Indianapolis Portfolio 3 Multifamily Properties in Indianapolis, IN

INVESTMENT HIGHLIGHTS

  • IMMEDIATE SCALE INTO A LEADING MIDWEST MARKET
  • UPWARD TRENDING SUBMARKETS OF MARION COUNTY
  • SURROUNDED BY CITY, STATE, AND PRIVATE INVESTMENTS OF NEARLY $3B
  • VALUE-ADD VIA STREAMLINING OPERATIONS AND RENOVATIONS
  • STRONG TENANT DEMAND & RENT GROWTH AT 4.3%
  • 10+ COLLEGES & UNIVERSITIES | NUMEROUS FORTUNE 500 EMPLOYERS

EXECUTIVE SUMMARY

Brookhaven (3900 N. Shadeland) is located in the Devington / Lawrence submarket of Indianapolis. The area offers strong cash flow opportunities driven by consistent rental demand and a growing tenant base due to the increase in employment in the area. Ongoing development and infrastructure improvements have lead to consisten property value increases, like the newly opened IndyGo Purple Line Bus Stop right outside Brookhaven. Brookhaven offers a balanced mix of affordability and appreciation potential for multifamily investment in Indianapolis.
The Star (3736 N. Meridian) and Park Way (3707-3715 N. Meridian) are located in the Crown Hill submarket of Indianapolis, offering 39 units along the IndyGo Red Line Bus Route. Crown Hill has seen steady rent growth and increasing demand driven by affordable housing alternatives for young professionals in a premier location. Crown Hill's historic charm and proximity to tenant amenities make it an attractive option for strong rent growth and stable occupancy rates. Investors can expect consistent cash flow and solid returns, alongside increasing property values and ongoing revitalization, multifamily assets in the area present strong appreciation potential and a competitive yield.
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Regionally within a 30-minute radius tenants of all communities can visit Indianapolis International Airport, Downtown Indy, Lucas Oil Stadium (Colts), Gainbridge Fieldhouse (Pacers), Indianapolis Motor Speedway, and the Indianapolis Zoo. Entertainment is endless with museums, state and local parks, restaurants, shopping, and more. Each community has direct access to IndyGo's Bus Route for ease of transportation throughout the city.
The opportunities offer investors the ability to acquire scale within a leading Midwest market, while leaving several options for continued value creation in operations and addition of tasteful amenities to the communities.

PROPERTY FACTS

Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 134,253 SF
Total Land Area 6.26 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
The Star
3736 N Meridian St, Indianapolis, IN 46208
Multifamily 11,253 SF 1920 -
Park Way
3707 N Meridian St, Indianapolis, IN 46208
Multifamily 23,000 SF 1919 -
Brookhaven
3900 N Shadeland Ave, Indianapolis, IN 46226
Multifamily 100,000 SF 1968 -
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  • Listing ID: 35163004

  • Date on Market: 3/17/2025

  • Last Updated:

  • Address: Indianapolis Portfolio, Indianapolis, IN