Age-Restricted Multifamily Investment
For Sale
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301 Parent Dr., Ossian, IN 46777
46-unit age-restricted multifamily property in Ossian, Indiana.
Property Size40,200 SF
Lot Size6.28 Acres
Price / SF$145.02
Days on Market165
Property Features for 301 Parent Dr.
General Information
Standard status
Active
Size
40,200 SF
Lot size
6.28 Acres
Property subtype
Multifamily
Zoning
R3
Occupancy
100%
Building Details
Year Built
1998
Year Renovated
2001
Stories
1
Units
46
Listing Agency:
Sturges Property Group
(260) 424-8448
Listed By:
Neal Bowman · License #IN RB14026402
Source:
Crexi
Added: Mar 4
Changed: Aug 10
Last Checked: Aug 14 at 8:07AM
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 Sturges Property Group
Investment Insights
Based on property information with market context.
The Ossian Apartment Community, located at 301 Parent Drive in Ossian, Indiana, is a 46-unit age-restricted (55+) multifamily property situated on approximately 6.28 acres. The community is spread across four buildings. A portion of the land will be split at closing. The property features a desirable unit mix with a majority of units including front facing garages and in-unit laundry. Tenants are separately metered and responsible for all utilities. This well-constructed multifamily asset is located in a growing Northeast Indiana community, with upside potential through future rental rate growth.
Key Highlights
- Age‑restricted (55+) multifamily property, appealing to a specific demographic with potentially stable occupancy.
- Desirable unit mix with front‑facing garages and in‑unit laundry, enhancing tenant appeal.
- Tenants are separately metered and responsible for all utilities, minimizing landlord expenses.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Explore this area
Business Placement
Demographics for 46777, IN
6,348
Population
2,794
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
97%
High-School Grad
57.9 sq mi
ZIP Area
110
Density / Sq Mi
$69,294
Median Household Income
$39,861
Median Earnings
$905
Median Rent
$185,300
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 - 46-unit age-restricted multifamily property in Ossian, Indiana.
Where is this apartment building located?
The property is located at 301 Parent Dr. Ossian, IN.
What is the asking price?
The asking price for this property is $5,830,000.
What are key features of this property?
This property features: Age‑restricted (55+) multifamily property, appealing to a specific demographic with potentially stable occupancy.; Desirable unit mix with **front‑facing garages and in‑unit laundry**, enhancing tenant appeal.; Tenants are separately metered and responsible for all utilities, minimizing landlord expenses.
