118 E Palmer St Indianapolis, IN 46225

Listing agency Indianapolis Office a***@marcusmillichap.com Show Phone

Listed by Aaron Kuroiwa · License #IN: RB17000780 Show Phone

Source Marcusmillichap

Added: Apr 3 Updated: Jul 20 at 5:12PM Checked: Jul 22 at 2:10AM

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Investment Insights

Based on property information with market context.

Volrath Apartments is a 1925, two-story brick mixed-use building containing 21 residential units and one commercial space within a single structure. The property is presented as a diversified income asset, with residential rents averaging approximately $783 per unit per the offering materials.

Located just east of the Central Business District in downtown Indianapolis, the building is positioned for easy access to downtown employment and nearby entertainment and cultural destinations. The remarks cite proximity to Lucas Oil Stadium, the Indiana Convention Center, and the Wholesale District, while the property remains embedded within a residential corridor.

Key Highlights

• 22‑unit mixed‑use property at 118 Palmer Street: 21 residential units plus 1 commercial space
• Single two‑story brick building constructed in 1925
• In‑place average residential rent is approximately $783 per unit

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FAQs

What type of property is this?

Apartment building - 1925 brick building with 21 residential units and one commercial space in a single two-story structure.

Where is this apartment building located?

The property is located at 118 E Palmer St Indianapolis, IN.

What are key features of this property?

This property features: 22‑unit mixed‑use property at 118 Palmer Street: 21 residential units plus 1 commercial space; Single two‑story brick building constructed in 1925; In‑place average residential rent is approximately $783 per unit