Unbelievable Turnkey New Construction Quadplex! Strong Cash Flow & Upside Unit Mix: 2 bed/2.5 bath per unit x4 Units! Projected Monthly Rent: $1,841 (2x2.5) / $7,364 Gross Monthly Total. Units: 2 Step into this new construction townhome style quadplex in the revitalizing near eastside neighborhood, one of Indianapolis' fastest growing corridors for residential and mixed-use development. This Quad is designed for strong cash flow, long-term appreciation, and excellent tax advantages. Neighborhood highlights - Near Northside sits immediately north of downtown Indianapolis-just minutes from Mass Ave, Fall Creek Place, and the city's business and healthcare districts. Reagan Park Neighborhood offers convenient access to I-65 and Meridian Street, connecting residents to all parts of the metro area within minutes. Near Northside is a diverse, historic, and strategically located neighborhood just north of downtown Indianapolis. Known for its deep community roots, early 20th-century architecture, and steady revitalization efforts, the area offers a blend of legacy charm and urban opportunity. With a mix of legacy housing stock and infill development potential, the area is well-positioned for both cash-flowing assets and long-term appreciation. Tenant demand driven by workforce housing, student housing, and new amenities. Consistent rent growth projected with stable operating expenses. Why Invest Here? This duplex offers investors: 1. New construction peace of mind - minimal maintenance, modern finishes. 2. Attractive returns in a market with limited new build inventory. 3. Generous depreciation & tax benefits to offset income. 4. Great neighborhood with rising property values and planned redevelopment. Please Reach out to our Investment team
191 days
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268
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18
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Zillow last checked:
Listing updated:
Listed by:
Alec Neu317-258-3080,
Neu Real Estate Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22080153
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 12
Appliances
Laundry: Connections All, Laundry Room
Features
Has basement: No
Property
Features
Levels: Two
Stories: 2
Lot
Size: 5,662 Square Feet
Details
Parcel number: 490625187186000101
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family, Quadruplex
Condition
New Construction
New construction: Yes
Year built: 2026
Details
Builder name: Ipa
Community & HOA
Community
Subdivision: Reagan Park
Location
Region: Indianapolis
Financial & listing details
Tax assessed value: $30,500
Annual tax amount: $724
Date on market: 1/15/2026
Cumulative days on market: 193 days
Road surface type: Asphalt
Estimated market value
Zestimate®
$826,400
Estimated sales range
$785,000 - $868,000
Rent Zestimate®
$2,267/mo
Price history
Date
Event
Price
1/15/2026
Listed for sale
$850,000+930.3%
Source: MIBOR as distributed by MLS GRID #22080153Report a problem
1/8/2026
Sold
$82,500-2.9%
Source: MIBOR as distributed by MLS GRID #22067587Report a problem
10/20/2025
Pending sale
$85,000
Source: MIBOR as distributed by MLS GRID #22067587Report a problem
10/10/2025
Listed for sale
$85,000
Source: MIBOR as distributed by MLS GRID #22067587Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.