Contacts

Bryce Wetzel

Tyler Hague

Bryan McCann

Lauren Stoliar

Property Details

Property Type Other
Property Size 1,562 SF
Date Updated Mar 29, 2025

Colliers is pleased to present the opportunity to acquire 120 units over 119 properties spread across several desirable neighborhoods in Indianapolis. This portfolio is comprised of 118 single-family rental homes and one duplex, offering investors immediate scale in a high-barrier-to-entry market.

Historically, the portfolio has maintained occupancy levels above 95%, though it currently sits at 79% due to strategic vacancies created to facilitate renovations and enhance long-term value. The current owners have kept the portfolio well-maintained and many of the properties have undergone significant renovations in recent years. With current rents well below market, mostly attributed to long-term tenants, new ownership has a clear path to increasing income through rent adjustments.

Beyond the immediate rent upside, this portfolio offers investors multiple exit strategies, including continued operation as a stabilized rental portfolio or the ability to sell renovated homes individually at a premium. The combination of a desirable market, significant capital improvements, and a proven track record of strong occupancy positions this portfolio as a compelling investment in one of the Midwest’s most dynamic rental markets.

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Getting around

98/100
Walk Score ®
65/100
Transit Score ®
99/100
Bike Score ®

City Indianapolis, IN
Neighborhood North Meridian
Market Indianapolis

Points of Interest

ChargePoint

0.18 miles
Tesla Supercharger

0.31 miles
Marathon

0.43 miles
BP

0.47 miles
Speedway

0.77 miles
Phillips 66

1.27 miles
Tesla Destination Charger

1.77 miles
Electrify America

6.17 miles

City Park

0.18 miles
301 North Illinois Street

0.19 miles
North Capitol Surface Lot

0.27 miles
The Savoy

0.28 miles
Pulliam Garage

0.28 miles
Plaza Garage

0.30 miles
World of Wonders Garage

0.33 miles
Senate Avenue Parking Facility

0.34 miles
429 Penn Parking

0.35 miles
Virginia Avenue Garage

0.37 miles

Sheraton Indianapolis City Centre Hotel

0.05 miles
Hilton Garden Inn Indianapolis Downtown

0.07 miles
Home2 Suites

0.11 miles
Conrad Indianapolis

0.13 miles
Hilton Indianapolis Hotel & Suites

0.13 miles
Embassy Suites by Hilton Indianapolis - Downtown

0.16 miles
Hotel Indy, Indianapolis, A Tribute Portfolio Hotel

0.24 miles
Hyatt Regency Indianapolis

0.24 miles
Hampton Inn Indianapolis Downtown Across from Circle Centre

0.26 miles
Le Meridien Indianapolis

0.29 miles

TJ Maxx

0.13 miles
Carson's

0.17 miles
Circle Center Mall

0.23 miles
Whole Foods Market

0.33 miles
Needler's Fresh Market

0.39 miles
Kroger

0.41 miles
Dollar General Market

0.57 miles
Angelo's Food Market

0.77 miles
Trans-Plants

1.37 miles
Village Food Mart

1.43 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.

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Indianapolis Single Family Rental Portfolio