Indianapolis Neighbors for Real Estate Investors to Consider

Whether you are new to real estate investing or a seasoned pro, you will want to know that what you’re investing in will have a positive return. If you are looking for the best neighborhoods to invest in in Indianapolis, the areas below provide a good example of what is available, where the neighborhood is located, and what each has to offer.

Fall Creek Place

Ideally located, residents of Fall Creek Place are only one mile from Interstate 65, two miles from downtown, and minutes from East Fall Creek Parkway North Drive. The neighborhood, which has undergone major rejuvenation, also provides fast access to area attractions, such as:

• The Children’s Museum of Indianapolis
• Reagan Park
• Dr. Martin Luther King, Jr. Park
• Hiking and biking trails
• Indy Greenways system

Fall Creek Place has a thriving and busy business community with several restaurants, cafés, and coffee shops. The IU Health Methodist Hospital is only 7 minutes away. Public and private schools serve the area, and for college students, Ivy Tech is about two miles away, and the University of Indianapolis is approximately eight miles away. Fall Creek Place has a diverse selection of home types as well as a price range from affordable to high-end properties. The community has received four national awards for its development and excellence in its design and planning.

Fountain Square

History abounds in the Fountain Square neighborhood, which not only has a busy commercial district, but also new construction and historic homes. It is an active and upbeat area that has been renovated and revitalized. Investors have access to new homes, as well as homes in need of repairs. The neighborhood offers an easy commute to downtown just one mile away, the Red Line rapid transit bus, and the Indianapolis Cultural Trail. There are a variety of features that make Fountain Square a good investment. These include:

• Vintage shopping venues
• Restaurants, bars, and grills
• Fountain Square Theater
• Breweries
• Specialty shops
• An active art scene
• Murphy Art Center

Emerson Heights

Emerson Heights is an ideal choice for investors interested in a neighborhood with vintage homes. Located on the east side of the city, the tree-lined community has homes selling in the median price range. In 2010, the residential neighborhood was listed on the National Register of Historic Places. It is a community with an active organization, which keeps residents updated through social media and newsletters about upcoming neighborhood events. Several points of interest near Emerson Heights include:

• Brookside Park
• Eiteljorg Museum
• Indianapolis Art Center
• Indiana State Museum
• Riley Hospital for Children
• Dining options
• Indianapolis Motor Speedway

Broad Ripple

Broad Ripple is another of the best neighborhoods to invest in in Indianapolis, due to its vibrant and upbeat environment. With its proximity to Butler University, less than 10 minutes away, the community is a prime destination for students looking for available rentals from apartments to bungalows. Young professionals are also drawn to the community due to its location near downtown and work opportunities. Plus, it is considered a walkable and friendly area. Residents can enjoy an active lifestyle combined with a laid-back vibe, which also adds to the popularity of the neighborhood. Broad Ripple offers numerous features, such as:

• A diverse selection of dining venues
• Local grocers and markets
• Nightclubs
• Live music venues
• Hiking and biking along the Monon Trail
• Specialty shopping venues

Downtown Indianapolis

Downtown Indianapolis remains a choice location for property investors. The urban area offers rental opportunities, from luxury to budget-friendly apartments and condos, which is a draw for workers, from casual to corporate. Along with its prime location, key points for an investor to consider the downtown area include:

• The option for short-term rentals to maximize tourism
• Modern residences
• Downtown is a high-demand residential area
• Residents have access to entertainment, dining, and cultural attractions

Irvington

For investors interested in properties that cater to families or those who prefer long-term rentals, consider the historic Irvington area. A cozy community less than 20 minutes from downtown, consists of older homes lining the landscape, and provides a quiet place to call home. The positive things for investors to consider include:

• Homes are affordable
• Renovations are available for increased value of the property
• New businesses to the area
• Stable income from renters

Contact Our Team

When your goal is to find Indianapolis real estate investment opportunities, contact our team at Invest With Ben. Whether your interest is rental property, long-term investments, or buying and flipping, let us manage your search for the right location, the right prices, and the best neighborhoods to invest in Indianapolis, we have your back from start to finish.