The Win Townhomes — Sale in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Indianapolis, IN 46220

Description

Marcus & Millichap is pleased to present the exclusive offering of The Win Townhomes, a 24-unit, Class A townhome community located in the highly desirable Broad Ripple submarket of Indianapolis, Indiana. Constructed in 2016, the property features modern, large-format townhome units averaging approximately 1,190 square feet, with a mix of two- and three-bedroom floorplans. The asset is currently operating with average rents of $2,125, demonstrating strong in-place performance and consistent demand for high-end rental products in the Broad Ripple Submarket of Indianapolis. The Win Townhomes offers residents a differentiated living experience through private entries, spacious layouts, and premium interior finishes, including granite countertops, stainless steel appliances, in-unit washer and dryers, and private patios. Located in the heart of Broad Ripple, one of Indianapolis' most walkable and amenity-rich neighborhoods, the property offers immediate access to the Monon Trail, dense retail and dining corridors, and proximity to major employment hubs, including Downtown Indianapolis, IU Health, and Eli Lilly. This irreplaceable location supports long-term rent growth and sustained occupancy, making The Win Townhomes an attractive, stabilized investment opportunity. Investment Highlights: • New Construction, High Quality Real Estate: 2016-Vintage with No Deferred Maintenance • Large Townhomes with Premium Finishes: Spacious Two- and Three-Bedroom Townhomes Featuring Condo-Quality Level of Finish • Irreplaceable Broad Ripple Village Location: Broad Ripple is one of Indianapolis' Most Lively and Walkable Districts with a Walkability Score of 92. • Affluent Northside of Indianapolis: One-Mile Average Household Income Boasting $146K • Rent Comps Supportive of Future Upside: Similar Product is Achieving $400/mo Premiums

Market Context

This multifamily in Indianapolis, IN is listed for sale. It has been on the market for 114 days. Compare it against other multifamily listings for sale in Indianapolis, IN — view the full market.

As of Q4 2025, the Indianapolis multifamily market showed an 8.2% vacancy rate, and cap rates around 8.5%.

Multifamily market FAQ

What is the typical cap rate for multifamily in Indianapolis?
About 8.5% as of Q4 2025.
Is the Indianapolis multifamily market tightening or softening?
Vacancy is around 8.2% (Q4 2025).

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