517 N. Prospect St | Indianapolis, IN 46203
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- LoopNet Team
517 N. Prospect St
Indianapolis, IN 46203
Proposed Duplex · Multifamily Property For Sale
·
2 Units
INVESTMENT HIGHLIGHTS
- Proximity to Major Employers - Eli Lilly, IU Health, and numerous corporate offices within walking distance, ensuring a high-quality tenants.
- Enduring Cash Flow - With premium rental rates and high demand, this asset is set to deliver reliable returns for years.
- Save time and resources with plans and permits in place, investors can break ground immediately, accelerating the path to income.
- Downtown Conveniences - Walkable access to dining, entertainment, and cultural events in Indianapolis’s thriving downtown.
- Market Versatility - Dual-income opportunities via long-term leases and short-term rentals—maximize your investment’s earning potential.
PROPERTY FACTS
| No. Units | 2 | Construction Status | Proposed |
| Property Type | Multifamily | Building Size | 2,490 SF |
| Property Subtype | Apartment | Average Occupancy | 0% |
| Lot Size | 0.06 AC | No. Stories | 4 |
| Zoning | D8 - In Indianapolis, the D-8 zoning district is designated for high-density residential development, primarily accommodating multifamily dwellings | ||
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.06 AC |
| Construction Status | Proposed |
| Building Size | 2,490 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Zoning | D8 - In Indianapolis, the D-8 zoning district is designated for high-density residential development, primarily accommodating multifamily dwellings |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Bay Window
- Ceiling Fans
- Granite Countertops
- Ice Maker
- Oven
- Stainless Steel Appliances
- Carpet
- Basement
- Double Pane Windows
- Freezer
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 2 | $3,100 | 1,140 - 1,350 |
PROPERTY TAXES
| Parcel Number | 49-11-12-101-010.000-101 | Improvements Assessment | $0 |
| Land Assessment | $5,900 | Total Assessment | $5,900 |
PROPERTY TAXES
Parcel Number
49-11-12-101-010.000-101
Land Assessment
$5,900
Improvements Assessment
$0
Total Assessment
$5,900
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