2737 Columbia Ave Indianapolis, IN 46205
Martindale-Brightwood NeighborhoodEstimated payment $4,331/month
About This Home
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.
Listing Agent
Zachary Douglas
Canull Group LLC License #RB25001624 Listed on: 11/04/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $156
Year Built
- 2026
Additional Features
- 5,740 Sq Ft Lot
- 3 Bedrooms
Community Details
- Schofield Harrison Subdivision
Listing and Financial Details
- Tax Lot 1071360
- Assessor Parcel Number 490730123059000101
Map
Home Values in the Area
Average Home Value in this Area
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 | $157 | $6,600 | $6,600 | -- |
| 2023 | $157 | $6,600 | $6,600 | $0 |
| 2022 | -- | $6,600 | $6,600 | -- |
| 2021 | $0 | $6,600 | $6,600 | $0 |
| 2020 | $0 | $2,500 | $2,500 | $0 |
| 2019 | $59 | $2,500 | $2,500 | $0 |
| 2018 | $60 | $2,500 | $2,500 | $0 |
| 2017 | $0 | $0 | $0 | $0 |
| 2016 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/04/2025 11/04/25 | For Sale | $825,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $53,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Available | |
| Deed | $800 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $300 | -- | |
| Quit Claim Deed | -- | -- | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $13,447 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $105,000 | Balloon |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22071846
APN: 49-07-30-123-059.000-101
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