610 W Poplar St - Apartments FOR SALE


Zionsville, IN 46077
$2,095,000 USD
513-886-1001
610 W Poplar St, Zionsville, IN for Sale
$2,095,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

610 W Poplar St
Zionsville, IN 46077


OVERVIEW

Rare Downtown Zionsville 20-Unit Opportunity! Incredible value-add apartment building in the heart of Zionsville — a community known for its charm, top-ranked schools, and strong job and population growth. This well-located property features 16 one-bedroom and 4 two-bedroom units with 40% already renovated, leaving plenty of upside for the next owner. Current rents average just $800, with market potential of $1,250–$1,375+. Tenants pay their own electric and heat, making for low owner expenses. The property sits on a large lot with ample parking, and the building itself is low-maintenance and easy to manage. At just over $100k per door, this is an exceptional chance to acquire a rare downtown Zionsville multifamily property with strong fundamentals and even stronger future upside.

FOR SALE DETAILS

PRICE

$2,095,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

20

PRICE/UNIT

$104,750

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walnut Hills House

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

ZO01

APN/PARCEL ID

06-04-02-000-114.000-006

ASK ABOUT THIS PROPERTY

Mitch PainterPrestige PropertiesMore Info
513-886-1001

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Mitch PainterPrestige PropertiesMore Info
513-886-1001

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