4237 Evanston Avenue Indianapolis, IN $ 450,000
4237 Evanston Avenue
$ 450,000
New Construction
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4237 Evanston Avenue

Indianapolis, IN, 46205
$ 450,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 3,108

4237 Evanston Avenue, Indianapolis, IN 46205 - Image 1
4237 Evanston Avenue, Indianapolis, IN 46205 - Image 2
4237 Evanston Avenue, Indianapolis, IN 46205 - Image 3
4237 Evanston Avenue, Indianapolis, IN 46205 - Image 4

Multi-Family Home for sale in Indianapolis, IN

for $450,000. This home was built in 2026 on a lot size of 0.12.

Proposed New Construction Duplex | Nickel Plate Village Introducing a brand-new Duplex investment opportunity in the highly desirable Fairgrounds neighborhood. Each unit features a spacious 3-bedroom, 2-bath layout, ranging from 1250 to 1374 square feet, offering modern design, open living spaces, and quality craftsmanship throughout. With projected rents of $1,900 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 backs up to newly paved Nickel Plate Trail, State Fairgournds, close to the Monon Trail, Fall Creek Greenway, Broad Ripple 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.

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Multi-Family Active

Price

$ 450,000

Property Type

Multi-Family

Taxes

$ 320

Style

Lot Size

0.12

Year Built

2026

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22071857

Features
General
Possession Closing
Year Built 2026
Township Washington
Property Subtype Duplex
Tax Year 2024
Current Use See Remarks
County Marion
New Construction Y
Property Type Residential Income
Subdivision Name Montrose
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4903 - Marion - Washington
Lot Size Square Feet 5200
Builder Name Paradigm Constr.
Standard Status Active
Tax Lot 8064583
Legal Description Montrose L421
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Exterior
Lot Size Acres 0.12
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* Excluded Features
List By
Canull Group Llc

Broker

z.douglas@buildwithparadigm.com

Email

Affordability Calculator

$3,135
Per Month
99%
1%
0%
Monthly Principal & Interest
$3,108
Monthly Property Taxes
$27
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/16/2026$450,000 -5.26% Price Down
11/5/2025$475,000 Listed Price

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4237 Evanston Avenue, Indianapolis, IN, 46205 is a Multi-Family Home for sale at $450,000 with a lot size of 0.12. 4237 Evanston Avenue has 0.0 baths and was built in 2026. The property's zip code is 46205 which is in Indianapolis, IN