Indianapolis Portfolio

3707 North Meridian Street, Indianapolis, IN 46208

  • For Sale Subject To Offer
  • Property Type Multi-Family
  • Property Size 31,675 SF
  • Units 139
  • Year Renovated 2023
  • Date Updated Mar 18, 2025
BROOKHAVEN | 100 UNITS | DEVINGTON Complete Renovation in 2023 North-East Indianapolis submarket Access to the IndyGo Purple Line Bus Route Ideal Unit Mix with Varying Floor Plans & Sizes Add a grilldeck, playground, and outdoor spaces MERIDIAN PAIR | 39 UNITS | CROWN HILL Value-add via Operations & Renovations Ideal Unit Mix & Large Floor Plans Access to the IndyGo Red Line Bus Route On Path of Progress to & from Downtown Indy High Demand SubmarketBrookhaven (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. _____________________________________________________________________________________________________ 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.
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Highlights

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

Contacts

broker

Kiser Group

Location

Getting Around

  • Walk Score ®

    70/100 Somewhat Walkable
  • Transit Score ®

    48/100 Some Transit
  • Bike Score ®

    63/100 Bikeable
Powered by Walk Score ®
  • City Indianapolis, IN
  • Neighborhood Mapleton - Fall Creek
  • Zip Code 46208
  • Market Indianapolis

Points of Interest

  • BP

    0.19 miles

  • Shell

    0.33 miles

  • Phillips 66

    0.45 miles

  • Mobil

    0.68 miles

  • Marathon

    1.03 miles

  • Citgo

    2.05 miles

  • Tesla Destination Charger

    3.01 miles

  • ChargePoint

    3.57 miles

  • Tesla Supercharger

    3.95 miles

  • eVgo

    6.86 miles

  • Childrens Museum Parking Garage

    0.80 miles

  • Julia M. Carson Learning Resource Center & Parking Garage

    1.14 miles

  • Circle City Residential Parking

    2.65 miles

  • Indy Flats Residential Parking

    2.70 miles

  • Lockefield Parking Garage

    3.24 miles

  • Parking Lot 92

    3.25 miles

  • Broad Ripple Garage

    3.27 miles

  • Parking Lot 69

    3.29 miles

  • Gateway Parking Garage

    3.32 miles

  • Parking Lot 73

    3.33 miles

  • Marblehead

    0.45 miles

  • Indy Hostel

    1.63 miles

  • Bottleworks Hotel

    3.04 miles

  • Nestle Inn

    3.21 miles

  • Mayfair Motel

    3.25 miles

  • Candlewood Suites Indianapolis Downtown Medical Dist

    3.26 miles

  • Gateway Motel

    3.28 miles

  • Homewood Suites by Hilton Indianapolis Downtown IUPUI

    3.43 miles

  • Hampton Inn Indianapolis Downtown IUPUI

    3.45 miles

  • Oakwood at Canal Square

    3.51 miles

  • China King II

    0.15 miles

  • Big City Grill & Lemonade

    0.15 miles

  • McDonald's

    0.17 miles

  • Subway

    0.27 miles

  • Captain Jay's Fish & Chicken

    0.30 miles

  • Domino's

    0.41 miles

  • Rally's

    0.65 miles

  • Pa & Ma's Backyard BBQ

    0.67 miles

  • Taqueria La Chela

    0.70 miles

  • Hoagies and Hops Butler-Tarkington

    0.77 miles

  • Shortridge High School

    0.30 miles

  • William A Bell Elementary School 60

    0.43 miles

  • Louis B. Russell Jr. School #48

    0.45 miles

  • James Whitcomb Riley School #43

    0.51 miles

  • St. Richard's Episcopal School

    0.53 miles

  • Saint Joan of Arc School

    0.82 miles

  • Saint Thomas Aquinas School

    1.23 miles

  • Ivy Tech Community College

    1.23 miles

  • Center For Inquiry School #70

    1.28 miles

  • Fall Creek Academy

    1.32 miles

  • Reach to Teach Daycare

    0.22 miles

  • Day Early Learning Lilly Family Center

    0.36 miles

  • Decision Childcare Ministries

    0.36 miles

  • Alphabet Angels CCM

    0.57 miles

  • God's Angels Childcare

    0.76 miles

  • St. Joan of Arc Early Learning Center

    0.85 miles

  • Sunrise Christian Academy Daycare and Preschool

    1.39 miles

  • Tyler's Journey Childcare Ministry

    1.53 miles

  • Kiddie Kollege

    2.92 miles

  • St. Mary's Child Center

    3.00 miles

Frequently Asked Questions

How much does Indianapolis Portfolio cost?

The sale price for Indianapolis Portfolio is available upon request. Contact the listing broker for more information.

What is the total square footage of Indianapolis Portfolio?

Indianapolis Portfolio totals 31,675 square feet.

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Contact Listing Broker
broker

Kiser Group

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