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.
Active
$800,000
2737 Columbia Ave, Indianapolis, IN 46205
3beds
3baths
--sqft
Multi Family, Quadruplex
Built in 2026
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Modern designQuality craftsmanshipOpen living spaces
- 307 days
- 68
- 7
Zillow last checked:
Listing updated:
Listed by:
Zachary Douglas 317-522-7238,
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: 309 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Price change | $800,000-3% |
Source: | ||
| 11/5/2025 | Listed for sale | $825,000+6035.2% |
Source: | ||
| 1/28/2010 | Sold | $13,447 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $157 +0% | $6,600 |
| 2024 | $157 | $6,600 |
| 2023 | -- | $6,600 |
| 2022 | -- | $6,600 |
| 2021 | -- | $6,600 +164% |
| 2020 | $59 -0.9% | $2,500 |
| 2019 | $60 | $2,500 |
| 2018 | -- | $2,500 |
| 2017 | -- | -- |
| 2016 | -- | -- |
| 2014 | -- | -- |
| 2009 | $100 | $4,500 -81.1% |
| 2007 | -- | $23,800 |
Find assessor info on the county website
Monthly payment
Est. payment




