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Lake Castleton

Posted: 11/1/2021
1,261 Units
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About Lake Castleton

Lake Castleton, located on the affluent and popular far north side, is one of Indianapolis’ landmark apartment communities. At 1,261 units, Lake Castleton is the city’s second-largest apartment property.

The current owner has spent more than $10M on property upgrades and updates. 731 units have been upgraded with new cabinetry, countertops, appliances, flooring, light fixtures and plumbing fixtures. Washer and dryers have been added to upgraded units. $155 monthly premiums, on average, have been achieved on unit upgrades and the new owner has the opportunity to continue upgrades on the remaining 530 units.

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