Apartment Building with
For Sale
Contact for pricing
3720 N Pennsylvania St, Indianapolis, IN 46205
This apartment building for sale features public-remarked value-add potential based on currently below-market rents.
Property SizeContact for details
Days on Market123
Property Features for 3720 N Pennsylvania St
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Premier Commercial Real Estate Services
Listed By:
Jonathan M. Hardy · License #RB14048442
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 22 at 8:47PM
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 Premier Commercial Real Estate Services
Investment Insights
Based on property information with market context.
The Dorchester is an apartment building offered for sale, positioned around value-add potential per the property’s public remarks. The remarks state that rents are currently below high price indications for one- and two-bedroom apartments in the area, while remaining competitive with other apartment buildings of similar condition and style. Public remarks also describe the property as having performed strongly in the past.
The property is located at 3720 N Pennsylvania St, Indianapolis, IN 46205. The public remarks note that opportunity zones surrounding the property have been associated with substantial capital investment over the past two years, with more than $650 million in transactions reported within the property’s zip code.
For investors and buyers seeking a multifamily asset, the available information highlights current rent levels relative to stated local indications and ongoing transaction activity in the surrounding opportunity zone area.
The property is located at 3720 N Pennsylvania St, Indianapolis, IN 46205. The public remarks note that opportunity zones surrounding the property have been associated with substantial capital investment over the past two years, with more than $650 million in transactions reported within the property’s zip code.
For investors and buyers seeking a multifamily asset, the available information highlights current rent levels relative to stated local indications and ongoing transaction activity in the surrounding opportunity zone area.
Key Highlights
- Apartment building for sale with value‑add potential based on currently below‑market rents.
- Rents are currently below high price indications for one- and two‑bedroom apartments in the area.
- Opportunity zones surround the property, and the area has seen over $650 million in transactions within the zip code in the past two years.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
Explore this area
Business Placement
Demographics for 46205, IN
27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
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 - This apartment building for sale features public-remarked value-add potential based on currently below-market rents.
Where is this apartment building located?
The property is located at 3720 N Pennsylvania St Indianapolis, IN.
What are key features of this property?
This property features: Apartment building for sale with value‑add potential based on currently below‑market rents.; Rents are currently below high price indications for one- and two‑bedroom apartments in the area.; Opportunity zones surround the property, and the area has seen over $650 million in transactions within the zip code in the past two years.
