Investor opportunity in the beautiful historic Woodruff Place! This 4-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 remodels to all 4 units, new mini split in Unit 4, new forced AC in Unit 3, new kitchens, bathrooms, new water heater, new sump pump 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.
Active
$520,000
625 Woodruff Place Middle Dr, Indianapolis, IN 46201
4beds
4baths
--sqft
:
Get pre-qualified$3,500/mo
Multi Family, Quadruplex
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
New kitchensNew sump pumpNew water heater
- 134 days |
- 322 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Sarah Fishburn 317-989-5613,
F.C. Tucker Company,
Brandon Fishburn 317-445-5189
Source: MIBOR as distributed by MLS GRID,MLS#: 22089333
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air, Wall Unit(s)
Appliances
- Laundry: No Laundry Facil.
Features
- Has basement: Yes
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
- Details: Unit Parking(On Street)
Lot
- Size: 10,018 Square Feet
- Features: Access, Curbs, Sidewalks, Mature Trees
Details
- Parcel number: 491006168255000101
- Special conditions: As Is,Historic District
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Quadruplex
Materials
- Wood Siding
Condition
- New construction: No
- Year built: 1900
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Woodruff Place
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $331,000
- Annual tax amount: $8,916
- Date on market: 3/16/2026
- Cumulative days on market: 136 days
- Tenant pays: Cable TV, Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/16/2026 | Price change | $520,000-84.5% |
Source:  MIBOR as distributed by MLS GRID #22089333 Report a problem | ||
| 11/22/2021 | Pending sale | $3,350,000 |
Source: MIBOR as distributed by MLS GRID #21816265 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,915 +66.5% | $331,000 -11.9% |
| 2024 | $5,356 +27.6% | $375,700 +66.4% |
| 2023 | $4,198 +15.1% | $225,800 +27% |
| 2022 | $3,647 -0.7% | $177,800 +12.5% |
| 2021 | $3,673 +2.4% | $158,100 -0.3% |
| 2020 | $3,586 -7.2% | $158,600 +4.4% |
| 2019 | $3,866 +11% | $151,900 |
| 2018 | $3,481 +3.8% | $151,900 +3.8% |
| 2017 | $3,353 +2.2% | $146,300 +5.6% |
| 2016 | $3,282 +2.8% | $138,500 -6.2% |
| 2014 | $3,193 -5.4% | $147,700 -0.1% |
| 2013 | $3,374 | $147,800 +2.1% |
| 2012 | $3,374 | $144,700 -2.2% |
| 2011 | -- | $148,000 |
| 2010 | $3,420 -0.7% | $148,000 |
| 2009 | $3,445 | $148,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Near Eastside
Nearby schools
GreatSchools rating
- 4/10Theodore Potter School 74Grades: K-5Distance: 0.4 mi
- 3/10H.L. Harshman Magnet Middle SchoolGrades: 6-8Distance: 0.4 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 0.4 mi
- $---- bd1 ba500 sqft625 Woodruff Place Middle Dr APT 3, Indianapolis, IN 46201Off Market
- $--1 bd2 ba1.1k sqft625 Woodruff Place Middle Dr APT 1, Indianapolis, IN 46201Off Market
- $159,8001 bd1 ba750 sqft625 Woodruff Place Middle Dr APT 2, Indianapolis, IN 46201Off Market
- $---- bd1 ba500 sqft625 Woodruff Place Middle Dr APT 4, Indianapolis, IN 46201Off Market
- $308,1001 bd-- ba3.2k sqft639 Woodruff Place Middle Dr, Indianapolis, IN 46201Off Market
- $--1 bd1 ba700 sqft609 Woodruff Place Middle Dr APT 5, Indianapolis, IN 46201Off Market
- $214,3002 bd2 ba1k sqft609 Woodruff Place Middle Dr APT 4, Indianapolis, IN 46201Off Market
- $--2 bd2 ba1k sqft609 Woodruff Place Middle Dr APT 1, Indianapolis, IN 46201Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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