412-Unit Apartment
For Sale
Contact for pricing
Pending
6046 E 21st St, Indianapolis, IN 46219
Four Indianapolis apartment communities offer primarily two-bedroom units across a consolidated eastside portfolio.
Property Size345,705 SF
Days on Market510
Property Features for 6046 E 21st St
General Information
Standard status
Pending
Size
345,705 SF
Property subtype
Multifamily
Units
Unit Mix
41 x 1BR, 371 x 2BR
Multifamily Units
412
Building Details
Year Built
1950
Year Renovated
2019
Units
412
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Aaron Kuroiwa · License #IN RB17000780
Source:
Crexi
Added: Apr 11, 2025
Changed: Sep 1
Last Checked: Sep 1 at 4:51PM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This Indianapolis apartment portfolio comprises 412 units across four properties totaling 345,705 square feet. The unit mix includes 41 one-bedroom residences and 371 two-bedroom residences, providing a predominantly two-bedroom configuration. The buildings date to 1950, and all units underwent renovation in 2019.
The communities are positioned on Indianapolis’s east side near the Community Heights and Arlington Woods neighborhoods. Each property is located less than 10 minutes from the others, creating a geographically concentrated portfolio. The offering includes assumable Agency Financing with nearly 6 years remaining, 30-year amortization, and a fixed interest rate of 2.81%.
The communities are positioned on Indianapolis’s east side near the Community Heights and Arlington Woods neighborhoods. Each property is located less than 10 minutes from the others, creating a geographically concentrated portfolio. The offering includes assumable Agency Financing with nearly 6 years remaining, 30-year amortization, and a fixed interest rate of 2.81%.
Key Highlights
- 412‑unit portfolio across four apartment properties
- 345,705 square feet across the portfolio
- Unit mix includes 41 one‑bedroom and 371 two‑bedroom units
Property Analytics
Current Use
Lease Details
412
Residential units
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
Business Placement
Demographics for 46219, IN
36,556
Population
17,028
Households
2.1
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
13.0 sq mi
ZIP Area
2,812
Density / Sq Mi
$57,811
Median Household Income
$38,995
Median Earnings
$991
Median Rent
$177,000
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 - Four Indianapolis apartment communities offer primarily two-bedroom units across a consolidated eastside portfolio.
Where is this apartment building located?
The property is located at 6046 E 21st St Indianapolis, IN.
What are key features of this property?
This property features: 412‑unit portfolio across four apartment properties; 345,705 square feet across the portfolio; Unit mix includes 41 one‑bedroom and 371 two‑bedroom units
