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4613 W Caven Street

Indianapolis, IN 46241

ActiveListed Jul 9, 2026 · 1 day on market

Key facts

Lot
0.11 acres
Type
Land · Residential Lots
MLS #
22113133
County
Marion
Subdivision
Drexel Gardens

About this home

Rare opportunity to acquire a nine-lot residential infill package in an established Indianapolis neighborhood. The offering includes five adjoining vacant lots that create a strong foundation for a coordinated new-construction project, plus four additional nearby homesites along the same street that add flexibility for individual builds, phased construction, or future resale. This is an ideal opportunity for a builder, developer, or investor to secure multiple buildable lots in one transaction without the cost and timeline of a large raw-land development. Surrounded by existing homes and conveniently located near major roadways, downtown Indianapolis, Indianapolis International Airport, and west-side employment centers, the package is well positioned for attainable new housing. A flexible, ready-to-plan land opportunity for a buyer looking to add meaningful scale to their next Indianapolis build.

Description provided by the listing brokerage.

Exterior

Other structures
Not Applicable

Systems

Sewer
Not Applicable

Lot and HOA

Zoning
D5

Schools

School district
MSD Wayne Township

Taxes

Estimated annual tax
$104 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$143per month, estimated
Principal and interest $126Property tax $9Insurance $9
20% · $4,980
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$24,900
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