Under-Construction
For Sale
$800,000
1623 N Arsenal Avenue, Indianapolis, IN 46218
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.13 Acres
Days on Market46
Property Features for 1623 N Arsenal Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 3
Subdivision
No Subdivision
High school
Arsenal Technical High School
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Standard status
Active
APN
490731188144000101
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Indianapolis Car Co Add L21 B6
Tax Annual Amount
110
Legal Description
Indianapolis Car Co Add L21 B6
Amenities
private entrance
Building Details
Year built
2026
Number of units
4
Listing Agency:
Neu Real Estate Group
(317) 572-9000
Listed By:
Alec Neu · License #RB26000583
(317) 710-9743
Added: Aug 5
Changed: Sep 14
Last Checked: Sep 19 at 1:06AM
MLS# 22118381
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex is under construction with four separately entered residences, each offering two bedrooms, two and a half bathrooms, and 1,320 square feet. Interior plans include open-concept living areas, contemporary kitchens, clean finishes, and two oversized bedrooms measuring approximately 16' x 11' in each unit. The property sits on a 0.13-acre lot and is scheduled for completion in 2026.
The property is located near parks, local shops, dining, and downtown Indianapolis, providing access to nearby recreational, retail, dining, and urban destinations. Its four-unit configuration and consistent floor plans create a clearly defined multifamily layout.
The property is located near parks, local shops, dining, and downtown Indianapolis, providing access to nearby recreational, retail, dining, and urban destinations. Its four-unit configuration and consistent floor plans create a clearly defined multifamily layout.
Key Highlights
- Four‑unit quadplex with 2 bedrooms and 2.5 bathrooms per residence
- Each unit contains 1,320 square feet of living space
- Two oversized bedrooms per unit, each approximately 16' x 11'
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 46218, IN
30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four contemporary residences feature private entries, open layouts, and modern kitchens within a planned 2026 multifamily property.
Where is this quadplex located?
The property is located at 1623 N Arsenal Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2 bedrooms and 2.5 bathrooms per residence; Each unit contains 1,320 square feet of living space; Two oversized bedrooms per unit, each approximately 16' x 11'
