2902 N Capitol Avenue, Indianapolis, IN 46208

Property Description

Shovel-ready multifamily opportunity on Indy's North Side. This 18,000 sq ft lot at 3902 N Capitol Ave is zoned D8 and fully approved for a 9-unit luxury condo project-a rare turnkey setup in a rapidly appreciating corridor. Plans include eight spacious 2-bed, 2-bath units plus a standout 3-bed, 3-bath penthouse. Ideal for developers seeking a high-margin infill project with design and zoning hurdles already cleared. Utilities available at site, and construction estimates are ready for qualified buyers. Property highlights: 18,000 sq ft lot zoned D8 for multifamily use Approved plans for 9 upscale residential units Penthouse design with premium layout and finishes All 2BR/2BA units designed for modern living Central location with easy access to downtown, Fall Creek, and major transit Walkable to Tarkington Park, Ivy Tech, and Butler-Tarkington area This section of Capitol Ave is attracting serious investment-and this project is poised to be part of that transformation. The hard part is done. Bring your builder and realize the upside. Price includes land and approved plans. Construction not included.

Listing Status:

Active

Data Last Updated:

July 6, 2026 at 6:17AM

Listing Office:

No Limit Real Estate, LLC : 317-440-2149

Listing Agent:

Charlene Gaard : 317-440-2149

MLS ID:

21979922

Exterior

• General: Not Applicable

Location

• Road/Access: NotApplic
• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Topography: Cleared
• Zoning: D8Burton & Campbells Park Pl L28490626190076000101

Utilities

• Water: Not Applic
• Sewer: Not Applicable

Financial

• Source: mibor