Proposed Duplex 517 N. Prospect St

517 N Prospect Street presents the investment opportunity to construct a high-end, Downtown Indianapolis duplex.

Here’s your chance to own a pre-permitted and fully designed high-end duplex in the heart of downtown Indianapolis, allowing you to break ground immediately upon closing. With everything ready to go, this property is a rare turnkey opportunity for investors seeking to maximize returns in a prime urban market.

This premium duplex offers three bedrooms, three bathrooms, a basement, and a luxurious living space on the top floor of each unit. Located just steps away from Eli Lilly's headquarters—a Fortune 50 company—and within close proximity to Indianapolis’s downtown attractions, this property is designed with the end user in mind, making it a lucrative asset for decades to come.

517 N Prospect Street is pre-permitted and ready to build. With plans and permits already in place, investors can save time and resources. They can break ground immediately, accelerating the path to generating rental income.

This premium location is within walking distance of Downtown Indy's dining, entertainment, and cultural attractions. It is also just a stone’s throw from Eli Lilly Headquarters and IU Health campuses, providing unmatched access to major employers and amenities.

The high-end finishes and thoughtfully crafted layouts cater to professionals, executives, and discerning tenants. There is rental potential to lease both units for $3,000+ per month to Eli Lilly scientists, executives, or other professionals in this thriving urban hub.

The proposed duplex may also offer short-term rental options, as one unit can easily be furnished for short-term use to capitalize on Indianapolis's vibrant events calendar, which includes sports games, concerts, conventions, and more.

Why invest?

With all designs and permits in place, investors can hit the ground running with this turnkey opportunity and start construction immediately. Downtown Indianapolis is a high-demand area experiencing rapid growth, with premium rental demand fueled by corporate and healthcare professionals.

The dual-income potential exists because of the flexibility to choose between long-term tenants or lucrative short-term rentals to optimize cash flow.

This ready-to-build investment offers a unique opportunity to own a trophy asset in one of the Midwest’s most dynamic urban markets. Whether you’re building your portfolio or seeking a property with unmatched income potential, this duplex is the perfect fit. Contact us today for more details and to secure this exceptional investment.