Sycamore Place
Multifamily
Marketing description
Triad Real Estate Partners is pleased to present Sycamore Place, a multifamily community in Terre Haute, Indiana. Sycamore Place caters to Indiana State Students and non-students. The property benefits from a walkable, near-campus location that supports consistent demand from ISU's student population. Many of the non-student tenants are employees of the ISU, Union Health Group, Terre Haute Regional Hospital, Terre Haute Casino Resort, and numerous government and manufacturing jobs. Constructed in 1994/2008, Sycamore Place comprises 168 units/312 beds across three stories, offering institutional-scale exposure in a supply-constrained, campus-adjacent location.
Sycamore Place features a mix of one-, two-, and three-bedroom floorplans, including townhome-style layouts, and operates with individual leasing, aligning well with student renter preferences and operational efficiency. The community offers a competitive amenity package, including a clubhouse, fitness center, swimming pool, study lounge, sand volleyball court, and on-site parking, with highspeed internet and select utilities included. The asset presents investors with a stabilized, student-oriented multifamily property supported by durable demand drivers, a proven unit mix, and amenities tailored to students and non-students.
Investment highlights
- Strong enrollment trends: Particularly, a 13% increase in the fall 2025 freshman class, which can reduce lease-up risk in the near term
- Unbeateable location: Sycamore Place is arguably one of the best-located student housing assets in the market, positioned directly across from Indiana State's campus
- Room to see even greater growth: NOI upside can be realized through straight forward operational adjustments, improved management and continued enrollment growth. In addition, current ownership has recently installed water meters in all the units. New ownership can further increase income by instigating a utility chargeback program.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
