08/02/2026
1027 HOSBROOK STREET
TURNKEY HOUSING OPPORTUNITY | INDIANAPOLIS, IN
A Housing Asset Designed for Organizations That Need Space — Not Another Construction Project
OPEN HEIR presents a unique opportunity for qualified nonprofit organizations, housing providers, social-service organizations, governmental contractors, and community-based operators seeking a substantial residential property in Indianapolis.
1027 Hosbrook Street offers approximately 3,890 square feet of living space, multiple bedrooms and bathrooms, modern construction, and additional space provided through the property’s rear carriage-house configuration.
Rather than acquiring a property and undertaking a major renovation, a qualified organization may be able to secure an existing residential asset and focus its resources on what it does best: operating its program and serving its residents.
POTENTIAL ORGANIZATIONAL USES
Subject to zoning, licensing, occupancy, governmental approvals, insurance requirements, and the organization’s individual program model, the property may warrant consideration for:
* Transitional housing for young adults
* Youth aging out of foster care
* Independent-living programs
* Young-adult housing
* Educational transitional housing
* Workforce-readiness housing
* Housing for young adults experiencing housing instability
* Nonprofit residential programs
* Shared supportive housing
* Semi-supervised independent living
* Housing operated in conjunction with case-management services
WHY 1027 HOSBROOK?
Modern Construction
Completed in 2024, the property offers an organization the opportunity to consider a newer residential asset rather than taking on a substantial rehabilitation project.
Approximately 3,890 SF
The property’s size creates flexibility for sleeping quarters, common living areas, administrative functions and other uses permitted under the operator’s program and applicable regulations.
4 Bedrooms | 3 Full Baths | 2 Half Baths
A substantial residential configuration designed to accommodate multiple occupants while providing access to several bathroom facilities.
Rear Carriage House
The additional structure creates another potentially valuable component for an operator to evaluate for permitted administrative, residential, supervisory or other program-related purposes.
Indianapolis Location
Positioned within Indianapolis with access to employment, education, transportation, healthcare, community resources and other services important to transitional-housing populations.
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OWNER SEEKS AN OPERATOR — NOT A PROGRAM TO MANAGE
This opportunity is particularly suited for an established organization that already operates, administers or is qualified to administer its own residential program.
The preferred structure is one in which the selected organization assumes responsibility for its operations, including, as applicable:
Program licensing and certification
Resident eligibility and placement
Staffing and supervision
Case management
Program policies and procedures
Governmental reporting
Program documentation
Resident records
Funding and reimbursement administration
Required background checks
Program-specific insurance
Operational regulatory compliance
Resident services
The property owner would remain focused primarily on the real-estate ownership/landlord side of the relationship, subject to the final negotiated lease and applicable law.
IDEAL ORGANIZATIONAL PARTNER
OPEN HEIR is seeking conversations with:
501(c)(3) nonprofit organizations
Established transitional-housing operators
Youth-service organizations
Foster-youth service providers
Independent-living organizations
Government contractors
Community development organizations
Faith-based housing organizations
Supportive-housing providers
Organizations with existing housing grants or contracts
Organizations seeking additional Indianapolis housing capacity
FLEXIBLE TRANSACTION DISCUSSION
Qualified organizations may inquire regarding potential:
Master Lease
An organization leases the property and operates its own approved housing program.
Long-Term Organizational Lease
Potential multi-year occupancy for organizations seeking stable program capacity.
Program Housing Partnership
Alternative structures may be considered where appropriate, subject to owner approval, underwriting and legal review.
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EXPAND YOUR HOUSING CAPACITY WITHOUT STARTING FROM THE GROUND UP.
If your organization has the program, residents, funding and infrastructure but needs the right Indianapolis property, 1027 Hosbrook Street deserves consideration.
Presented by OPEN HEIR
1027 Hosbrook Street | Indianapolis, Indiana
Qualified organizations and authorized representatives are invited to request property information, schedule a private tour, and discuss potential organizational occupancy.
Property availability and any proposed use are subject to owner approval, zoning, occupancy requirements, licensing requirements, insurance, governmental approvals and final written agreement.
