317-756-9895
317 E 38th St, Indianapolis, IN for Sale
Apartments - FOR SALE
1/22
null | Request Cap Rate

317 E 38th St
Indianapolis, IN 46205
Mapleton Fall Creek


HIGHLIGHTS

  • The property consists of 16 one-bedroom, one-bathroom apartment units within a single building.
  • All apartment units are separately metered for electricity and include individual furnaces.
  • The asset is located within the established Mapleton-Fall Creek neighborhood on Indianapolis' Northside.
  • Residents benefit from proximity to Downtown Indianapolis, the Monon Trail, and The Children's Museum of Indianapolis.
  • The property occupies approximately 0.49 acres and was originally constructed in 1923.
  • A consistent unit mix supports operational efficiency and simplified property management.

OVERVIEW

XMark Midwest is pleased to offer The Ritz Apartments, a 16-unit apartment community located on the city’s Northside at 317 E. 38th St.,Indianapolis, IN 46205. Built in 1923, the property encompasses 0.49± acres and consists of one two-story building with 11,568 rentable square feet. The property consists of 16 spacious one bedroom/ one-bathroom units. All units are separately metered for electric with individual furnaces. Mapleton-Fall Creek is a historic, diverse Northside Indianapolis neighborhood bordered by 38th Street, Fall Creek Parkway, and Meridian Street. Known for it’s early 20th-century Tudor and Colonial Revival homes, the area offers a central location, strong community, and proximity to the Children’s Museum of Indianapolis, the Monon Trail, and downtown.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

16

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Ritz

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,475 SF

ZONING

ZO01

APN/PARCEL ID

49-06-24-133-021.000-101

ASK ABOUT THIS PROPERTY

Michael WernkeXMark MidwestMore Info
317-756-9895

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Michael WernkeXMark MidwestMore Info
317-756-9895

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