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Listed by Alec Neu • Neu Real Estate Group
$ 475,000
Est. payment | /mo
3,920 Sqft Lot
$ 475,000
Est. payment | /mo
3,920 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22120744
Year Built 2026
Tax Year 2025
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Duplex
Property Description
Cottage Home District new construction, on Indianapolis's near eastside, just east of downtown and Mass Ave. The Lexington model offers two 3-bed/2-bath units of approximately 1,296 SF each. Projected rent of $1,800 per unit is supported by 3-bedroom comparables within 2 miles. Pro forma: $43,200 gross potential rent, $30,857 estimated NOI at 5% vacancy and 8% management. Tree-lined, walkable streets with a Conservation Plan guiding compatible new construction. Taxes and insurance are estimates; buyer to verify. This property is broker owned.
Location
State IN
County Marion
Interior
Fireplace N
Building
New Construction true
Schools
High Schools Arsenal Technical High School
School District Indianapolis Public Schools
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
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