Proposed New Construction Duplex | 517 Prospect St - Downtown Indianapolis / Eli Lilly District Modern new-build duplex by Paradigm Construction & Development, ideally located just south of Eli Lilly HQ and the downtown core. Each two-story home (with basement) offers 3 bedrooms, 2.5 baths, open living space. Located just south of Eli Lilly HQ and minutes from Gainbridge Fieldhouse and Lucas Oil Stadium-prime for savy, short-term rental owner, investor or owner occupancy. This site sits in one of Indy's strongest growth corridors-perfect for an owner-occupant, house hacker, or short-term-rental investor. Walkable to Fountain Square, Virginia Ave corridor, and the Cultural Trail.
Active
$750,000
517 Prospect St, Indianapolis, IN 46203
6beds
6baths
--sqft
Multi Family, Duplex
Built in 2026
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Open living space
- 196 days |
- 280 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Zachary Douglas 317-522-7238,
Canull Group LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22071863
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Property
Lot
- Size: 2,613 Square Feet
Details
- Parcel number: 491112101010000101
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: Hendricks
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $4,800
- Annual tax amount: $164
- Date on market: 12/29/2025
- Cumulative days on market: 329 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 1/16/2026 | Price change | $750,000+7.1% |
Source:  MIBOR as distributed by MLS GRID #22071863 Report a problem | ||
| 12/29/2025 | Listed for sale | $700,000-6.7% |
Source: MIBOR as distributed by MLS GRID #22071863 Report a problem | ||
| 11/4/2025 | Listing removed | $750,000 |
Source: MIBOR as distributed by MLS GRID #22047411 Report a problem | ||
| 6/27/2025 | Listed for sale | $750,000 |
Source: MIBOR as distributed by MLS GRID #22047411 Report a problem | ||
| 8/12/2024 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21984407 Report a problem | ||
| 6/11/2024 | Listed for sale | $750,000+581.8% |
Source: MIBOR as distributed by MLS GRID #21984407 Report a problem | ||
| 12/16/2022 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21879908 Report a problem | ||
| 9/23/2022 | Price change | $110,000-12% |
Source: MIBOR as distributed by MLS GRID #21879908 Report a problem | ||
| 8/26/2022 | Listed for sale | $125,000 |
Source: MIBOR as distributed by MLS GRID #21879908 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $134 +0.4% | $4,800 |
| 2024 | $133 -0.2% | $4,800 |
| 2023 | $133 +2.3% | $4,800 |
| 2022 | $131 +0.2% | $4,800 +9.1% |
| 2021 | $130 -1.7% | $4,400 |
| 2020 | $133 -3.1% | $4,400 |
| 2019 | $137 +12.9% | $4,400 |
| 2018 | $121 -23.4% | $4,400 |
| 2017 | $158 +18.7% | $4,400 |
| 2016 | $133 +3.6% | $4,400 |
| 2014 | $129 | $4,400 -61.1% |
| 2011 | -- | $11,300 |
| 2010 | $235 -2.5% | $11,300 |
| 2009 | $241 | $11,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Near Southside
Nearby schools
GreatSchools rating
- 7/10Center for Inquiry School 2Grades: K-5Distance: 1.7 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 3.4 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.8 mi
- $319,3003 bd1 ba1.3k sqft521 Prospect St, Indianapolis, IN 46203Off Market
- $145,0005 bd0 ba1.7k sqft525 Prospect St, Indianapolis, IN 46203Off Market
- $211,100-- bd-- ba-- sqft517 Prospect St, Indianapolis, IN 46203Off Market
- $9,500-- bd-- ba-- sqft511 Prospect St, Indianapolis, IN 46203Off Market
- $263,3002 bd2 ba1.5k sqft529 Prospect St, Indianapolis, IN 46203Off Market
- $129,2002 bd1 ba2k sqft533 Prospect St, Indianapolis, IN 46203Off Market
- $---- bd-- ba-- sqft518 Prospect St APT C, Indianapolis, IN 46203Off Market
- $--2 bd1 ba750 sqft522 Prospect St APT 2, Indianapolis, IN 46203Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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