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The Roselyn Apartments 3821 Central Ave 15 Unit Apartment Building For Sale Indianapolis, IN 46205

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INVESTMENT HIGHLIGHTS

  • Recently Renovated Units
  • Stainless Steel Appliances
  • Spacious Floorplans
  • Elevated Culinary Experience Kitchens
  • Quarts Countertops
  • In-Unit Washer/Dryers

EXECUTIVE SUMMARY

The Roselyn is an all brick, 15-unit, multifamily property located on the city’s north side at 506 E. 38th Street and 3821 Central Avenue, Indianapolis, Indiana 46205. Built in 2000 and renovated in 2024, the property encompasses 0.59± acres and consists of two, three-story, residential buildings with 12,151 rentable square feet.
The unit mix consists of five (5) two-bedroom / one-bathroom flats and ten (10) two-bedroom / one-bathroom townhomes. All units are total electric and each has its own water heater.
All units have been recently remodeled and amenities include a well equipped kitchen with new stainless steel appliances, quartz countertops, dishwasher, air conditioning, new flooring, and a full-size washer and dryer. In addition, the townhomes have extra storage space.

PROPERTY FACTS Under Contract

Sale Type Investment
No. Units 15
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.59 AC
Building Size 14,500 SF
No. Stories 3
Year Built 2000
Parking Ratio 1.17/1,000 SF
Zoning D10

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Carpet
  • Patio
  • Wheelchair Accessible (Rooms)

SITE AMENITIES

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Recycling
  • Trash Pickup - Curbside
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 15 - 810

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 49-06-13-125-189.000-801
  • 49-06-13-125-138.000-801
Land Assessment
$95,606 CAD
Improvements Assessment
$1,144,319 CAD
Total Assessment
$1,239,925 CAD
  • Listing ID: 37141757

  • Date on Market: 2025-08-06

  • Last Updated:

  • Address: 3821 Central Ave, Indianapolis, IN 46205

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