$425,000

1549 N Arsenal Ave Indianapolis, IN 46201

Windsor Park Neighborhood

Estimated payment $2,294/month

Total Views 132
0.46 Acre
$923,913 Price per Acre
20,038 Sq Ft Lot

Highlights

  • 0.46 Acre Lot
  • Corner Lot
  • No HOA

About This Lot

This prime vacant parcel in Indianapolis presents an exceptional development opportunity, already approved for 16 residential units. Situated on a hard corner with excellent road frontage, the site offers strong visibility and access, ideal for a multi-unit residential project. An added advantage is the potential to acquire neighboring parcels, which could significantly expand the overall footprint and allow for additional units beyond the current approval. This flexibility creates a compelling upside for developers looking to scale or enhance density in a growing market. With approvals in place and expansion potential on the table, this property is well positioned for an efficient path from acquisition to development in a desirable Indianapolis location.

Listing Agent

Jason Alsup

eXp Realty, LLC License #RB14035549 Listed on: 12/16/2025

eXp Realty, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $700

Lot Details

  • 0.46 Acre Lot
  • Corner Lot

Community Details

  • No Home Owners Association
  • Fletchers S A Jr North Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 490731173022000101

Property Details

Property Type

Land

Est. Annual Taxes

$700

Lot Details

0

Listing Details

  • Type: Undeveloped
  • Property Sub Type: Unimproved Land
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2024
  • Lot Size Acres: 0.46
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: Fletchers S A Jr North
  • Inspection Warranties: See Remarks
  • Transaction Type: Sale
  • Special Features: None

Exterior Features

  • Other Structures: Not Applicable
  • Topography: Cleared
  • View Y N: No
  • Waterfront: No
  • Road Access: See Remarks
  • Water: Municipal Water on Site

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: Access, Corner Lot
  • Development Status: Finished Lot(s)
  • Horse Amenities: None
  • Lot Size Sq Ft: 20232
  • Number Of Lots: 2
  • Parcel Number: 490731173022000101
  • Zoning: R4
  • Acres: 1/4-1/2 Acre
  • Land Characteristics: Corner
  • Present Zoning: Multi-Fam
  • Soil Type: Not Applic
  • Divisible: No

Tax Info

  • Tax Annual Amount: 700
  • Tax Lot: 7
  • Semi Annual Property Tax Amt: 350

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $818 $29,500 $29,500 --
2023 $818 $29,500 $29,500 $0
2022 $820 $29,500 $29,500 $0
2021 $875 $29,500 $29,500 $0
2020 $122 $3,000 $3,000 $0
2019 $123 $3,000 $3,000 $0
2018 $124 $3,000 $3,000 $0
2017 $113 $3,000 $3,000 $0
2016 $107 $3,000 $3,000 $0
2014 $615 $27,900 $3,700 $24,200
2013 $34 $1,500 $1,500 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2025 12/16/25 For Sale $425,000 -- --
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Deed -- --
Warranty Deed $400,000 Schmitz David A
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $800 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $400,000 Construction
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22076967

MIBOR Broker Listing Cooperative®

APN: 49-07-31-173-022.000-101

Indiana Marion County Indianapolis 46201 Windsor Park

1549 N Arsenal Ave, Indianapolis, IN

For Sale

Lots

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MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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Jason Alsup
Listing Agent
Jason Alsup
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eXp Realty, LLC
(317) 820-2447