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The Ritz 317 E 38th St 16 Unit Apartment Building For Sale Indianapolis, IN 46205
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 16 | Lot Size | 0.49 AC |
| Property Type | Multifamily | Building Size | 17,516 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Zoning | ZO01 | ||
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 17,516 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | ZO01 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 612 - 818 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-06-24-133-021.000-101 | Improvements Assessment | $469,089 CAD |
| Land Assessment | $293,146 CAD | Total Assessment | $762,235 CAD |
Property Taxes
Parcel Number
49-06-24-133-021.000-101
Land Assessment
$293,146 CAD
Improvements Assessment
$469,089 CAD
Total Assessment
$762,235 CAD
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The Ritz | 317 E 38th St
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