Listing Agency: XMARK Midwest

Listed By: Carter Piper · License #RB24000949

Source: Crexi

Added: Sep 16 Changed: Sep 24 Last Checked: Sep 26 at 6:59AM

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Investment Insights

Based on property information with market context.

This 119-unit apartment community in Marion, Indiana, offers one-, two-, and three-bedroom floor plans. Unit sizes range from approximately 694 to 1,540 square feet, providing a range of layouts within the property.

Marion is about 60 miles northwest of Indianapolis. The city serves as a regional center for healthcare, education, manufacturing, and public services.

Key Highlights

• 119 apartment units
• One-, two-, and three‑bedroom floor plans
• Unit sizes range from approximately 694 to 1,540 square feet

Property Analytics

Current Use

Somerset Apartments Apartment Complex

Suggested Use

Top Pick Kitchen & Bath Showroom Grocery & Convenience Store Bakery Gym & Fitness Center Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

119

Residential units

Location Intelligence

Trade Area within ½ mile

181

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - One-, two-, and three-bedroom homes provide varied layouts for residents in Marion.

Where is this apartment building located?

The property is located at 2111 Frederick Drive Marion, IN.

What are key features of this property?

This property features: 119 apartment units; One-, two-, and three‑bedroom floor plans; Unit sizes range from approximately 694 to 1,540 square feet