunity to own a character-rich, income-producing property in one of Indianapolis' most iconic neighborhoods. Currently configured as an 8-unit property with a legal nonconforming use, the building includes 4 studio units, 3 one-bedroom units, and 1 two-bedroom unit, offering strong income potential and flexibility. Distinctive features include a grand upstairs ballroom and a separate carriage house-currently fully vacant-providing immediate value-add potential for additional rental income or creative use, along with a spacious basement offering expansion possibilities (buyer to verify). Zoned for 1-4 single-family use, the property allows for multiple exit strategies, including continued use as an investment or conversion back to a stunning single-family residence, all ideally located near Brookside Park and just minutes from downtown.

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Home facts

  • Year built:1904
  • Listing ID #:22098151
  • Added:4 day(s) ago
  • Updated:May 02, 2026 at 02:51 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement, Unfinished

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1904
  • Lot area:0.06 Acres
  • Foundation Description:Block

Finances and disclosures

  • Price:$299,900
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