$825,000
Proposed New Construction 4-Plex | Monon Yard Introducing a brand-new 4-unit investment opportunity in the highly desirable Monon Yard neighborhood. Each unit features a spacious 3-bedroom, 2-bath layout, ranging from 1,320 square feet, offering modern design, open living spaces, and quality craftsmanship throughout. With projected rents of $1,750 per unit, this property generates strong returns and is ideal for owner-occupants, investors, or house hackers looking to capitalize on Indianapolis's continued growth. Built by Paradigm Construction & Development, a respected local builder committed to quality, transparency, and community impact. Perfectly located just minutes from the $4 billion IU Health Downtown Hospital (scheduled for completion in December 2027) and close to the Monon Trail, Fall Creek Greenway, and Midtown dining and retail, this property combines walkability, convenience, and long-term appreciation potential. Estimated completion: Approximately 7 months from closing and first construction draw. Reach out directly for full specifications, construction timeline, and builder options.
GPS Friendly
| MLS # | 22071846 |
|---|---|
| Date Listed | 2025-11-04 |
| Status | Active |
| Property Type | Multi-Family/Apartments |
| Property SubType | Quadruplex |
| New Construction | Yes |
| Type | Quadruplex |
| Year Taxes Payable | 2024 |
| Year Built | 2026 |
| Days on Market | 32 |
| Construction | Quadruplex |
|---|---|
| Lot Size | 5,740 sq ft |
| Acreage | 0.13 Acres |
| Fence | None |
| Area | Marion |
|---|---|
| County | Marion |
| Subdivision | Schofield Harrison |
| Township | Center |
| City | Indianapolis |
| State | IN |
| Zip | 46205 |
| School District | Indianapolis Public Schools |
|---|
| Assoc. Dues | $0.00 |
|---|
MLS# 22071846
IDX information provided by the MIBOR REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Zachary Douglas
Canull Group LLC
z.douglas@buildwithparadigm.com
Listing updated November 7, 2025 at 4:57 pm
Last checked 6 minutes ago