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About This Home

This 0-bedroom, 0-bathroom multi-family at 2954 MacPherson Avenue in Indianapolis, IN is listed for $679,000. Built in 2026, on a 0.13 acres lot.

Agent 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.

Key Features

  • Built in 2026
  • 0.13 acre lot

Property Details

2026

Monthly Cost Estimate

$3,631/mo

20% down · 6.5% · 30 years

Principal$491
Interest$2,942
Insurance$198

Estimates only. Actual payments may vary.

Location

2954 MacPherson Avenue

Indianapolis, IN 46205

Meadland Grandview

Property Details

Construction

Wood Siding

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 2954 MacPherson Avenue is listed at $679,000. The estimated monthly payment is $2,942 based on 20% down at 6.5% interest.

Key features include: Built in 2026, 0.13 acre lot.

This property is listed by Daniel McNeal and can be reached at 3179023177 or dan@atpropertiesind.com.

DM

Daniel McNeal

Agent at @properties

(317) 902-3177

Listed by @properties · View on Broker Site

MLS# 22074457· Source: listhub· Updated 137 days ago

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2954 MacPherson Avenue, Indianapolis, IN 46205

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