Apartment Building Under
New
For Sale
$350,000
7020 - 7032 Twin Oaks Drive, Indianapolis, IN 46226
Commercial Sale, Indianapolis, IN
Property SizeContact for details
Lot Size0.60 Acres
Days on Market7
Property Features for 7020 - 7032 Twin Oaks Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Apartment General
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 8, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 9, Bathroom 5, Bedroom 6, Bathroom 3, Bedroom 7
High school
Arsenal Technical High School
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Subdivision
4905 - Marion - Warren
Standard status
Active
APN
490724123004000701
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt Nw1/4 Nw1/4 S24 T16 R4 Beg 1065.1Ft S & 231.5Fte Of Nw Cor E 210Ft S 110Ft W 210Ft N 110Ft Tobeg. 0.603Ac Kingston Squareapts
Tax Annual Amount
4936
Legal Description
Pt Nw1/4 Nw1/4 S24 T16 R4 Beg 1065.1Ft S & 231.5Fte Of Nw Cor E 210Ft S 110Ft W 210Ft N 110Ft Tobeg. 0.603Ac Kingston Squareapts
Building Details
Floors in Building
2
Number of units
7
Building materials
Brick
Listing Agency:
United Real Estate Indpls
(317) 216-8800
Listed By:
Cathy O'Banion · License #RB14044353
(317) 255-7285
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 27 at 12:06PM
MLS# 22127288
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick apartment building is configured as 7 units, including two 1-bedroom/1-bath units, two 3-bedroom/2-bath units, two 3-bedroom/1-bath units, and one oversized 2-bedroom/1-bath unit. The building is currently gutted to the studs, while the roof and decking were removed and replaced in summer 2023. The existing large 2-bedroom unit is identified as a potential candidate for division into two units.
The property occupies 0.6 acres in Indianapolis and includes a large parking lot, an 8-foot privacy fence along the north side, and a recent survey and interior scan. All 7 sewer lines were reported clear to the street as of July 2026. Mass transit is located 1 block away, with grocery stores, shopping, and nearby employment options in the surrounding area.
The property occupies 0.6 acres in Indianapolis and includes a large parking lot, an 8-foot privacy fence along the north side, and a recent survey and interior scan. All 7 sewer lines were reported clear to the street as of July 2026. Mass transit is located 1 block away, with grocery stores, shopping, and nearby employment options in the surrounding area.
Key Highlights
- 7‑unit configuration with multiple 1-, 2-, and 3‑bedroom layouts
- 0.6‑acre site with a large parking lot
- Building is gutted to the studs for renovation
Property Analytics
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Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
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Business Placement
Demographics for 46226, IN
43,997
Population
21,380
Households
2.1
Avg Household Size
35
Median Age
24%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
2,973
Density / Sq Mi
$47,086
Median Household Income
$34,225
Median Earnings
$1,045
Median Rent
$148,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with seven existing units and a large parking area suitable for additional site uses.
Where is this apartment building located?
The property is located at 7020 - 7032 Twin Oaks Drive Indianapolis, IN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 7‑unit configuration with multiple 1-, 2-, and 3‑bedroom layouts; 0.6‑acre site with a large parking lot; Building is gutted to the studs for renovation
