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317 E 38th St
Indianapolis, IN 46205
Multifamily Property For Sale · 16 Units

Executive Summary

XMark Midwest is pleased to offer The Ritz Apartments, a 16-unit apartment community located on the city’s Northside at 317 E. 38th St.,Indianapolis, IN 46205.
Built in 1923, the property encompasses 0.49± acres and consists of one two-story building with 11,568 rentable square feet. The property consists of 16 spacious one bedroom/ one-bathroom units.
All units are separately metered for electric with individual furnaces. Mapleton-Fall Creek is a historic, diverse Northside Indianapolis neighborhood bordered by 38th Street, Fall Creek Parkway, and Meridian Street. Known for it’s early 20th-century Tudor and Colonial Revival homes, the area offers a central location, strong community, and proximity to the Children’s Museum of Indianapolis, the Monon Trail, and downtown.

Property Facts

Sale Type Investment
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.49 AC
Building Size 17,516 SF
No. Stories 2
Year Built 1923
Zoning ZO01

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 - 612 - 818

Property Taxes

Property Taxes

Parcel Number
49-06-24-133-021.000-101
Land Assessment
$208,600
Improvements Assessment
$333,800
Total Assessment
$542,400
  • Listing ID: 41304446

  • Date on Market: 7/15/2026

  • Last Updated:

  • Address: 317 E 38th St, Indianapolis, IN 46205

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