Richmond Apartments with Loft
401 N 10th St Richmond, IN 47374
401 N 10th St, Richmond, IN, 47374
$4,355,000
For Sale
$4,355,000
67-unit apartment community with unique floor plans and modern finishes.
Days on Market63
Property Features for 401 N 10th St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Indianapolis Office
(317) 218-5355
Listed by
Tony Rogers · License #License(s): IN: RB18001301
(317) 218-5355
Source
Marcusmillichap
Added: May 21 Updated: Jul 10 at 1:32PM Checked: Jul 22 at 10:53AM
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Investment Insights
Based on property information with market context.
Atlas Apartments, a 67-unit apartment community, is located in Richmond, Indiana. Originally constructed in 1910, the property was fully renovated in 2000. The apartments stand out from other properties in the market due to their unique floor plans, 12-foot ceiling loft-style units, and modern finishes with classic charm. Tenant accommodations include on-site laundry facilities, a courtyard, a study lounge, and controlled building access. The property has undergone significant upgrades, including Pex and PVC plumbing, a new TPO rubber membrane roof in 2023, electrical wiring upgraded to copper, and double pane Low-E vinyl frame windows. The property benefits from immediate access to Hwy I-70, providing a commute of less than 1 hour to Indianapolis and Dayton, Ohio. Wayne County’s regional connectivity makes it a hub for logistics, manufacturing, and cross-state workforce migration. The Reid Healthcare system is the dominant employer in the region, employing nearly 3,000 residents, while other major employers are primarily in the manufacturing business. Market vacancy is at 4.4 percent and year-over-year Q1 2026 market rent growth at 4.2 percent. Forecasted year-over-year rent growth for Q2 2026 is projected at 4.8 percent.
Key Highlights
- Completely renovated in 2000, mitigating near‑term capital improvement risks.
- New TPO rubber membrane roof installed in 2023, Pex/PVC plumbing, upgraded copper electrical wiring, and double pane Low‑E vinyl windows.
- Unique floor plans with 12‑foot ceiling loft‑style units and modern finishes with classic charm.
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Richmond Atlas Apartments
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FAQs
What type of property is this?
Apartment building - 67-unit apartment community with unique floor plans and modern finishes.
Where is this apartment building located?
The property is located at 401 N 10th St Richmond, IN.
What is the asking price?
The asking price for this property is $4,355,000.
What are key features of this property?
This property features: Completely renovated in 2000, mitigating near‑term capital improvement risks.; **New TPO rubber membrane roof installed in 2023**, Pex/PVC plumbing, upgraded copper electrical wiring, and double pane Low‑E vinyl windows.; **Unique floor plans with 12‑foot ceiling loft‑style units and modern finishes with classic charm.**
