12-Unit Apartment Complex - Multi-Family FOR SALE


Indianapolis, IN 46226- Devington
$1,950,000 USD
317-440-2149
12-Unit Apartment Complex, Indianapolis, IN for Sale
$1,950,000 USD
Multi-Family - FOR SALE
1/6
null | 6.21% Cap Rate

12-Unit Apartment Complex
Indianapolis, IN 46226
Devington


HIGHLIGHTS

  • Two buildings with a large courtyard
  • 13 carports along with maintenance and tenant parking between the properties
  • Property is located on over 3 acres of land

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$254 USD /SF

# OF UNITS

12

PRICE/UNIT

$162,500

CAP RATE

6.21%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5241 Boy Scout Rd

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

13

LAND DETAILS

LAND ACRES

3.38 AC

LAND SF

147,202 SF

ZONING

Multifamily

APN/PARCEL ID

49-07-14-119-001.000-401

ASK ABOUT THIS PROPERTY

Charlene GaardNo Limit Real EstateMore Info
317-440-2149

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Charlene GaardNo Limit Real EstateMore Info
317-440-2149

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.