Proposed New Construction Duplex | Nickel Plate Village Introducing a brand-new Duplex investment opportunity in the highly desirable Fairgrounds neighborhood. Each unit features a spacious 3-bedroom, 2-bath layout, ranging from 1250 to 1374 square feet, offering modern design, open living spaces, and quality craftsmanship throughout. With projected rents of $1,900 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 backs up to newly paved Nickel Plate Trail, State Fairgournds, close to the Monon Trail, Fall Creek Greenway, Broad Ripple 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
$475,000
4237 Evanston Ave, Indianapolis, IN 46205
6beds
6baths
--sqft
Multi Family, Duplex
Built in 2026
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Modern designQuality craftsmanship throughoutOpen living spaces
- 246 days |
- 105 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Zachary Douglas 317-522-7238,
Canull Group LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22071857
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Property
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 490718103682007801
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Condition
- New Construction
- New construction: Yes
- Year built: 2026
Details
- Builder name: Paradigm Constr.
Community & HOA
Community
- Subdivision: Montrose
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $9,500
- Annual tax amount: $320
- Date on market: 11/5/2025
- Cumulative days on market: 246 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/5/2025 | Listed for sale | $475,000+5.6% |
Source: | ||
| 5/28/2025 | Listing removed | $450,000 |
Source: | ||
| 1/27/2025 | Listed for sale | $450,000-53.1% |
Source: | ||
| 12/11/2023 | Listing removed | -- |
Source: | ||
| 9/27/2023 | Listed for sale | $959,999+1180% |
Source: | ||
| 9/18/2023 | Sold | $75,000-25% |
Source: | ||
| 9/7/2023 | Pending sale | $100,000 |
Source: | ||
| 6/30/2023 | Listed for sale | $100,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2015 | $205 +4% | $9,500 |
| 2014 | $198 -7.3% | $9,500 |
| 2013 | $213 | $9,500 |
| 2012 | $213 -62.6% | $9,500 -65.3% |
| 2011 | $570 -2.5% | $27,400 |
| 2010 | $584 +142.1% | $27,400 +201.1% |
| 2006 | $241 -25.4% | $9,100 |
| 2005 | $323 +3.5% | $9,100 |
| 2004 | $312 | $9,100 |
| 2003 | -- | $9,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: Fairgrounds
Nearby schools
GreatSchools rating
- 6/10Rousseau McClellan School 91Grades: PK-5Distance: 0.8 mi
- NAJoyce Kilmer School 69Grades: 6Distance: 1.1 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 1.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Marion County
- Indianapolis
- 46205
- Fairgrounds
- 4237 Evanston Ave



