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$659,000 -

2954 Macpherson Avenue Indianapolis IN 46205

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.13
Acres

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 Details

Price: $659,000 Previously: $659,000 Originally: $659,000 Bathrooms: 0.00 MLS #: 22074457 Year Built: 2026 Township: Center Type: Residential Income Zip Code: 46205 City: Indianapolis Subdivision: Meadland Grandview County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Cooling: Central Air
  • Heating: Forced Air

Exterior Features

Exterior Features:
  • # Acres: 0.13

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 December 4th, 2025 at 9:26am EST.

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