Indianapolis Portfolio

For Sale

3707 North Meridian Street, Indianapolis, IN 46208

This Indianapolis property for sale is located at 3707 North Meridian Street. Contact the listing broker for details on the current sale price for Indianapolis Portfolio.

Contacts

broker
Kyle Sissell

Kiser Group

Property Details

  • 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

Getting around

  • 70/100

    Walk Score ®

  • 48/100

    Transit Score ®

  • 63/100

    Bike Score ®

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Location

  • 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

  • Cleo's Bodega Grocery & Cafe

    1.62 miles

  • The Fresh Market

    2.10 miles

  • Locally Grown Gardens

    2.18 miles

  • Nicole Taylor's Pasta Market

    2.20 miles

  • Safeway

    2.22 miles

  • Kroger

    2.34 miles

  • ALDI

    2.61 miles

  • Meijer

    2.75 miles

  • KB International Inc

    2.77 miles

  • Walmart Neighborhood Market

    2.88 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Kyle Sissell

Kiser Group

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