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$750,000 -

517 Prospect Street Indianapolis IN 46203

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.06
Acres

Proposed New Construction Duplex in the Heart of Downtown Indianapolis! Discover a rare opportunity to own a brand-new, high-performing duplex just steps from everything downtown Indy has to offer. Built by Paradigm Construction-one of the Midwest's premier builders known for quality craftsmanship and forward-thinking design-this project offers the perfect blend of investment potential and modern urban living. Ideally positioned between the southeast corridor of Downtown, Fountain Square, and Bates-Hendricks, the location offers unmatched access to some of Indy's most vibrant neighborhoods. Whether you're an owner-occupant looking to offset your mortgage with rental income, or a seasoned investor seeking a sleek addition to your portfolio, this property delivers. Each side of the duplex features 3 spacious levels with 3 bedrooms, 2.5 bathrooms, private balconies with views of the Eli Lilly campus and downtown skyline, and premium finishes throughout. Highlights include quartz countertops, stainless steel appliances, LVP flooring, modern designer touches, and 4-car off-street parking. Projected long-term rental rates range from $3,000-$3,500 per unit per month-or even more with the right short-term rental strategy! Construction is ready to begin, with the opportunity for buyers to select finishes and customize final details. Break ground now and be ready just in time for next spring and summer's peak rental season!

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Property Details

Price: $750,000 Previously: $750,000 Originally: $750,000 Bathrooms: 0.00 MLS #: 22047411 Year Built: 2026 Township: Center Type: Residential Income Zip Code: 46203 City: Indianapolis Subdivision: Hendricks County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:

Exterior Features

Exterior Features:
  • # Acres: 0.06

Listing Office: @properties

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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. © 2025 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on September 13th, 2025 at 4:40am EDT.

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