This prime vacant parcel in Indianapolis presents an exceptional development opportunity, already approved for 16 residential units. Situated on a hard corner with excellent road frontage, the site offers strong visibility and access, ideal for a multi-unit residential project. An added advantage is the potential to acquire neighboring parcels, which could significantly expand the overall footprint and allow for additional units beyond the current approval. This flexibility creates a compelling upside for developers looking to scale or enhance density in a growing market. With approvals in place and expansion potential on the table, this property is well positioned for an efficient path from acquisition to development in a desirable Indianapolis location.
Pending
$425,000
1549 N Arsenal Ave, Indianapolis, IN 46201
--beds
--baths
0.46Acres
Unimproved Land
Built in ----
0.46 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Strong visibility and accessPrime vacant parcel
- 298 days
- 3
- 0
Zillow last checked:
Listing updated:
Listed by:
Jason Alsup jasonalsupexp@gmail.com,
eXp Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22076967
Facts & features
Property
Lot
- Size: 0.46 Acres
- Features: Access, Corner Lot, Corner
- Topography: Cleared
Details
- Parcel number: 490731173022000101
- Zoning: R4
- Zoning description: Multi-Fam
- Horse amenities: None
Utilities & green energy
- Water: Public, Municipal Water on Site
Community & HOA
Community
- Subdivision: Fletchers S A Jr North
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $29,500
- Annual tax amount: $700
- Date on market: 12/16/2025
- Cumulative days on market: 64 days
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 1/28/2026 | Pending sale | $425,000 |
Source:  MIBOR as distributed by MLS GRID #22076967 Report a problem | ||
| 12/16/2025 | Listed for sale | $425,000+53025% |
Source: MIBOR as distributed by MLS GRID #22076967 Report a problem | ||
| 1/10/2007 | Sold | $800 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $700 -14.5% | $29,500 |
| 2024 | $818 -0.2% | $29,500 |
| 2023 | $820 -6.3% | $29,500 |
| 2022 | $875 +885.1% | $29,500 |
| 2021 | $89 -1.7% | $29,500 +883.3% |
| 2020 | $90 -3.1% | $3,000 |
| 2019 | $93 +12.9% | $3,000 |
| 2018 | $83 -22.9% | $3,000 |
| 2017 | $107 +18% | $3,000 |
| 2016 | $91 -85.2% | $3,000 -89.2% |
| 2014 | $615 +1727% | $27,900 +1760% |
| 2013 | $34 | $1,500 |
| 2012 | $34 | $1,500 +400% |
| 2011 | -- | $300 |
| 2010 | $6 -2.5% | $300 |
| 2009 | $6 | $300 |
| 2007 | -- | $300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Martindale-Brightwood
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