Investment Overview

Marcus & Millichap is pleased to present Anthrop Pointe Apartments, a 20-unit, 76-bed student housing community located in West Lafayette, Indiana. The property offers an opportunity to acquire a well-maintained asset serving Purdue University students — one of the largest and fastest-growing student populations in the Midwest. The unit mix is ideally suited for student living, consisting of 4 three-bedroom units and 16 four-bedroom units. Purdue University’s record-breaking enrollment growth has fueled demand for well-managed student housing, particularly high-bed-count units like those offered at Anthrop Pointe. The university now exceeds 55,000 total students, including over 37,000 undergraduates — the majority of whom live off campus. Anthrop Pointe benefits from an affordability advantage, appealing to budget-conscious students seeking four-bedroom layouts with individual lease options. Current Ownership furnished One(1) 4 Bedroom unit and realized ~$400($100/bed) furnished premium. This demonstrates a clear value-add opportunity for new ownership to implement furnishing across additional units. The property presents an efficient, cash-flowing investment with clear value-add potential. By furnishing the units, ownership can capture an estimated premium of ~$400/unit per month. Backed by Purdue’s continued enrollment growth and strong off-campus housing demand, Anthrop Pointe offers stable in-place income with upside. Priced below replacement cost, the asset provides an attractive entry point into a high-performing Big Ten university market.