Welcome to a rare new-construction opportunity on the east end of Fountain Square, one of Indianapolis's most sought-after and rapidly appreciating neighborhoods. This brand-new 4-unit multifamily property is designed like four individual townhomes, each unit offering 2 bedrooms, 2 bathrooms, and approximately 1,100 sq ft of thoughtfully laid-out living space.… Read More Projected completion is summer/fall 2026. Each two-story unit features an open-concept main floor with living, dining, and kitchen areas, plus a foyer, full bathroom, and dedicated laundry/mechanical space. Upstairs, residents will find two bedrooms and a second full bathroom. Finishes throughout include architectural shingles and Hardie Board siding, white shaker cabinetry, granite countertops, subway tile backsplash, stainless steel appliances, and LVP flooring on main level. Bathrooms feature matte black plumbing fixtures, tile surrounds at tubs, framed mirrors, wall sconce lighting, and coordinated accessories. Each unit is independently metered for electric and gas, with its own HVAC system and water heater. Water/sewer is not currently submetered but could be in the future. Rear driveway with alley access, plus available street parking. Projected rents of $1,500-$1,650 per unit bring estimated gross annual income of $72,000-$79,200. With 100% new construction, expect minimal maintenance and capex for years to come - a rare chance to add a low-maintenance, cash-flowing asset to your portfolio in one of Indy's hottest neighborhoods. Read Less
Courtesy of Liz Foley Real Estate, Inc..
Listing Snapshot
Days Online
37
Last Updated
Property Type
Quadruplex
Lot Size
0.12 Acres
Year Built
2026
MLS Number
22107036
30 Days Snapshot Of 46203
$217k
-4%
(avg) sold price
32
-50%
homes sold
77
-13%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Levels: Two, Year Built: 2026
Laundry
Description: Connections All, Main Level
Lot
Acres: 0.12, MLS Acres: <1/4 Acre
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