Welcome to 518 East 7th-River Market Flats

River Market Flats, located at 518 7th Street, is a 1980's example of efforts to revitalize a struggling urban neighborhood 40 years ago. Comprised of two buildings making up thirty apartments, this complex was originally called Penzel Place to honor the grand 1800s Victorian, the Penzel House that originally sat on its land. All thirty apartments have been updated and now feature in-unit washerdryers, updated kitchens with quartz countertops, bathrooms with extra storage IKEA vanities, new hardwood, or tile floors (yes, some are pet friendly!), and access to Hyperleap internet. Other features include secure gated parking, and a mail room large enough for packages and even a few bikes. These apartments come in all sizes from efficiencies to 2 bedrooms. Have an electric car? Let us know, and we will make sure you have an electric charge on location. Don't have a car? Our residents love the walkability of River Market Flats to the nightlife of Clinton Avenue and Main Street, downtown office buildings, and, of course, the nearby graduate schools.