Key facts
- Lot
- 0.23 acres
- Type
- Land · Unimproved Land
- MLS #
- 21980591
- County
- Marion
- Subdivision
- Hyde Park
About this home
CITY APPROVED FOR 10 UNITS - D8 DEVELOPMENT OPPORTUNITY! Excellent multifamily infill opportunity near Downtown Indianapolis with city approval for a 10-unit residential development. Approximately 9,886 square feet of cleared land with D8 zoning. The site was previously comprised of three tax parcels, which the owner reports have now been consolidated into one parcel; tax records are expected to reflect the consolidation in January. Convenient location near Downtown, IU Health Methodist Hospital, Ivy Tech, Riverside Park and major transportation corridors. Former gas-station site with prior IDEM environmental clearance reported by seller. At the current asking price, land cost is approximately $26,990 per approved unit. Ideal opportunity for a multifamily builder or investor seeking an approved urban infill project. Buyer to verify approvals, zoning, parcel consolidation, utilities, environmental documentation and all development requirements.
Description provided by the listing brokerage.
Exterior
- Other structures
Systems
- Sewer
Lot and HOA
- Zoning
- Commercial
Schools
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $700 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
Talk to a lender we trust