Investment Overview

Marcus & Millichap is pleased to present Lincoln Park Apartments a 12-unit multifamily property located in the fast-growing suburb of Noblesville, Indiana, averaging nearly 6% Y-o-Y growth over the past two decades. Originally built in 1965 and fully renovated in 2021, the asset features strong in-place income and operational stability, offering investors a turn-key acquisition with immediate cash flow. The property is offered free and clear of existing debt and presents a rare opportunity to acquire a small multifamily property within Hamilton County. LOCATION Noblesville is a suburb of Indianapolis located within Hamilton County—Indiana’s most affluent and fastest-growing county—with median household incomes exceeding $95,000. The property is located within minutes of the $36 million Riverview Health expansion, Innovation Mile tech corridor, and the $1.5 billion Saxony Corporate Campus, all of which are driving long-term employment, over 6,000 jobs to be created. This influx in labor demand is expected to outpace Indiana and national employment trends. OPPORTUNITY The property’s excellent location is coupled with being in great condition. Significant recent capital investment has taken place, including: -New roof in 2023 -92% of units have interiors renovated -Each stairwell renovated with new stair treads, flooring, lighting, & paint Lincoln Park Apartments offers the prospective investor the opportunity to acquire a stabilized, turn-key asset in Indiana’s #1 County. In-place rents are $100- $125/month below market averages, indicating immediately available rental upside. The combination of a filling a limited direct competition, the affluent tenant base, and local economic momentum positions Lincoln Park Apartments as a low-risk, high-potential acquisition in the Indianapolis MSA.