Key facts
- Lot
- 7.5 acres
- Type
- Land · Unimproved Land
- MLS #
- 22127118
- County
- Marion
- Subdivision
- No Subdivision
About this home
Prime Multifamily Development Opportunity - 128 Units Approved Excellent location just off Emerson Avenue, with approvals in place for 128 apartment units, including a clubhouse and swimming pool. The property consists of approximately 7.5 acres and is zoned D-6II. Ideally located just minutes from Costco, Greenwood, major highways, shopping, dining, and significant new development throughout the surrounding area. Property Highlights: Approved for 128 apartment units Approximately 7.5 acres D-6II zoning Planned clubhouse and pool Approximately 2 minutes from Costco Convenient access to Greenwood and major highways Strong development activity in the surrounding area Open to an outright sale or Joint Venture (JV) Serious and qualified buyers/investors only.
Description provided by the listing brokerage.
Exterior
- Other structures
Systems
- Sewer
Lot and HOA
- Zoning
- Residential, multifamily
Schools
- School district
- Perry Township Schools
Taxes
- Estimated annual tax
- $4,580 / 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.
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