2954 MacPherson Avenue, Indianapolis, IN 46205

Property Description

Brand-New 4-Unit Multifamily Building in Monon Yard - Under Construction. Presenting an exceptional opportunity to own a newly constructed four-unit apartment building located in the growing Monon Yard neighborhood. Currently under construction, 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, 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.

Listing Status:

Active

Listing Office:

@properties : 317-902-3177

Listing Agent:

Daniel McNeal : 317-902-3177

MLS ID:

22074457

Interior

• Laundry: Connections All
• A/C: Central Air
• Heating: Forced Air

Exterior

• Style: Traditional

Construction

• Roofing: Asphalt
• General: TwoBlock

Location

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

Lot

• Zoning: Meadland Grandview Add L74490730109057000101
• Current Use: Vacant

Financial

• Source: mibor

This listing courtesy of Daniel McNeal, @properties