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2954 Macpherson Avenue, 
Indianapolis, IN 46205

$679,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Daniel Mcneal

@Properties

317-489-3441

Last updated:

May 15, 2026, 09:43 PM

MLS#

22074457

Source:

IN MIBOR

About This Home

2954 Macpherson Avenue

Brand-New 4-Unit Multifamily Building in Monon Yard - in the permit stage. Presenting an exceptional opportunity to own a newly constructed four-unit apartment building located in the growing Monon Yard neighborhood. 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.

Home Facts

Multi-Family

Built in 2026

Price Summary

679,000

MLS #:

22074457

Last Updated:

May 15, 2026, 09:43 PM

Added:

5 month(s) ago


Structure

Structure

Year Built:

2026


Lot

Lot Size (Sq. Ft):

5,662


Finances & Disclosures

Finances

Price:

$679,000

Source:IN MIBOR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.