[2024] Indianapolis, Multi-Family 4-Plex (2) | 3909 Winthrop Ave
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[2024] Indianapolis, Multi-Family 4-Plex (2) 3909 Winthrop Ave
8 Unit Apartment Building $1,824,000 ($228,000/Unit) 7% Cap Rate Indianapolis, IN 46205
Investment Highlights
- Adjacent to Monon Walking Trail.
- 5% annual appreciation potential in a thriving Indianapolis market.
- Paradigm Construction & Development is just a 15-minute drive from each of the properties, ensuring timely support and a close hands-on approach
- Constructed with top-tier materials for long-term durability and low maintenance.
- Ready-to-go asset with professional management options.
Executive Summary
3903 & 3909 Winthrop Ave – Brand-New 8-Unit Multifamily Investment Opportunity
Turnkey investment opportunity featuring two newly constructed 4-plexes. Ideal for strategic investors seeking strong cash flow and modern, low-maintenance design.
Key Highlights:
Estimated Rental Income: $15,200/month
Cap Rate: 7%
NOI: $127,680 annually
Market Value: $2,000,000
Built with premium materials, including LP Smart Siding, for long-term durability and minimal upkeep. Completed on budget in just 8 months, this complex is a proven performer in today’s market.
Contact us today to secure this exceptional multifamily asset!
3909 Winthrop Ave's State Parcel #: 49-06-13-138-027.000-801
3903 Winthrop Ave's State Parcel #: 49-06-13-138-028.000-801
Turnkey investment opportunity featuring two newly constructed 4-plexes. Ideal for strategic investors seeking strong cash flow and modern, low-maintenance design.
Key Highlights:
Estimated Rental Income: $15,200/month
Cap Rate: 7%
NOI: $127,680 annually
Market Value: $2,000,000
Built with premium materials, including LP Smart Siding, for long-term durability and minimal upkeep. Completed on budget in just 8 months, this complex is a proven performer in today’s market.
Contact us today to secure this exceptional multifamily asset!
3909 Winthrop Ave's State Parcel #: 49-06-13-138-027.000-801
3903 Winthrop Ave's State Parcel #: 49-06-13-138-028.000-801
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,824,000 | Property Subtype | Apartment |
| Price Per Unit | $228,000 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 7% | Lot Size | 0.27 AC |
| Gross Rent Multiplier | 10 | Building Size | 7,728 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Price | $1,824,000 |
| Price Per Unit | $228,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Gross Rent Multiplier | 10 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 7,728 SF |
| No. Stories | 2 |
| Year Built | 2024 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Double Pane Windows
- Lawn
- Linen Closet
- Pantry
- Porch
- Vinyl Flooring
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 8 | $1,900 | 931 |
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Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 49-06-13-138-027.000-801 | Total Assessment | $17,800 (2023) |
| Land Assessment | $17,800 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
49-06-13-138-027.000-801
Land Assessment
$17,800 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$17,800 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | D8 (The D-8 zoning district is intended to accommodate a variety a variety of housing formats, including Multi-Unit Homes.) |
| D8 (The D-8 zoning district is intended to accommodate a variety a variety of housing formats, including Multi-Unit Homes.) |
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[2024] Indianapolis, Multi-Family 4-Plex (2) | 3909 Winthrop Ave
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