$475,000

Estimated payment $2,522/month

Total Views 3,133
6 Beds
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Proposed New Construction 4-Plex | Nickel Plate Village Introducing a brand-new Duplex investment opportunity in the highly desirable Fairgrounds neighborhood. Each unit features a spacious 3-bedroom, 2-bath layout, ranging from 1250 to 1374 square feet, offering modern design, open living spaces, and quality craftsmanship throughout. With projected rents of $1,900 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 backs up to newly paved Nickel Plate Trail, State Fairgournds, close to the Monon Trail, Fall Creek Greenway, Broad Ripple 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

  • $316

Year Built

  • New Construction

Home Design

  • Duplex

Additional Features

  • 6 Bedrooms
  • 5,187 Sq Ft Lot

Community Details

  • Montrose Subdivision

Listing and Financial Details

  • Tax Lot MONTROSE
  • Assessor Parcel Number 490718103682008801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$316

Year Built

New Construction

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Builder Name: Paradigm Constr.
  • Property Type: Residential Income
  • New Construction: Yes
  • Tax Year: 2024
  • Year Built: 2026
  • Lot Size Acres: 0.12
  • Subdivision Name: Montrose
  • Transaction Type: Sale
  • Conversion: No
  • Special Features: NewHome

Interior Features

  • Total Bedrooms: 6

Exterior Features

  • Construction Stage: Proposed
  • Road Access: Frontage Road

Utilities

  • Solid Waste: No

Lot Info

  • Current Use: See Remarks
  • Lot Size Sq Ft: 5187
  • Parcel Number: 490718103682008801
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 316
  • Tax Lot: MONTROSE
  • Semi Annual Property Tax Amt: 158

Map

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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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 -- $13,300 $13,300 --
2023 -- $13,300 $13,300 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2025 11/04/25 For Sale $475,000 -- --
Source: MIBOR Broker Listing Cooperative®

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22071851

MIBOR Broker Listing Cooperative®

APN: 49-07-18-103-682.008-801