Building Details

Year Built 1983

Listing Agency: Marcus & Millichap - Indianapolis

Listed By: Aaron Kuroiwa · License #IN RB17000780

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 12:38PM

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Investment Insights

Based on property information with market context.

The Lynnwood Apartments is a 24-unit apartment property constructed in 1983. The unit mix includes 8 one-bedroom, one-bath apartments, 4 two-bedroom, one-bath apartments, and 12 three-bedroom, two-bath apartments. The property is currently 100% market rate. Public remarks indicate strong demand and occupancy, and the current third-party management is interested in continuing with new ownership.

Located at 22156 Maple Ct in Woodburn, Indiana, the property is described as being about 20 minutes east of Fort Wayne.

For a buyer evaluating stabilized income property options, the building’s current composition provides a mix weighted toward three-bedroom units, with a variety of rent levels shown across the floorplans per the offering remarks.

Key Highlights

• 24‑unit multifamily property in Woodburn, Indiana, built in 1983
• Unit mix includes 8 1‑bed/1‑bath, 4 2‑bed/1‑bath, and 12 3‑bed/2‑bath apartments
• 100% market‑rate property; originally a Rural Housing affordable property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency HVAC Service Electrical Service Plumbing Service Hair Salon

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

24

Residential units

Location Intelligence

Trade Area within ½ mile

101

Businesses Nearby

Explore this area Business Placement

Demographics for 46797, IN

4,008

Population

1,422

Households

2.8

Avg Household Size

37

Median Age

16%

College-Educated

89%

High-School Grad

49.8 sq mi

ZIP Area

80

Density / Sq Mi

$92,000

Median Household Income

$44,218

Median Earnings

$985

Median Rent

$222,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Built in 1983, this 24-unit multifamily property offers a mix of 1-, 2-, and 3-bedroom apartments.

Where is this apartment building located?

The property is located at 22156 Maple Ct Woodburn, IN.

What are key features of this property?

This property features: 24‑unit multifamily property in Woodburn, Indiana, built in 1983; Unit mix includes 8 1‑bed/1‑bath, 4 2‑bed/1‑bath, and 12 3‑bed/2‑bath apartments; 100% market‑rate property; originally a Rural Housing affordable property