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5241 Boy Scout Rd 5241 Boy Scout Rd 12 Unit Apartment Building $1,950,000 ($162,500/Unit) 6.21% Cap Rate Indianapolis, IN 46226
Investment Highlights
- Two buildings with a large courtyard
- Property is located on over 3 acres of land
- 13 carports along with maintenance and tenant parking between the properties
Executive Summary
Fully Leased 12-Unit Brick Townhome Complex in Lawrence Township Rare Investment Opportunity
Introducing 5241 Boy Scout Road, Indianapolis,a solid and well-maintained 12 unit brick multi-family property ideally located in desirable Lawrence Township, one of Indianapolis' most stable rental markets. This unique investment features 11 spacious 2-bedroom, 1.5 bath townhome-style units and 1 oversized 4-bedroom, 2.5-bath end unit complete with a private deck—perfect for an on-site manager or premium rental offering.
All units feature private entrances and multi-level living, which renters love for privacy and livability. The larger unit’s added space and outdoor deck offer flexibility for a high-income rental or on-site management.
Amenities and Highlights:
Located in Lawrence Township, known for strong schools, parks, and community stability
13 covered carport spaces plus additional surface parking
Quiet, residential street with excellent access to shopping, dining, and public transportation
Close proximity to Fort Harrison State Park, walking trails, and golf
Professionally managed with long-term tenants in place
Solid brick construction for low maintenance
This property is a rare find, fully leased, income-producing, and poised for long-term appreciation in a growing area of Indianapolis. Whether you're looking to expand your multi-family portfolio or secure a stable asset in a high-demand area, this property delivers.
Introducing 5241 Boy Scout Road, Indianapolis,a solid and well-maintained 12 unit brick multi-family property ideally located in desirable Lawrence Township, one of Indianapolis' most stable rental markets. This unique investment features 11 spacious 2-bedroom, 1.5 bath townhome-style units and 1 oversized 4-bedroom, 2.5-bath end unit complete with a private deck—perfect for an on-site manager or premium rental offering.
All units feature private entrances and multi-level living, which renters love for privacy and livability. The larger unit’s added space and outdoor deck offer flexibility for a high-income rental or on-site management.
Amenities and Highlights:
Located in Lawrence Township, known for strong schools, parks, and community stability
13 covered carport spaces plus additional surface parking
Quiet, residential street with excellent access to shopping, dining, and public transportation
Close proximity to Fort Harrison State Park, walking trails, and golf
Professionally managed with long-term tenants in place
Solid brick construction for low maintenance
This property is a rare find, fully leased, income-producing, and poised for long-term appreciation in a growing area of Indianapolis. Whether you're looking to expand your multi-family portfolio or secure a stable asset in a high-demand area, this property delivers.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,950,000 | Building Class | C |
| Price Per Unit | $162,500 | Lot Size | 3.59 AC |
| Sale Type | Investment | Building Size | 15,356 SF |
| Cap Rate | 6.21% | Average Occupancy | 83% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.63/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | Multifamily - COMM - APT 4 - 19 UNITS-401 | ||
| Price | $1,950,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 6.21% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 3.59 AC |
| Building Size | 15,356 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | Multifamily - COMM - APT 4 - 19 UNITS-401 |
Amenities
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 11 | $1,275 | 1,154 |
| 4+2.5 | 1 | $1,620 | 2,300 |
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Property Taxes
| Parcel Number | 49-07-12-124-001.000-407 | Total Assessment | $460,100 |
| Land Assessment | $199,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $261,100 | Tax Year | 2024 |
Property Taxes
Parcel Number
49-07-12-124-001.000-407
Land Assessment
$199,000
Improvements Assessment
$261,100
Total Assessment
$460,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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Contact the Sale Advisor
5241 Boy Scout Rd | 5241 Boy Scout Rd
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