Nine-Story Apartment
For Sale
Contact for pricing
3470 N Meridian St, Indianapolis, IN 46208
Nine-story, brick high-rise apartment building with rooftop decks and 100 units, including studio and one-bedroom layouts.
Property Size59,048 SF
Lot Size0.74 Acres
Days on Market133
Property Features for 3470 N Meridian St
General Information
Standard status
Active
Size
59,048 SF
Lot size
0.74 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
100
Amenities
private rooftop deck
common area rooftop deck
Building Details
Year Built
1951
Stories
9
Listing Agency:
Bradley Company Indianapolis
Listed By:
Michael B. Drew · License #IN RB14004113
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 22 at 3:58AM
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 Bradley Company Indianapolis
Investment Insights
Based on property information with market context.
The Grand Meridian Apartments is a nine-story high-rise apartment building offering 100 total units, including 29 one-bedroom units and 69 studios. One studio and one one-bedroom unit are currently used as a management and leasing office. The building features a brick exterior with mostly concrete and steel construction, and it includes a private rooftop deck on the 9th floor plus an additional rooftop deck unit that could serve as a common area deck. The property has been vacant for several years and requires a total renovation.
The building is located on the north side of Indianapolis on the New Red Line mass transit route. The site is 0.744 +/- acres. Plans call for 52 on-site parking spaces, and free street parking is available on 35th Street.
Built in 1951, this asset is positioned for tenants who may not need to own a car due to its relationship with the transit route, and it presents a ground-up renovation opportunity for investors or operators seeking a value-add multifamily redevelopment.
The building is located on the north side of Indianapolis on the New Red Line mass transit route. The site is 0.744 +/- acres. Plans call for 52 on-site parking spaces, and free street parking is available on 35th Street.
Built in 1951, this asset is positioned for tenants who may not need to own a car due to its relationship with the transit route, and it presents a ground-up renovation opportunity for investors or operators seeking a value-add multifamily redevelopment.
Key Highlights
- 100‑unit, nine‑story apartment building at 3470 N Meridian St, Indianapolis, IN 46208
- Unit mix includes 29 one‑bedroom units and 69 studios; one studio and one 1‑bedroom unit used as management/leasing office
- Approx. 59,048 SF building on a 0.744 +/- acre site with brick exterior and mostly concrete/steel construction
Property Analytics
Property Profile
Current Use
Lease Details
100
Residential units
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
Explore this area
Business Placement
Demographics for 46208, IN
23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Nine-story, brick high-rise apartment building with rooftop decks and 100 units, including studio and one-bedroom layouts.
Where is this apartment building located?
The property is located at 3470 N Meridian St Indianapolis, IN.
What are key features of this property?
This property features: 100‑unit, nine‑story apartment building at 3470 N Meridian St, Indianapolis, IN 46208; Unit mix includes 29 one‑bedroom units and 69 studios; one studio and one 1‑bedroom unit used as management/leasing office; Approx. 59,048 SF building on a 0.744 +/- acre site with brick exterior and mostly concrete/steel construction
