Newly Constructed Four-unit Apartment Building in Monon Yard

USD $659,000
2954 Mac Pherson Avenue, Indianapolis, Indiana, 46205, USA

Property Highlights

  • Brand-new four-unit building under construction
  • Each unit offers 983 sq ft living space
  • Located near Monon Trail and amenities
  • Easy access to downtown and major centers
  • Low-maintenance design for long-term ownership
  • Walkable, bike-friendly neighborhood with growth

Overview

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.
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Property Features

2954 Mac Pherson Avenue, Indianapolis, Indiana, 46205, USA offers the following features:

Property Type: Residential Multi Family
Status: Active
Reference ID: 22074457

What's Nearby

Local businesses near 2954 Mac Pherson Avenue, Indianapolis, Indiana, 46205, USA:

School: < 1 mile
Public Transportation: < 1 mile
Gym: < 1 mile
Grocery/Shopping Center: < 1 mile
Hospital: < 1 mile
Police Station: 1 mile

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