Log In/Sign Up
Your email has been sent.
The Ritz 317 E 38th St 16 Unit Apartment Building For Sale Indianapolis, IN 46205
Investment Highlights
- The property consists of 16 one-bedroom, one-bathroom apartment units within a single building.
- The asset is located within the established Mapleton-Fall Creek neighborhood on Indianapolis' Northside.
- The property occupies approximately 0.49 acres and was originally constructed in 1923.
- All apartment units are separately metered for electricity and include individual furnaces.
- Residents benefit from proximity to Downtown Indianapolis, the Monon Trail, and The Children's Museum of Indianapolis.
- A consistent unit mix supports operational efficiency and simplified property management.
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.
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 | Building Class | C |
| No. Units | 16 | Lot Size | 0.49 AC |
| Property Type | Multifamily | Building Size | 11,568 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Zoning | ZO01 | ||
| 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 | 11,568 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | ZO01 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 612 - 818 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-06-24-133-021.000-101 | Improvements Assessment | $333,800 |
| Land Assessment | $208,600 | Total Assessment | $542,400 |
Property Taxes
Parcel Number
49-06-24-133-021.000-101
Land Assessment
$208,600
Improvements Assessment
$333,800
Total Assessment
$542,400
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
