Brand-New 4-Unit Multifamily Quadplex in Monon Yard - in the permit stage. Construction will begin in June. Presenting an exceptional opportunity to own a newly constructed four-unit apartment building located in the growing Monon Yard neighborhood. This purpose-built multifamily asset is designed for strong rental performance, modern tenant appeal, and low-maintenance long-term ownership. Each of the four units offers 983 square feet of well-planned living space, providing a highly rentable layout. With all units delivered new, buyers can expect reduced operating costs, minimal maintenance, and strong demand from tenants seeking modern living near one of Indy's most active redevelopment corridors. Drawings are in supplements. Photos are from a recently completed unit. Location Highlights: * Close proximity to the Monon Trail * Easy access to Downtown Indianapolis, Broad Ripple, IU Health and major employment centers * Surrounded by continued investment and new residential development * Walkable and bike-friendly area with improving amenities This is a rare chance to acquire a brand-new four-unit building. Ideal for investors seeking stable long-term returns, low vacancy potential, and a property positioned for strong appreciation. This is also an excellent opportunity for an owner occupant to reside in one unit and rent the others.
Pending
$679,000
2910 Macpherson Ave, Indianapolis, IN 46205
8beds
8baths
--sqft
Multi Family, Quadruplex
Built in 2026
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Modern living
- 25 days |
- 258 |
- 20 |
Zillow last checked:
Listing updated:
Listed by:
Daniel McNeal 317-902-3177,
@properties
Source: MIBOR as distributed by MLS GRID,MLS#: 22107322
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Connections All
Features
- Has basement: No
Property
Parking
- Details: Unit Parking(Unpaved)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,662 Square Feet
Details
- Parcel number: 490730109023000101
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Quadruplex
Materials
- Wood Siding
- Foundation: Block
- Roof: Asphalt
Condition
- Under Construction,New Construction
- New construction: Yes
- Year built: 2026
Details
- Builder name: Arcadia 1 Dev.
Community & HOA
Community
- Subdivision: Meadland Grandview
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $26,300
- Annual tax amount: $624
- Date on market: 6/11/2026
- Cumulative days on market: 24 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Pending sale | $679,000 |
Source: | ||
| 6/11/2026 | Listed for sale | $679,000+748.8% |
Source: | ||
| 1/9/2026 | Sold | $80,000+400% |
Source: Public Record Report a problem | ||
| 9/14/2018 | Sold | $16,000-13.5% |
Source: | ||
| 8/30/2018 | Pending sale | $18,500 |
Source: GB Landrigan & Company #21549760 Report a problem | ||
| 7/5/2018 | Listed for sale | $18,500 |
Source: GB Landrigan & Company #21549760 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $624 -14.5% | $26,300 |
| 2024 | $730 +496.3% | $26,300 |
| 2023 | $122 -6.3% | $26,300 +497.7% |
| 2022 | $131 +0.2% | $4,400 |
| 2021 | $130 -1.7% | $4,400 |
| 2020 | $133 -3% | $4,400 |
| 2019 | $137 +12.9% | $4,400 |
| 2018 | $121 +5.4% | $4,400 |
| 2017 | $115 -13.7% | $4,400 |
| 2016 | $133 +40% | $4,400 |
| 2014 | $95 -3.6% | $4,400 |
| 2013 | $99 | $4,400 |
| 2012 | $99 | $4,400 -38% |
| 2011 | -- | $7,100 |
| 2010 | $148 -2.5% | $7,100 |
| 2009 | $151 | $7,100 |
| 2007 | -- | $7,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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
Nearby schools
GreatSchools rating
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 0.6 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 1.1 mi
- 4/10Center for Inquiry School 27Grades: PK-5Distance: 1.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Marion County
- Indianapolis
- 46205
- Martindale-Brightwood
- 2910 Macpherson Ave





