Overview
| Units | 296 |
| Year Built | 2022 |
| Occupancy | 96% |
| Building Size | 302,680 SF |
| Average Unit Size | 1,023 SF |
| Parking Ratio | 1.72 / Unit |
| Cap Rate | 5.25% |
| Price | Confidential |
| Market | Indianapolis MSA |
Photos
Highlights
Riverpoint Apartments is a 296-unit Class A multifamily community offering investors the opportunity to acquire a modern, highly amenitized asset within one of Indianapolis’ most dynamic urban residential corridors. The property features thoughtfully designed apartment homes, premium interior finishes, expansive resident amenities, and professionally landscaped outdoor gathering spaces. Strong occupancy, continued renter demand, and proximity to major employment centers support a durable income profile, while the property’s contemporary construction and institutional-quality design position it for long-term appreciation within the growing Indianapolis metropolitan market.
Investment Highlights
- Institutional-Quality Class A Multifamily Asset
- Strong and Consistent Resident Demand
- Stabilized In-Place Cash Flow
- Attractive Long-Term Rent Growth Potential
- Modern Construction with Limited Near-Term Capital Needs
- Highly Amenitized Competitive Position
- Central Indianapolis Infill Location
- Compelling Long-Term Appreciation Potential
Property Highlights
- 296 Contemporary Apartment Homes
- Built in 2022
- Resort-Style Outdoor Courtyard
- Resident Club Lounge and Co-Working Space
- State-of-the-Art Fitness Center
- Modern Open-Concept Floor Plans
- Quartz Countertops and Stainless Steel Appliances
- Premium Landscaping and Outdoor Gathering Areas
Location Highlights
- Minutes from Downtown Indianapolis
- Convenient Access to I-65 and I-70
- Near Major Medical and Employment Centers
- Strong Population and Renter Growth
- Excellent Dining, Retail, and Entertainment Access
- Central Indianapolis Infill Location
- Expanding Professional and Technology Employment Base
- Strong Long-Term Multifamily Fundamentals
Location
Riverpoint Apartments is positioned within a rapidly evolving Indianapolis residential corridor that combines immediate access to downtown employment, regional transportation, neighborhood retail, dining, recreation, and major cultural destinations. The property benefits from a central location near the city's expanding medical, technology, education, and professional-services employment base while offering residents a modern, amenity-rich living environment. Continued investment throughout the surrounding district supports durable rental demand, long-term appreciation, and strong institutional ownership potential.
- Minutes from Downtown Indianapolis
- Convenient access to I-65 and I-70
- Near major medical and employment centers
- Strong population and renter growth
- Excellent dining, retail, and entertainment access
- Central Indianapolis infill location
More Than a Brokerage Firm, We’re Your Strategic Advisor.
At Greysteel, we move beyond the traditional brokerage model. We function as a true partner, offering comprehensive real estate investment services that align with your strategic objectives. Our focus is on building long-term relationships and delivering results that empower your success in a dynamic market.
