Investment Overview

Marcus & Millichap is pleased to present the Aerie Apartments, a two property portfolio located in the growing Irvington submarket of Indianapolis. 6220 E 11th St is comprised of 31, two-bed/one-bath units and two three-bed units. 5824 E Washington St is comprised of 30 units, all studios. Irvington, the largest protected historic neighborhood in Indianapolis, boasts a median household income of ~$75k , significantly higher than the median household income of Marion County (~$43k). Accoridng to the Indianapolis Business Journal, nearly three dozen new businesses moved into the Irvington market over the last few years. Various new redevelopments, including the Coal Factory redevelopment and the Irvington Plaza redevelopment, continues to reshape this neighborhood for years to come.