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$469,900 -

2902 N Capitol Avenue Indianapolis IN 46208

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.41
Acres

NEW PRICE - D8 MULTIFAMILY DEVELOPMENT OPPORTUNITY WITH ARCHITECTURAL PLANS INCLUDED! Offered at $469,900, this approximately 18,000-square-foot (.41-acre) cleared site on N Capitol Avenue provides an excellent opportunity for residential infill development just north of Downtown Indianapolis. The property was previously designed and permitted for a 9-unit luxury residential project featuring eight 2-bedroom/2-bath residences plus a 3-bedroom/3-bath penthouse. Seller owns the architectural plans, which are included with the sale. Previous permits have expired and buyer will be responsible for obtaining current approvals and permits; however, the completed plans provide a valuable head start for a developer evaluating the site. Convenient to Downtown, Fall Creek, Ivy Tech, Tarkington Park, Butler-Tarkington and major transportation corridors. Bring your builder and capitalize on the substantial planning already completed for this D8 multifamily site. Buyer to independently verify zoning, permitted density and uses, utilities, plans and all current development and permitting requirements.

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Property Details

Price: $469,900 Previously: $469,900 Originally: $499,900 Bathrooms: 0.00 MLS #: 21979922 Township: Center Type: Land Zip Code: 46208 City: Indianapolis Subdivision: Burton & Campbells Park Place Add County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:

Exterior Features

Exterior Features:
  • # Acres: 0.41
  • Sewer: Not Applicable

Listing Office: No Limit Real Estate, Llc

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2026 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on October 16th, 2026 at 10:14am EDT.

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