5241 Boy Scout Rd 5241 Boy Scout Rd 12 Unit Apartment Building $2,670,271 CAD ($222,523 CAD/Unit) 6.21% Cap Rate Indianapolis, IN 46226

Fully Leased 12-Unit Brick Townhome Complex in Lawrence Township Rare Investment Opportunity
Introducing 5241 Boy Scout Road, Indianapolis,a solid and well-maintained 12 unit brick multi-family property ideally located in desirable Lawrence Township, one of Indianapolis' most stable rental markets. This unique investment features 11 spacious 2-bedroom, 1.5 bath townhome-style units and 1 oversized 4-bedroom, 2.5-bath end unit complete with a private deck—perfect for an on-site manager or premium rental offering.
All units feature private entrances and multi-level living, which renters love for privacy and livability. The larger unit’s added space and outdoor deck offer flexibility for a high-income rental or on-site management.
Amenities and Highlights:
Located in Lawrence Township, known for strong schools, parks, and community stability
13 covered carport spaces plus additional surface parking
Quiet, residential street with excellent access to shopping, dining, and public transportation
Close proximity to Fort Harrison State Park, walking trails, and golf
Professionally managed with long-term tenants in place
Solid brick construction for low maintenance
This property is a rare find, fully leased, income-producing, and poised for long-term appreciation in a growing area of Indianapolis. Whether you're looking to expand your multi-family portfolio or secure a stable asset in a high-demand area, this property delivers.