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  • Price cut: $25K (7/16)
    $800,000

    2731 Columbia Ave, Indianapolis, IN 46205

    3beds
    3baths
    --sqft
    : 
    $5,386/mo
    Get pre-qualified
    Multi Family, Quadruplex
    Built in 2026
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Modern designQuality craftsmanshipOpen living spaces
    Proposed New Construction 4-Plex | Monon Yard Introducing a brand-new 4-unit investment opportunity in the highly desirable Monon Yard neighborhood. Each unit features a spacious 3-bedroom, 2-bath layout, ranging from 1,395 to 1,497 square feet, offering modern design, open living spaces, and quality craftsmanship throughout. With projected rents of $1,750 per unit, this property generates strong returns and is ideal for owner-occupants, investors, or house hackers looking to capitalize on Indianapolis's continued growth. Built by Paradigm Construction & Development, a respected local builder committed to quality, transparency, and community impact. Perfectly located just minutes from the $4 billion IU Health Downtown Hospital (scheduled for completion in December 2027) and close to the Monon Trail, Fall Creek Greenway, and Midtown dining and retail, this property combines walkability, convenience, and long-term appreciation potential. Estimated completion: Approximately 7 months from closing and first construction draw. ask for full specifications, construction timeline, and builder options.
    262 days
    |
    78
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Zachary Douglas 317-522-7238,

    Canull Group LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22071780MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3

      Property

      Lot
      • Size: 5,662 Square Feet
      Details
      • Parcel number: 490730123057000101

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Quadruplex
      Condition
      • New Construction
      • New construction: Yes
      • Year built: 2026
      Details
      • Builder name: Paradigm Constr.

      Community & HOA

      Community
      • Subdivision: Schofield Harrison
      Location
      • Region: Indianapolis

      Financial & listing details

      • Tax assessed value: $6,600
      • Annual tax amount: $156
      • Date on market: 11/5/2025
      • Cumulative days on market: 265 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/16/2026Price change$800,000-3%
        Source: MIBOR as distributed by MLS GRID #22071780 Report a problem
        11/5/2025Listed for sale$825,000+2900%
        Source: MIBOR as distributed by MLS GRID #22071780 Report a problem
        6/22/2022Sold$27,500-8.3%
        Source: Public Record Report a problem
        5/11/2022Pending sale$30,000
        Source: MIBOR as distributed by MLS GRID #21852853 Report a problem
        5/3/2022Listed for sale$30,000
        Source: MIBOR as distributed by MLS GRID #21852853 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$157 +0.1%$6,600
        2024$157 $6,600
        2023-- $6,600
        2022-- $6,600
        2021-- $6,600 +164%
        2020-- $2,500
        2019$60 +12.2%$2,500
        2018$53 +2.2%$2,500
        2017$52 -5.7%$2,500
        2016$55 +1.9%$2,500
        2014$54 -3.6%$2,500
        2013$56 $2,500
        2012$56 $2,500 -37.5%
        2011-- $4,000
        2010$83 -2.4%$4,000
        2009$85 $4,000
        2007-- $4,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.

        Climate risks

        Neighborhood: Martindale-Brightwood

        Getting around

        40 / 100
        Car-Dependent
        39 / 100
        Some Transit
        65 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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