Townhouse Apartment
For Sale
Contact for pricing
1200 N Quarry Rd, Marion, IN 46952
Three-level townhouses with private patios and in-unit washer/dryer hookups, plus reserved front parking.
Property SizeContact for details
Days on Market121
Property Features for 1200 N Quarry Rd
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Global Real Estate Advisors (GREA)
Listed By:
Cary Belovicz · License #MI 6502406329
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 9:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Global Real Estate Advisors (GREA)
Investment Insights
Based on property information with market context.
Highland North Townhouses is an apartment community originally constructed in 1968 and reported to be in outstanding condition. The property features 27 townhouses, each with three levels and in-unit appliance package including a refrigerator, range, and dishwasher. Washer and dryer hookups are provided in each unit, and every unit includes a private patio and two reserved parking spots in front of the unit. The offering also notes the opportunity to build an additional 27 townhouses.
Additional income potential is described through carport rental. The current owner has a utility billing system in place covering most utility costs. Highland North Townhouses are located about 1 mile from Park Forest Apartments, a separate 64-unit opportunity.
The combination of existing townhouse units, parking and patio amenities, and the stated expansion opportunity and utility billing setup make this property well suited for buyers evaluating a straightforward multifamily income profile with development upside as presented in the offering materials.
Additional income potential is described through carport rental. The current owner has a utility billing system in place covering most utility costs. Highland North Townhouses are located about 1 mile from Park Forest Apartments, a separate 64-unit opportunity.
The combination of existing townhouse units, parking and patio amenities, and the stated expansion opportunity and utility billing setup make this property well suited for buyers evaluating a straightforward multifamily income profile with development upside as presented in the offering materials.
Key Highlights
- (27) 1,500 SF, three‑level townhouses in Highland North, originally constructed in 1968
- Opportunity to build an additional 27 townhouses
- Each unit includes kitchen appliances (refrigerator, range, dishwasher) plus washer/dryer hookups
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Explore this area
Business Placement
Demographics for 46952, IN
18,996
Population
8,832
Households
2.2
Avg Household Size
46
Median Age
25%
College-Educated
89%
High-School Grad
105.5 sq mi
ZIP Area
180
Density / Sq Mi
$53,481
Median Household Income
$39,246
Median Earnings
$785
Median Rent
$129,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-level townhouses with private patios and in-unit washer/dryer hookups, plus reserved front parking.
Where is this apartment building located?
The property is located at 1200 N Quarry Rd Marion, IN.
What are key features of this property?
This property features: (27) 1,500 SF, three‑level townhouses in Highland North, originally constructed in 1968; Opportunity to build an additional 27 townhouses; Each unit includes kitchen appliances (refrigerator, range, dishwasher) plus washer/dryer hookups
