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 1,320 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. Reach out directly for full specifications, construction timeline, and builder options.
260 days
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64
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3
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Zillow last checked:
Listing updated:
Listed by:
Zachary Douglas317-522-7238,
Canull Group LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22071846
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Property
Lot
Size: 5,662 Square Feet
Details
Parcel number: 490730123059000101
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: 263 days
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/16/2026
Price change
$800,000-3%
Source: MIBOR as distributed by MLS GRID #22071846Report a problem
11/5/2025
Listed for sale
$825,000+6035.2%
Source: MIBOR as distributed by MLS GRID #22071846Report 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.
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