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$299,900
4,604
square ft

720 Woodruff Place West Drive
Indianapolis, Indiana 46201

New / MLS #22094042 / Multiple Family / Woodruff Place
Listing information updated 4/26/2026 at 11:06am
Located in the historic and highly sought-after Woodruff Place, 720 Woodruff Place W Drive presents a rare opportunity to own a character-rich, income-producing property in one of Indianapolis' most iconic neighborhoods. Currently configured as an 8-unit property with a legal nonconforming use, the building includes 4 studio units, 3 one-bedroom units, and 1 two-bedroom unit, offering strong income potential and flexibility. Distinctive features include a grand upstairs ballroom and a separate carriage house-currently fully vacant-providing immediate value-add potential for additional rental income or creative use, along with a spacious basement offering expansion possibilities (buyer to verify). Zoned for 1-4 single-family use, the property allows for multiple exit strategies, including continued use as an investment or conversion back to a stunning single-family residence, all ideally located near Brookside Park and just minutes from downtown.
Square Feet:
4,604
Lot Size:
0.06 Acres
Acreage:
0.06
Cooling System:
Window Unit(s)
Current Use:
Residential
Zoning:
Single Family
Building Square Feet:
4,604
Tax Amount:
N/A
Tax Year:
2024
Zip Code:
46201
City:
Indianapolis
County:
Marion

Listing Office: Compass Indiana, LLC

Listing Office Phone: 317.563.5051

Disclaimer: The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 4/26/2026 at 11:06am. 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.

Woodruff Place

Woodruff Place, IN

The historic community of Woodruff Place is recognized as Indianapolis’s first planned residential suburb. It was added to the National Register of Historic Places in 1972 and is the only downtown historic neighborhood that is 100% residential. With an active group of residents, the Woodruff Place...
$471,117
Average Sale Price
79
Average Days On The Market
92%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 720 Woodruff Place West Drive, Indianapolis, IN 46201

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720 Woodruff Place West Drive, Indianapolis, IN 46201 is a multiple family currently listed at $299,900. This multiple family has been listed on @properties IND since April 24th, 2026.

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