New-Construction Triplex With
New
For Sale
$1,200,000
1651-1655 Lexington Avenue, Indianapolis, IN 46203
MULTI_FAMILY - Other - Indianapolis, IN
Property SizeContact for details
Days on Market3
Property Features for 1651-1655 Lexington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Property condition
Under Construction
Parking features
Open
Exterior features
Balcony
Subdivision
Fountain Square
Elementary school
William McKinley School 39
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
000000000000000001
Taxes and HOA fees
Tax Year
2026
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
2025
Floors in Building
3
Number of units
3
Building materials
Cement Siding, Stone
Roof type
Flat
Architectural style
Other
Listing Agency:
Trueblood Real Estate
(317) 288-5148
Listed By:
Joshua Carpenter · License #RB15001602
(317) 679-6330
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 5 at 3:06AM
MLS# 22117974
Copyright © 2026 MIBOR Service Corporation. 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 three-unit residential property is under construction and scheduled for completion in 2025. Each townhome-style residence offers two bedrooms and 3.5 bathrooms, along with an attached one-car garage. Balconies provide additional exterior space, while cement siding and stone form the exterior palette. The building will feature a flat roof and contemporary interior finishes.
Located at 1651-1655 Lexington Avenue in Indianapolis, the property is near Fountain Square. Building systems include natural gas forced-air heating and central air conditioning. Open parking is also provided. The configuration combines three individually arranged residences within one multifamily asset, with consistent layouts and shared construction characteristics across the units.
Located at 1651-1655 Lexington Avenue in Indianapolis, the property is near Fountain Square. Building systems include natural gas forced-air heating and central air conditioning. Open parking is also provided. The configuration combines three individually arranged residences within one multifamily asset, with consistent layouts and shared construction characteristics across the units.
Key Highlights
- Three‑unit townhome‑style multifamily property under construction
- Each unit includes 2 bedrooms and 3.5 bathrooms
- Attached 1 car garage provided for each unit
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 46203, IN
38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence includes an attached garage, balcony, and contemporary interior finishes.
Where is this triplex located?
The property is located at 1651-1655 Lexington Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three‑unit townhome‑style multifamily property under construction; Each unit includes 2 bedrooms and 3.5 bathrooms; Attached 1 car garage provided for each unit
