About This Home

This 2-bedroom, 1-bathroom multi-family at 8465 Bluff Road in Indianapolis, IN is listed for $262,500. Built in 1976, on a 0.41 acres lot.

Key Features

  • Built in 1976
  • 0.41 acre lot

Property Details

1 story
1 full
2-car garage
1976

Amenities

A/C
Listing Description

Income-Producing Duplex Portfolio - Four Fully Rented Units Excellent investment opportunity featuring two duplex properties with four total units, all currently rented. The portfolio offers a strong rental history, with all tenants demonstrating a consistent record of on-time payments.

In addition to the four residential units, the property includes four separate garages currently available to be rented for storage, providing an additional income stream. The properties are well maintained and have benefited from numerous recent improvements.

Three of the four units have been renovated, including new flooring, lighting, drywall, and interior paint. A new roof and gutters were installed in 2024, and three of the four units have received new water heaters between 2023 and 2025. Two of the four units have new HVAC systems, further enhancing the property's reliability and appeal.

Electrical panels have all been replaced and are up to code. Both properties are serviced by well and septic system and have been carefully maintained, with all major systems and components reported to be in good working order. Septic pumped in 2026. This is a turnkey investment opportunity with established tenants, multiple income sources, and a strong history of ongoing maintenance and improvements.

Monthly Cost Estimate

$1,404/mo

20% down · 6.5% · 30 years

Principal$190
Interest$1,138
Insurance$77

Estimates only. Actual payments may vary.

Location

8465 Bluff Road

Indianapolis, IN 46217

No Subdivision

Property Details

Construction

Brick

Heating

Electric (Heating)

Cooling

Central Air

Questions & Answers

This 2-bedroom, 1-bathroom multi-family at 8465 Bluff Road is listed at $262,500. The estimated monthly payment is $1,404 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1976, 0.41 acre lot.

This property is listed by Justin Perrey.

JP

Justin Perrey

Agent at Realty ONE Group New Horizons

Listed by Realty ONE Group New Horizons · Broker phone: (317) 286-6588 · View on Broker Site

MLS# 22120492· Source: Broker Listing Cooperative®· 68 days on PropertySimple

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

8465 Bluff Road, Indianapolis, IN 46217

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