2731 Columbia Avenue, Indianapolis, IN 46205

Property Description

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 1,395 to 1,497 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. ask for full specifications, construction timeline, and builder options.

Listing Status:

Active

Listing Office:

Canull Group LLC : 317-522-7238

Listing Agent:

Zachary Douglas : 317-522-7238

MLS ID:

22071780

Location

• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: Schofield Harrison & Co Add L23 B2490730123057000101
• Current Use: See Remarks

Financial

• Source: mibor

This listing courtesy of Zachary Douglas, Canull Group LLC