The last newsletter that went out had a mistaken address on the Mapleton-Fall creek fixer upper. It is NOT 7536 Gale St… See below
Roots Property Management Co. is here.
Roots is now in the property management space. We have partnered with Hayden Steger and Brayden Sammons of Property Partners to birth Roots Property Management Co.
Roots PM Co. offer our clients & sphere high-quality, no-nonsense property management service in the Central Indiana market. No hidden fees, no contractor up-charges, just honest hard-working service. We offer service from single family homes to multifamily properties. I am in fact using Roots PM Co for my own long-term rentals.
If interested in jumping on a call with the team — simply book a call with link at the end of this email or respond to this newsletter.
Back to the low 6’s!
Today, no intricate market deep-dives to share: Only good news that gas prices are down, and so are interest rates. No wet blanket on this Spring Bull Market, we are up & to the right.
Sign of the season — our team Roots has the same equivalent pending right now, than was closed all of Q1 (over 3 months). We have $10,500,000 in real estate volume under contract for our Spring-moving clients!
This home was won by my clients amidst 4 offers this weekend. Over-asking, inspection cap, appraisal gap, and escalation clause all went into effect. No wet blanket this spring!
In a crazy turn of events, West Fork Whiskey is selling their newly built facility in Westfield, IN…
West Fork Whiskey Co. opened an $11 million agritourism facility at the northeast corner of East 191st Street and Horton Road near Grand Park Sports Campus in Westfield in 2022. (Photo courtesy West Fork Whiskey Co.) - Indianapolis Business Journal
According to the IBJ: “Fishers-based Stick and Hack Entertainment LLC has acquired West Fork Whiskey Co.’s property in Westfield and plans to open a sports and entertainment venue at the site, the company announced Tuesday.
Stick and Hack Entertainment said the facility at 10 E. 191st St., just north of the Droplight Grand Park Sports Campus, will have two restaurants, three full-service bars, an outdoor beer garden, golf and racing simulators, and facilities for miniature golf, darts, table tennis, shuffleboard and bocce. The venue will be able to accommodate corporate and private events.”
In other news in Midtown / Broad Ripple…
New proposed building on 54th & College Ave
The current Airmaster building up for public auction
The owners of one of my favorite local pubs, just in my back yard, have plans to acquire the building just north to Fat Dan’s on College Ave in SoBro.
The new proposed structure is going through government approval for re-zoning and permitting. It would be a mixed use facility with residential apartments on top, and retail on the ground floor. IBJ article.
Details haven’t been splurged if Twenty Tap restaurant and beer bar would be relocating, yet.
This Week’s Deal Picks
Hand-picked deals either on the market, coming soon, or off-market in Indianapolis!
Luxury 5-Unit Commercial asset on Historic Park Ave
5 unit luxury units all rented long-term with option to convert to STR or MTR units
Asking $1.6M
Current income is $13,200 / mo or ~$150,000 / year
T-12, expenses etc. available on request
Why I Like This Deal → Yes, it’s expensive but this asset is built for a real estate mogul — perfect for 1031 exchange or a large equity deposit to make it cash flow well. The units are rented from $2100-4500, finding quality tenants is not an issue with this level of finish and uniqueness in Historic Old Northside. There is potential for $100K+ accelerated depreciation if one chooses to go down that route. Management in place.
Pre-Market Duplex with House Hack or Value-Add Potential
1119-1117 Dearborn Ave
One side is rented for $1400, other side vacant (open to renovate or house hack)
Asking $259,900
Why I Like This Deal → This is a duplex in the line of development (Springdale) with a reasonable price, there is potential for value-add especially w/ kitchen upgrades. It’s rentable / house-hackable now, but with opportunity to push the value upwards.
Distressed home in Mapleton Fall-Creek Area
** 3026 N Guilford Ave **
Asking $125,000
ARV: $225-235,000
Why I Like This Deal → This home has actually appraised for $250,000(!) and now they’re asking $125,000. This deal has immediate equity built-in, and it’s a “fire sale” price. The home was vandalized by animals and tenant neglect. Looks rough on the surface, but huge value for someone willing to invest in the professional cleaning.
Pre-List Broad Ripple Charmer — first or move-up home!
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 early June, see it before the rest of the MLS does!
9-Unit Apartment Building in Broad Ripple
9 unit multifamily apartment in Meridian-Kessler
Asking $1.1-1.2M (tentative)
Currently producing $7800 / mo (2 vacancies), gross rental income fully occupied at $9500-9800 / mo
NOI $69,6700 (pro forma, at current rents)
Stabilized value post-renovation → $1.7M @ $95,000 NOI
For more information, reach out.
House-Hackable on Old Southside
Each side is 2 bed, 1 baths, and fully turnkey & renovated!
Located minutes from Lucas Oil & downtown Indy
Asking $325,000
Why I Like This Deal → Location, location, location! This would be the perfect house for someone to house hack, live in one side, and airbnb the other (~$2300 /mo revenue projection) or long term rent ($1400 rent rate); both sides vacant and ready to deploy!
We help sellers sell with maximum exposure both on & off-market.
If you have an off-market deal you want featured to our 3000+ email list please respond: [email protected].
If you just want more info on where the market is at and what you’re property could sell for reach out!
New Podcast Drop!
Bank of America surveyed 50,000 of their clients, and found that in 2025, Indianapolis was the fastest growing metro in the U.S.!
Tune in as Max & Tyler discuss plausible reasons why Indy is experiencing so much growth!
The Roots Podcast is the place to get informed, educated, and plugged into the Indianapolis real estate community. Planting Roots. Building Wealth through RE. We interview some of Indy’s top entrepreneurs from home-builders, to apartment owners, to realtors on the grind.
Consider Pressing Subscribe on the Podcast! It’s a simple way to support what we do and get plugged in. It takes 30 seconds…
Come Meet With Us!
Upcoming Events
Summer Real Estate Masterclass — Panelists TBD (make a suggestion?!) Find details here!
May Coffee & Connect with Keynote Speaker Ethan Fernhaber, founder of Restore Hope Indiana, Volumod Construction, Helix33 Development. Wednesday, May 27th 7:30-9am at OutworkIndy in Broad Ripple.
Indy Street Sweep. Our way of giving back to the neighborhoods we invest in. Being Rooted in Community means showing up — bags, gloves, and commitment. We are inviting folks to come out to clean up our neighborhood parks on July 7th, 2026. Find details here!
I’m now offering a paid version of this newsletter. It has some pretty neat perks and more ability to interact with our local investor community (group-chat is live!). Check out perks, it’s also a way to support this publication I put considerable time into.
Thanks for the read!
Roots is a brokerage team part of the @properties brokerage in Indianapolis. We specialize in helping homeowners & investors Plant Roots & Build Wealth. We offer unique insights into Indy / Investing but also one-of-a-kind networking and education events. Come meet us…
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