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2737 Columbia Avenue

Indianapolis, IN 46205

ActiveListed Nov 4, 2025 · 256 days on market

Key facts

Lot
0.13 acres
Year built
2026
Type
Residential Income · Quadruplex
MLS #
22071846
County
Marion
Subdivision
Schofield Harrison
New construction
Yes

About this home

Proposed New Construction 4-Plex | Monon Yard Introducing a brand-new 4-unit investment opportunity in the highly desirable Monon Yard neighborhood. Each unit features a spacious 3-bedroom, 2-bath layout, ranging from 1,320 square feet, offering modern design, open living spaces, and quality craftsmanship throughout. With projected rents of $1,750 per unit, this property generates strong returns and is ideal for owner-occupants, investors, or house hackers looking to capitalize on Indianapolis's continued growth. Built by Paradigm Construction & Development, a respected local builder committed to quality, transparency, and community impact. Perfectly located just minutes from the $4 billion IU Health Downtown Hospital (scheduled for completion in December 2027) and close to the Monon Trail, Fall Creek Greenway, and Midtown dining and retail, this property combines walkability, convenience, and long-term appreciation potential. Estimated completion: Approximately 7 months from closing and first construction draw. Reach out directly for full specifications, construction timeline, and builder options.

Description provided by the listing brokerage.

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$156 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$4,326per month, estimated
Principal and interest $4,033Property tax $13Insurance $280
20% · $160,000
6.47%
Loan type
Loan term

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.

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Listed at$800,000
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