2959 Ruckle St - Apartments FOR SALE


Indianapolis, IN 46205- Mapleton Fall Creek
$1,920,000 USD
463-273-0801
2959 Ruckle St, Indianapolis, IN for Sale
$1,920,000 USD
Apartments - FOR SALE
1/9
null | 6.98% Cap Rate

2959 Ruckle St
Indianapolis, IN 46205
Mapleton Fall Creek


HIGHLIGHTS

  • Shovel-ready by April – Accelerate your investment timeline.
  • Proximity to downtown & transit – Ensuring strong tenant demand.
  • Expertly developed & constructed by a local team – Direct oversight for quality execution.
  • Scalable investment – One of many multi-family developments in our pipeline.

OVERVIEW

Cornerstone 30 is a rare opportunity to own a brand-new, shovel-ready 8-unit apartment complex in the heart of Midtown Indianapolis. Nestled in the highly desirable Mapleton-Fall Creek neighborhood, this prime corner property is just minutes north of the new IU Health Hospital campus, making it an exceptional investment for any savvy investor. With proximity to downtown Indianapolis and the booming healthcare district, this development is perfectly positioned to attract medical professionals, hospital techs, nurses, and doctors seeking high-quality housing near their workplaces. The demand for modern, well-located housing in this area is only growing, ensuring strong rental potential and long-term value. Key Highlights: - Rare 8-unit multi-family in a sought-after location - Shovel-ready by April – Get started without delays! - Minutes from IU Health’s new hospital campus, Marian University, Ivy Tech, Butler University and Indiana University Indianapolis - Surrounded by a high concentration of medical professionals and young professionals - Excellent access to downtown Indy, major employers, and transit routes - High rental demand in a thriving, revitalizing neighborhood Whether you're a seasoned investor or new to multifamily development, Cornerstone 30 is a turnkey investment opportunity in one of Indy’s most promising growth corridors. Don't miss your chance to capitalize on this high-demand housing market!

FOR SALE DETAILS

PRICE

$1,920,000 USD

PRICE/SF

$239 USD /SF

# OF UNITS

8

PRICE/UNIT

$240,000

CAP RATE

6.98%

% LEASED

0%

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cornerstone 30 | 8-Unit Apartment Complex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,637 SF

ZONING

D8

APN/PARCEL ID

49-06-25-169-065.000-101,49-06-25-169-066.000-101

ASK ABOUT THIS PROPERTY

Josh HodgensParadigm Construction & Development, LLCMore Info
463-273-0801

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Josh HodgensParadigm Construction & Development, LLCMore Info
463-273-0801

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