- 168 Units/312 Beds catering to both students and non-students
- Constructed in 1992/2008
- Walkable location just blocks from campus, retail, dining, and nightlife
- Modern mix of one, two, and three bedroom floor plans with private outside entrances
- Premium amenity package including resort-style pool, 24/7 fitness center, volleyball court, in-unit laundry (most units)
- Updated clubhouse/office with dedicated study lounges
- Substantial upside through instigating utility reimbursement program
Sycamore Place
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 1992/2008, 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.
Indiana State University enrolls 6,352 undergraduate students, reflecting a 2% year-over year increase. Freshman enrollment surged 13% to 1,602 students—its highest level since 2020—and the university reached a near-record freshman-to-sophomore retention rate of approximately 70% in 2024. Founded in 1865, Indiana State serves as the academic anchor for Terre Haute.
Terre Haute is located just over an hour from Indianapolis, one of the Midwest’s fastest-growing metros. The city is also home to two additional academic institutions: the nationally recognized Rose-Hulman Institute of Technology and a local Ivy Tech Community College campus, both of which contribute to a stable and diverse student population. The greater Terre Haute MSA has a population of more than 185,000 people. The city continues to benefit from a diverse employment base of government, manufacturing, healthcare, and education jobs.
