• Property Type
  • Quadruplex, Residential Income
  • Sqft
  • Area Size
2954 Mac Pherson Avenue, Indianapolis, IN 46205
  • $679,000
  • $659,000

Description

Brand-New 4-Unit Multifamily Building in Monon Yard – Under Construction. Presenting an exceptional opportunity to own a newly constructed four-unit apartment building located in the growing Monon Yard neighborhood. Currently under construction, 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, 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.

  • Address: 2954 Mac Pherson Avenue
  • City: Indianapolis
  • State/county: IN
  • Zip/Postal Code: 46205

Details

Updated on May 5, 2026 at 8:18 pm
  • Property ID 22074457
  • Price $679,000
  • Land Area 0.13 Acres
  • Garage Size x x
  • Year Built 2026
  • Property Type Quadruplex, Residential Income
  • Property Status Active

Additional details

  • Roof Asphalt
  • Cooling Central Air
  • Heating Forced Air
  • County Marion
  • Property Type Residential Income
  • Architectural Style Traditional

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Contact Information

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Preeti Chaggar

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