For SaleOpen House23d on marketOpen HouseHistoric · 116 yrs
640 Woodruff Place East Dr
Indianapolis, IN, 46201 • Near Eastside • Marion County
$525,000
Down payment assistance available
8Beds
4Baths
0.12 acLot
1910Built
Property DNA
Character Home
Built 1910 · 116 years of history
Woodruff Place
Near Eastside
This home is getting attention
Listed 23 days ago · 2,039 views · 127 saves
Market activity
Demand and pricing signals for this listing
2,039 views
People checking out this listing
127 saves
Buyers have saved this home
23 days on market
Recently listed
About this home
Multi Family · Built 1910 · Historic
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.
Estimated monthly payment
Based on current rates
$3,288/month
Principal & Interest$2,588
Property Tax$525
Insurance$175
Down payment20% ($105,000)
3%50%
Est. 6.26% rate · 30yr fixed · $420,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family, Quadruplex
Year Built1910
HeatingForced Air
CoolingCentral Air
ParkingNo Data
Days on Zillow23 Days
Property
Home typeMulti Family
Sub-typeMulti Family, Quadruplex
Year built1910
Systems
HeatingForced Air
CoolingCentral Air
Parking & Outdoor
Lot5,227 sqft
Location & Tax
NeighborhoodNear Eastside
ZoningD5
Annual tax$10,316
Parcel491006168150000101
Features & details
2 categories of property features
Interior Features
Heating
Forced Air
Cooling
Central Air
Listing insights
Market data and value estimates
StatusFor Sale
Days on market23
Tax rate0.96%
On marketMar 16, 2026
PostedMar 16, 2026
Last sold$354,000
MLS statusActive
MLS updatedApr 6, 2026
Tour days9
Views2,039
Favorites127
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46201
Price history
22 events
DateEventPrice$/sqftSource
Mar 16, 2026Listed For Sale$525,000—MIBOR as distributed by MLS GRID
Jun 26, 2023Listing Removed——MIBOR as distributed by MLS GRID
Apr 24, 2023Pending Sale$2,250,000—MIBOR as distributed by MLS GRID
Mar 24, 2023Price Change$2,250,000—MIBOR as distributed by MLS GRID
Mar 20, 2023Price Change$500,000—MIBOR as distributed by MLS GRID
Nov 22, 2021Pending Sale$3,350,000—MIBOR as distributed by MLS GRID
Jul 15, 2020Sold$354,000—MIBOR as distributed by MLS GRID
May 20, 2020Pending Sale$355,000—Keller Williams Indy Metro S
May 9, 2020Price Change$355,000—Keller Williams Indy Metro S
Mar 23, 2020Price Change$359,000—Keller Williams Indy Metro S
Feb 27, 2020Price Change$379,000—Keller Williams Indy Metro S
Jan 31, 2020Listed For Sale$389,000—Keller Williams Indy Metro S
Sep 26, 2019Listing Removed$270,000—Keller Williams Realty Indy Metro South
Sep 25, 2019Listed For Sale$270,000—Keller Williams Indy Metro S
Sep 16, 2019Pending Sale$270,000—Keller Williams Indy Metro S
Aug 15, 2019Price Change$270,000—Keller Williams Realty Indy Metro South
Jun 14, 2019Listed For Sale$285,000—Keller Williams Realty Indy Metro South
Jun 12, 2019Pending Sale$285,000—Keller Williams Realty Indy Metro South
Jun 3, 2019Price Change$285,000—Keller Williams Realty Indy Metro South
May 19, 2019Price Change$295,000—Keller Williams Realty Indy Metro South
May 5, 2019Price Change$320,000—Keller Williams Realty Indy Metro South
Apr 23, 2019Listed For Sale$330,000—Keller Williams Indy Metro S
Listed For Sale$525,000
Mar 16, 2026•MIBOR as distributed by MLS GRID
Listing Removed—
Jun 26, 2023•MIBOR as distributed by MLS GRID
Pending Sale$2,250,000
Apr 24, 2023•MIBOR as distributed by MLS GRID
Price Change$2,250,000
Mar 24, 2023•MIBOR as distributed by MLS GRID
Price Change$500,000
Mar 20, 2023•MIBOR as distributed by MLS GRID
Pending Sale$3,350,000
Nov 22, 2021•MIBOR as distributed by MLS GRID
Sold$354,000
Jul 15, 2020•MIBOR as distributed by MLS GRID
Pending Sale$355,000
May 20, 2020•Keller Williams Indy Metro S
Price Change$355,000
May 9, 2020•Keller Williams Indy Metro S
Price Change$359,000
Mar 23, 2020•Keller Williams Indy Metro S
Price Change$379,000
Feb 27, 2020•Keller Williams Indy Metro S
Listed For Sale$389,000
Jan 31, 2020•Keller Williams Indy Metro S
Listing Removed$270,000
Sep 26, 2019•Keller Williams Realty Indy Metro South
Listed For Sale$270,000
Sep 25, 2019•Keller Williams Indy Metro S
Pending Sale$270,000
Sep 16, 2019•Keller Williams Indy Metro S
Price Change$270,000
Aug 15, 2019•Keller Williams Realty Indy Metro South
Listed For Sale$285,000
Jun 14, 2019•Keller Williams Realty Indy Metro South
Pending Sale$285,000
Jun 12, 2019•Keller Williams Realty Indy Metro South
Price Change$285,000
Jun 3, 2019•Keller Williams Realty Indy Metro South
Price Change$295,000
May 19, 2019•Keller Williams Realty Indy Metro South
Price Change$320,000
May 5, 2019•Keller Williams Realty Indy Metro South
Listed For Sale$330,000
Apr 23, 2019•Keller Williams Indy Metro S
Tax history
16 years of records
YearTax paidAssessed value
Apr 9, 2024$4,786$404,600
Apr 9, 2023$4,873$400,000
Apr 9, 2022$4,380$404,100
Apr 9, 2021$2,173$373,400
Apr 9, 2020$4,122$188,000
Apr 9, 2019$3,869$174,600
Apr 9, 2018$3,238$155,500
Apr 9, 2017$3,158$138,700
Apr 9, 2016$2,784$135,800
Apr 9, 2014$2,789$129,000
Apr 9, 2013$2,665$120,600
Apr 9, 2012$2,665$162,800
Apr 9, 2011—$137,300
Apr 9, 2010$2,877$137,300
Apr 9, 2009$2,946$137,300
Apr 9, 2007—$149,000
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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Based on information submitted to the MLS GRID as of 2026-04-09 09:27:44 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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