$739,000
NEW CONSTRUCTION

Estimated payment $3,981/month

Total Views 180
8 Beds
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Under Construction
  • Forced Air Heating and Cooling System
  • Wood Siding
  • Traditional Architecture

About This Home

Purpose-built multifamily 4-plex in the heart of the Monon Yard neighborhood. Currently under construction, this brand new building is engineered for investors or house-hackers: maximizing rental performance while virtually eliminating the "CapEx" headaches of older conversions. 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. Each of the four units features a spacious layout designed for function and style With "new everything", from high-efficiency HVAC systems to modern finishes, stainless appliances and in unit laundry. The expected completion date is mid to late June 2026. This development features one upgraded unit that could serve as an owner's suite OR mid-term rental. A side door has been added for an optional outdoor deck. It also features an upgraded trim package. 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.

Listing Agent

Dan McNeal

@properties Brokerage Email: dan@atpropertiesind.com License #RB19000327 Listed on: 03/27/2026

@properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $380

Year Built

  • Built in 2026 | Under Construction

Home Design

  • Quadruplex
  • Traditional Architecture
  • Block Foundation
  • Wood Siding

Interior Spaces

  • 8 Bedrooms
  • 2-Story Property
  • Washer and Dryer Hookup

Additional Features

  • 7,405 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • Hadleys Grandview Subdivision

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number 490625162013000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$380

Year Built

Built in 2026 | Under Construction

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Sub Type: Quadruplex
  • Architectural Style: Traditional
  • Builder Name: Arcadia 1 Dev.
  • Property Type: Residential Income
  • New Construction: Yes
  • Tax Year: 2024
  • Year Built: 2026
  • Lot Size Acres: 0.17
  • Structure Type: Quadruplex
  • Subdivision Name: Hadleys Grandview
  • Transaction Type: Sale
  • Conversion: No
  • Attribution Contact: dan@atpropertiesind.com
  • Special Features: NewHome

Interior Features

  • Basement: No
  • Levels: Two
  • Total Bedrooms: 8

Exterior Features

  • Roof: Asphalt
  • Construction Materials: Wood Siding
  • Foundation Details: Block
  • Property Condition: Under Construction
  • Construction Stage: Foundation In,Framed,Under Roof
  • Road Access: Not Applic

Garage/Parking

  • Unit Parking: Unpaved

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: Connections All
  • Solid Waste: No

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 7405
  • Parcel Number: 490625162013000101
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 380
  • Tax Lot: 29
  • Semi Annual Property Tax Amt: 190

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2026 03/27/26 For Sale $739,000 -- --
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Stewart Title Company
Quit Claim Deed -- None Available
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $445,825 Construction
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22091622

MIBOR Broker Listing Cooperative®

APN: 49-06-25-162-013.000-101

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