New-Construction Townhome
For Sale
$1,200,000
1651-1655 Lexington Avenue, Indianapolis, IN 46203
Residential Income, Indianapolis, IN
Property SizeContact for details
Days on Market56
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 28
Last Checked: Sep 27 at 6:06PM
MLS# 22117974
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 under-construction multifamily property is configured as a three-unit apartment building comprising attached townhomes. Each residence includes two bedrooms, three and one-half baths, and an attached one-car garage. Balconies extend the living areas, while cement siding and stone provide the exterior finish. Interior specifications include forced-air heating fueled by natural gas and central air conditioning.
Located at 1651-1655 Lexington Avenue in Indianapolis, the property is near Fountain Square. The 2025 construction offers a recently built configuration for residential income use, with open parking also provided. A flat roof completes the building design.
Located at 1651-1655 Lexington Avenue in Indianapolis, the property is near Fountain Square. The 2025 construction offers a recently built configuration for residential income use, with open parking also provided. A flat roof completes the building design.
Key Highlights
- Three‑unit apartment building configured as attached townhomes
- Each unit has 2 bedrooms and 3.5 baths
- Attached 1‑car garage for each unit
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
978
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
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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?
Triplex - Three attached residences offer private garages, balconies, and contemporary apartment-style living near Fountain Square.
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 apartment building configured as attached townhomes; Each unit has 2 bedrooms and 3.5 baths; Attached 1‑car garage for each unit
