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Garden-Style Apartment Complex
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5915 E 12th St, Indianapolis, IN 46219

Ten two-story garden-style residential buildings offer 22 one-bedroom and 60 two-bedroom units in pristine condition.

Property SizeContact for details
Days on Market124

Property Features for 5915 E 12th St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 82

Building Details

Year Built 1963
Stories 2
Listing Agency: Income Property Organization
Listed By: Kevin Jahnke · License #MI 6501392495
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 7:20AM

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 Income Property Organization

Investment Insights

Based on property information with market context.

Arlington Terrace is a ten-building, two-story garden-style apartment complex built in 1963 in the Irvington area of Indianapolis. The property features a mix of 22 one-bedroom units and 60 two-bedroom units, with one-bedroom units totaling 650 square feet and two-bedroom units ranging from 840 to 850 square feet. The complex is described as meticulously cared for and in pristine condition.

The community is less than a mile from Downtown Irvington and less than half a mile from Community Hospital East. Downtown Irvington offers shopping and eateries, and Community Hospital East is completing a renovation that began in 2015. Arlington Terrace is also less than 2 miles from the I-70/I-465 interchange, providing access to the greater Indianapolis region.

Key Highlights

  • Ten two‑story garden‑style residential buildings built in 1963 in the Irvington area of Indianapolis.
  • Unit mix includes 22 one‑bedroom units and 60 two‑bedroom units.
  • One‑bedroom units total 650 sq. ft.; two‑bedroom units range from 840–850 sq. ft.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Building Supply Real Estate Agency Computer & Electronic Repair Garden Center Parking Lot & Garage

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

82
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

886
Businesses Nearby

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

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 - Ten two-story garden-style residential buildings offer 22 one-bedroom and 60 two-bedroom units in pristine condition.
Where is this apartment building located?
The property is located at 5915 E 12th St Indianapolis, IN.
What are key features of this property?
This property features: Ten two‑story garden‑style residential buildings built in 1963 in the Irvington area of Indianapolis.; Unit mix includes 22 one‑bedroom units and 60 two‑bedroom units.; One‑bedroom units total 650 sq. ft.; two‑bedroom units range from 840–850 sq. ft.
More about this property
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