Northside Heritage Collection Indianapolis, IN

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Northside Heritage Collection


1309 N Pennsylvania St,
Indianapolis, IN 46202

Wyndham on Delaware
1040 N Delaware St,
Indianapolis, IN 46202

Maryden on Central
1308 Central Ave,
Indianapolis, IN 46202


  • Assets: 3
  • Total Units: 101
  • Years Built: 1910, 1920, & 1929
  • Year Renovated: 2017, 2018, & 2020

Investment Highlights

  • Landmark Historical Properties in Downtown Indianapolis 
  • Incredibly Well-Positioned to Improve Revenues by nearly 15%
  • Extremely Strong Surrounding Demographics
  • Current Ownership has Invested over $9M in Renovation Costs from 2017 to 2020
  • Turnkey Properties at a Fantastic Basis
  • Offered Free & Clear or with Assumable Debt

Landmark Historical Properties in Downtown Indianapolis  

Nestled within the picturesque Old Northside historic district, Maryden on Central offers a charming ambiance and a strategic location close to Indianapolis’ finest dining, nightlife, and attractions. This combination makes it the perfect choice for those who want tranquility as well as an urban lifestyle. Each meticulously curated apartment within this elegant, early 20th-century structure has been renovated. This includes bespoke, upscale finishes and designer kitchens that epitomize modern luxury. Additionally, Maryden on Central showcases an outdoor gathering and leisure space masterfully crafted by the locally acclaimed architect Green 3, providing tenants an enviable outdoor sanctuary nestled in the heart of the city.

Listed on the National Register of Historic Places and situated in the historic St. Joseph neighborhood, the recently revitalized Wyndham Apartments pays homage to Indianapolis’ rich history while paving the way for investors to participate in its promising future. The Tudor Revival-style architecture offers tenants a private sanctuary within exquisitely designed one- or two-bedroom apartments, each showcasing lavish amenities and style. Wyndham Apartments also offers an upscale fitness center and communal lounge and is conveniently located steps away from the finest restaurants, nightlife, and attractions that Indianapolis has to offer.

Priscilla Apartments offers boutique living, nestled within a historic building in the charming Old Northside district. The recently refurbished studio apartments flawlessly meld iconic Art Deco elements with contemporary fixtures and finishes. Additionally, the Priscilla Apartments offer a top-tier fitness center and communal lounge right on the premises. Located within one of the city’s most sought-after and pedestrian-friendly neighborhoods, Priscilla apartments specializes in pet-friendly studio apartments.

Extremely Strong Surrounding Demographics

Indianapolis, Indiana has been one of the fastest growing cities in the Midwest. Currently, the population in Indianapolis MSA is nearly 890,740 residents, while the unemployment rate–which is consistently lower than the national average—sits at roughly 3.3%.

The surrounding demographic profile reflects an educated, growing population that lives, works, and plays in the desirable downtown Indianapolis area. With these exceptional demographics, companies are attracted to the high quality of life and the educated labor force the area offers, which will continue to provide a steady stream of qualified residents to the asset.

Incredibly Well-Positioned to Improve Revenues by Nearly 15%  

By moving rents to market, revenues can be grown by nearly 15% in the first year of ownership. Additionally, with current controllable expenses at $5,900/unit, well above market averages, the opportunity to streamline expenses allows for tremendous upside.

Virtual Tour

Click below to view our Virtual Tours for all three properties in this collection, or reach out to our team and schedule your in-person tour.

Location Map


  • Priscilla

    Unit Amenities:

    Dishwasher, High-Speed Internet Hookup, Kitchen Range

  • Priscilla

    Site Amenities:

    Fitness Center, Bike Storage, Pet Washing Station, Lounge, Game Room

  • Wyndham on Delaware

    Unit Amenities:

    Designer Lighting, European Cabinetry, Entertaining Kitchenette, Hardwood Floors, Keyless Lock Entry, Kitchen Backsplash Tile, Water Softener, Walk-In Closets*, Unique Custom Finishes, Stainless Steel Appliances, Quartz Countertops

    *Select Units Only

  • Wyndham on Delaware

    Site Amenities:

    Emergency Maintenance, Bike Storage, Business Center, Coffee Area, Dog Walking Area, Dog Walking Service Available, Dog Washing Station, Elevator and Stair Access, Fitness Center

  • Maryden on Central

    Unit Amenities:

    Controlled Access with Intercom System, Disposal, Dishwasher, Tile Backsplashes, Entertaining Kitchenette, European Cabinetry, Hardwood Floors, Keyless Lock Entry, Washer/Dryer Available for Rent, Stainless Steel Appliances

  • Maryden on Central

    Site Amenities:

    Parcel Pending Lockers, BBQ Grills, Bike Storage, Dog Walking Area, Dog Walking Service Available, Extra Storage Units, Gated Parking


Brokerage Team

When evaluating your options for a partner to assist with the sale of your multifamily asset, there are a number of factors you may consider. From experience and market knowledge to marketing prowess and ongoing support, each plays an integral role in creating a positive experience and a profitable outcome. Yet the one competency you may never have considered could be the one that matters most: the ability to move capital across markets efficiently and effectively. 

MMG possesses a unique combination of talent, resources, expertise, and access that delivers an elevated experience from acquisition to disposition. Discover the benefits of a partnership with us.

Alex Blagojevich

Executive Managing Director/Founding Partner

Ryan Carter

Associate Advisor

Connor Hobbs


Keith Cade

Senior Director

Brett Meinzer

Managing Director

Michael Sullivan

Executive Managing Director/Founding Partner

Scott Reid

In Association With ParaSell, Inc.

In Association With

Scott Reid ParaSell, Inc. Indiana Broker License: #RC51900187

Get In Touch


MMG Real Estate Advisors

601 Westport Road

Kansas City, MO 64111