In this edition of Indy Investor Update:
This Week’s Deals
Indy Will Not be the Same After These Projects
Events Coming Up
This Week’s Deals
Investment Picks:
12 Unit Apartment Building in Midtown // Off-Market
Prime 12-Unit Apartment Building
Most units LTR 1 bed / 1 bath ($975/unit)
Mix of MTR units ($1375/unit)
More information available on request
Why I Like This Deal → The owner put an immense amount of capital into this building, each unit has it’s own washer & dryer, new steel fence with electric gate, and modern finishes in each unit. With strong occupancy & cash flow and a prime spot between Broad Ripple and Downtown, this is an excellent opportunity for someone scaling up their portfolio.
Good-Bones Meridian-Kessler Duplex // On-Market
3 bd / 1.5 ba / 1320 sqft. per side
One side rented for $1650, other side vacant (house hacker opportunity)
Newer mechanicals including high-efficiency HVAC’s, new siding
Asking $490,000
Why I Like This Deal → Yes, this price is quite juiced, especially for some of the renovations that could happen in the kitchen/baths, however, the price reflects truly a top-notch, highly-performing rental area. To me, this works phenomenal for someone living in one side renting those bedrooms to increase top-line revenue.
Prime Renovation Fit for STR in The Valley // Just Listed
3 bed, 3 bath, 1600 sqft.
Two Chicks & Hammer 2022-build
Walking distance to Elanco Global HQ, Back 9 Golf, Lucas Oil Stadium, Victory Field, the Indianapolis Zoo, and White River State Park
Airdna projected revenue $32,500 / yr
Asking $274,900
Why I Like This Deal → The win here is the sub-$300K price point with luxury level finishes. This is made to be a short-term rental in an exciting part of town undergoing massive changes with OneHealth District (Elanco).
Single Family Rental // On-Market
2 bedrooms, 1 bath
Price Improved! $99,900
Market Rents: $1100-1200
Why I Like This Deal → This is incredible value at a fire sale price. With new LVP, kitchen & bathroom finishes, this is strong value for a tenant / owner at a super achievable price. Last rented at $1200. The area is class C.
Retail Deals:
Broad Ripple Bungalow // Pre-Market
616 E 66th St. | Warfleigh Neighborhood
3 bed, 2 bath with partially finished basement, large fenced in back yard
Asking $350,000 (tentatively)
Going to market mid-June
FtSq Charmer // Recently Listed
Price Improved! $329,900
3 bed, 2 bath, 1680 sqft
Previously taken-to-the-studs with 10 ft. ceilings — Walkable to all Fountain Square offers. Fenced in backyard & detached garage!
We help sellers sell with maximum exposure both on & off-market.
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Why Indy Will Never Be the Same After This:
What Smart Homeowners & Investors Are Watching With Indy’s Infrastructure Projects
Indianapolis is quietly making major investments in livability, connectivity, recreation, and tourism. For homeowners and investors, these projects are worth paying attention to because infrastructure often shapes where demand goes next.
Here’s what I’m watching specifically:
1. The White River is becoming a true recreation district.
The White River is no longer being treated as a forgotten edge of downtown. Between new pedestrian-friendly bridges, an enhanced White River State Park, and the planned OneHealth Innovation District with recreation space along the west bank, the river is becoming a major connector and destination.
The big takeaway: more activity is being pulled toward the west side of downtown. Over time, that could increase the appeal of nearby neighborhoods, commercial corridors, and investment areas that benefit from improved access to recreation and downtown amenities.
2. Transportation upgrades are raising the standard for a growing metro.
As Indy continues to grow, smoother transportation becomes more important. Projects like Clear Path 465, the I-65 Southeast Safety Project, and other major corridor improvements are designed to reduce congestion, improve safety, and make movement across the metro more efficient.
For homeowners and investors, commute patterns matter. When access improves, areas that once felt “too far out” or inconvenient can become much more attractive.
3. Indy’s trail system is becoming more connected than ever.
The completion of the Nickel Plate Trail is a big deal. It now runs from Noblesville down to the Fairgrounds, where it connects into the Fall Creek Trail and Monon Trail network.
That means large populations in Fishers, Noblesville, and the northeast suburbs are becoming more directly connected to Indy’s northside neighborhoods, commercial districts, and urban trail corridors.
This is more than just a recreational amenity. Walkability and bikeability are becoming real demand drivers. A more connected trail system improves quality of life and helps Indy compete for residents who care about access, lifestyle, and neighborhood connectivity.
4. Indy is continuing to double down as a host city.
Indianapolis has long been one of the country’s strongest event-hosting cities, and that identity is only getting stronger. With thousands of new hotel rooms coming, the question becomes: what does this mean for short-term rentals?
On one hand, more conventions, sporting events, concerts, and tourism should continue bringing visitors into the city. On the other hand, more hotel supply could put pressure on nightly rates and occupancy for Airbnb and STR operators.
For investors, this is a space to watch closely. Indy’s hosting dominance could keep demand strong, but the market may become more competitive as hotel inventory expands.
Bottom Line
In Indy, the story is clear: more connectivity, more recreation, more tourism, and a stronger push toward livability. I’m pumped to see Indianapolis forging ahead and being proactive versus letting the future happen accidentally.
