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Listed price in listed location currency (USD).
$659,000

000

MLS® 22074457

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage No
Taxes 
Days Active 53
Lot Size 0.13 acres
Approx. Age 2026
MLS® Number 22074457

Property Address: 2954 Macpherson Ave, Indianapolis, IN, 46205-4063

Average square foot calculated using Size range provided by listing agent.

Description

Brand-New 4-Unit Multifamily Building in Monon Yard - Under Construction. Presenting an exceptional opportunity to own a newly constructed four-unit apartment building located in the growing Monon Yard neighborhood. Currently under construction, this purpose-built multifamily asset is designed for strong rental performance, modern tenant appeal, and low-maintenance long-term ownership. Each of the four units offers 983 square feet of well-planned living space, providing a highly rentable layout. With all units delivered new, buyers can expect reduced operating costs, minimal maintenance, and strong demand from tenants seeking modern living near one of Indy's most active redevelopment corridors. Drawings are in supplements. Photos are from a recently completed unit. Location Highlights: * Close proximity to the Monon Trail * Easy access to Downtown Indianapolis, Broad Ripple, and major employment centers * Surrounded by continued investment and new residential development * Walkable and bike-friendly area with improving amenities This is a rare chance to acquire a brand-new four-unit building. Ideal for investors seeking stable long-term returns, low vacancy potential, and a property positioned for strong appreciation. This is also an excellent opportunity for an owner occupant to reside in one unit and rent the others.
MLS® Number22074457
Laundry LevelConnections All
Central VacNo
FireplaceNo
Acreage0.13
Exterior
GarageNo
Approx. Age2026
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 24, 2025List Date
$659,000List Price
Oct 7, 2025End Date
$76,400Sold Price

Sold

Sep 23, 2025List Date
$79,900List Price
  • Commute

Commute

Starting Address
Destination Address
2954 Macpherson Ave, Indianapolis, IN

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