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 new sewer, 3 of the 4 units have had remodeled bathrooms, 2 of the units have had the Kitchens remodeled, new AC in Unit 3, Roof was replaced in 2021 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.
Pending
$525,000
640 Woodruff Place East Dr, Indianapolis, IN 46201
8beds
4baths
--sqft
Multi Family, Quadruplex
Built in 1910
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Remodeled bathrooms
- 152 days |
- 313 |
- 26 |
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#: 22089350
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Features
- Has basement: Yes
Property
Parking
- Details: Unit Parking(On Street)
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 491006168261004101
- Zoning: D5
- Special conditions: As Is,Historic District
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
Condition
- New construction: No
- Year built: 1910
Community & HOA
Community
- Subdivision: Woodruff Place
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $467,800
- Annual tax amount: $10,316
- Date on market: 3/16/2026
- Cumulative days on market: 153 days
- Tenant pays: Cable TV, Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Pending sale | $525,000 |
Source:  MIBOR as distributed by MLS GRID #22089350 Report a problem | ||
| 3/16/2026 | Listed for sale | $525,000-76.7% |
Source: MIBOR as distributed by MLS GRID #22089350 Report a problem | ||
| 6/26/2023 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21911111 Report a problem | ||
| 4/24/2023 | Pending sale | $2,250,000 |
Source: MIBOR as distributed by MLS GRID #21911111 Report a problem | ||
| 3/24/2023 | Price change | $2,250,000+350% |
Source: MIBOR as distributed by MLS GRID #21911111 Report a problem | ||
| 3/20/2023 | Price change | $500,000-85.1% |
Source: MIBOR as distributed by MLS GRID #21911111 Report a problem | ||
| 11/22/2021 | Pending sale | $3,350,000+846.3% |
Source: MIBOR as distributed by MLS GRID #21816278 Report a problem | ||
| 7/15/2020 | Sold | $354,000-0.3% |
Source: MIBOR as distributed by MLS GRID #21691287 Report a problem | ||
| 5/20/2020 | Pending sale | $355,000 |
Source: Keller Williams Indy Metro S #21691287 Report a problem | ||
| 5/9/2020 | Price change | $355,000-1.1% |
Source: Keller Williams Indy Metro S #21691287 Report a problem | ||
| 3/23/2020 | Price change | $359,000-5.3% |
Source: Keller Williams Indy Metro S #21691287 Report a problem | ||
| 2/27/2020 | Price change | $379,000-2.6% |
Source: Keller Williams Indy Metro S #21691287 Report a problem | ||
| 1/31/2020 | Listed for sale | $389,000+44.1% |
Source: Keller Williams Indy Metro S #21691287 Report a problem | ||
| 9/26/2019 | Listing removed | $270,000 |
Source: Keller Williams Realty Indy Metro South #21635222 Report a problem | ||
| 9/25/2019 | Listed for sale | $270,000 |
Source: Keller Williams Indy Metro S #21635222 Report a problem | ||
| 9/16/2019 | Pending sale | $270,000 |
Source: Keller Williams Indy Metro S #21635222 Report a problem | ||
| 8/15/2019 | Price change | $270,000-5.3% |
Source: Keller Williams Realty Indy Metro South #21635222 Report a problem | ||
| 6/14/2019 | Listed for sale | $285,000 |
Source: Keller Williams Realty Indy Metro South #21635222 Report a problem | ||
| 6/12/2019 | Pending sale | $285,000 |
Source: Keller Williams Realty Indy Metro South #21635222 Report a problem | ||
| 6/3/2019 | Price change | $285,000-3.4% |
Source: Keller Williams Realty Indy Metro South #21635222 Report a problem | ||
| 5/19/2019 | Price change | $295,000-7.8% |
Source: Keller Williams Realty Indy Metro South #21635222 Report a problem | ||
| 5/5/2019 | Price change | $320,000-3% |
Source: Keller Williams Realty Indy Metro South #21635222 Report a problem | ||
| 4/23/2019 | Listed for sale | $330,000 |
Source: Keller Williams Indy Metro S #21635222 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,877 +1.9% | $467,800 +15.6% |
| 2024 | $4,786 -1.8% | $404,600 +1.1% |
| 2023 | $4,873 +11.3% | $400,000 -1% |
| 2022 | $4,380 +101.5% | $404,100 +8.2% |
| 2021 | $2,173 -47.3% | $373,400 +98.6% |
| 2020 | $4,122 +6.5% | $188,000 +7.7% |
| 2019 | $3,869 +19.5% | $174,600 +12.3% |
| 2018 | $3,238 +2.5% | $155,500 +12.1% |
| 2017 | $3,158 +13.4% | $138,700 +2.1% |
| 2016 | $2,784 -0.2% | $135,800 +5.3% |
| 2014 | $2,789 +4.7% | $129,000 +7% |
| 2013 | $2,665 | $120,600 -25.9% |
| 2012 | $2,665 | $162,800 +18.6% |
| 2011 | -- | $137,300 |
| 2010 | $2,877 -2.3% | $137,300 |
| 2009 | $2,946 | $137,300 -7.9% |
| 2007 | -- | $149,000 |
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: 0.3 mi
- 3/10H.L. Harshman Magnet Middle SchoolGrades: 6-8Distance: 0.3 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 0.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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