945 Woodruff Place Middle Drive, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
945 Woodruff Place Middle Drive,Indianapolis, IN 46201
$500,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: todd burton, derek gendig
Office: evergrow realty group
MLS#:22123397
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$500,000

About this home

RARE INVESTMENT OPPORTUNITY IN HISTORIC WOODRUFF PLACE! This distinctive 4-unit property offers an excellent opportunity to acquire an income-producing asset in one of Indianapolis' most historic neighborhoods, with significant upside through the lease-up of 2 currently vacant units & the garage. Situated on an expansive 13600 sq ft lot, this impressive property features four residential units, a functional basement, welcoming porch, and the timeless architectural character of Historic Woodruff Place. 2 units are occupied & generating 3350 per mo. but tenants in unit #1 are vacating in ~60-90 days. The 2 remaining units are vacant, creating an immediate opportunity to increase occupancy and cash flow. 1 vacant unit has been rehabilitated and is rent-ready; the 2nd requires primarily cosmetic improvements. The property is priced substantially below comparable multifamily properties in the area, reflecting the current vacancy and need for additional work & rehabilitation. An investor...

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Home facts

  • Year built:1910
  • Subdivision & Development:Woodruff Place
  • Listing ID #:22123397
  • Added:18 day(s) ago
  • Updated:September 19, 2026 at 07:51 AM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Heating and cooling

  • Cooling:Central Electric
  • Central air:Yes

Structure and exterior

  • Year built:1910
  • Lot area:0.31 Acres
  • Architectural Style:Colonial

Finances and disclosures

  • Price:$500,000

Parking

  • Garage:Yes
  • Garage spaces:2
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