$679,000
PENDING NEW CONSTRUCTION

Estimated payment $3,752/month

Total Views 480
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

Brand-New 4-Unit Multifamily Quadplex in Monon Yard - in the permit stage. Construction will begin in June. Presenting an exceptional opportunity to own a newly constructed four-unit apartment building located in the growing Monon Yard neighborhood. 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, IU Health 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.

Listing Agent

Dan McNeal

@properties Brokerage Email: dan@atpropertiesind.com License #RB19000327 Listed on: 06/11/2026

@properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $624

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

  • 5,445 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • Meadland Grandview Subdivision

Listing and Financial Details

  • Tax Lot 63
  • Assessor Parcel Number 490730109023000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$624

Year Built

Built in 2026 | Under Construction

Lot Details

5,445 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: 0.13
  • Structure Type: Quadruplex
  • Subdivision Name: Meadland 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: Permit on File
  • Road Access: Not Applic

Garage/Parking

  • Unit Parking: Unpaved

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: Connections All
  • Solid Waste: Yes

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 5445
  • Parcel Number: 490730109023000101
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 624
  • Tax Lot: 63
  • Semi Annual Property Tax Amt: 312

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $618 $26,300 $26,300
2024 $730 $26,300 $26,300
2023 $730 $26,300 $26,300 $0
2022 $122 $26,300 $26,300 $0
2021 $131 $4,400 $4,400 $0
2020 $130 $4,400 $4,400 $0
2019 $133 $4,400 $4,400 $0
2018 $137 $4,400 $4,400 $0
2017 $121 $4,400 $4,400 $0
2016 $115 $4,400 $4,400 $0
2014 $95 $4,400 $4,400 $0
2013 $91 $4,400 $4,400 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/19/2026 06/19/26 Pending -- -- --
06/11/2026 06/11/26 For Sale $679,000 +4143.8% --
09/14/2018 09/14/18 Sold $16,000 -13.5% -- View Prior Sale
08/29/2018 08/29/18 Pending -- -- --
07/05/2018 07/05/18 Price Changed $18,500 -58.9% --
04/04/2018 04/04/18 Price Changed $45,000 -10.0% --
03/08/2018 03/08/18 For Sale $50,000 -- --
Source: MIBOR Broker Listing Cooperative®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- Near North Title Group
Warranty Deed $16,000 First American Title
Deed $16,000 --
Deed -- --
Deed -- --
Warranty Deed -- Mtc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $433,075 Construction
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22107322

MIBOR Broker Listing Cooperative®

APN: 49-07-30-109-023.000-101

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