517 Prospect Street, Indianapolis, IN 46203
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
517 Prospect Street,Indianapolis, IN 46203
$750,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:tyler willis
Office:@properties
MLS#:22047411
Source:IN_MIBOR
Price summary
- Price:$750,000
About this home
Proposed New Construction Duplex in the Heart of Downtown Indianapolis! Discover a rare opportunity to own a brand-new, high-performing duplex just steps from everything downtown Indy has to offer. Built by Paradigm Construction-one of the Midwest's premier builders known for quality craftsmanship and forward-thinking design-this project offers the perfect blend of investment potential and modern urban living. Ideally positioned between the southeast corridor of Downtown, Fountain Square, and Bates-Hendricks, the location offers unmatched access to some of Indy's most vibrant neighborhoods. Whether you're an owner-occupant looking to offset your mortgage with rental income, or a seasoned investor seeking a sleek addition to your portfolio, this property delivers. Each side of the duplex features 3 spacious levels with 3 bedrooms, 2.5 bathrooms, private balconies with views of the Eli Lilly campus and downtown skyline, and premium finishes throughout. Highlights include quartz countertops, stainless steel appliances, LVP flooring, modern designer touches, and 4-car off-street parking. Projected long-term rental rates range from $3,000-$3,500 per unit per month-or even more with the right short-term rental strategy! Construction is ready to begin, with the opportunity for buyers to select finishes and customize final details. Break ground now and be ready just in time for next spring and summer's peak rental season!
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Home facts
- Year built:2026
- Listing ID #:22047411
- Added:470 day(s) ago
- Updated:September 25, 2025 at 01:28 PM
Structure and exterior
- Year built:2026
- Lot area:0.06 Acres
Finances and disclosures
- Price:$750,000
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