Off Market – Multifamily: Indianapolis, Indiana

Indianapolis, IN.

400 units in Indianapolis, Indiana.
1960s vintage, ownership has invested about $9M of recent capex.
The asset contains 1BR, 2BR, and 3BR apartments
Current occupancy sits at 95%.

• Total Population (3-Mile Radius): 98,368
• Median HH Income (3-Mile Radius): $52,384
• Population Growth ’24-’29 (3-Mile Radius): -1.75%
• Submarket Avg. Vacancy Rate (2-4 Star): 8.4% (0.6% YOY Change)
• Submarket Rent Per Unit (1-3 Star): $1,531