Multifamily Development
For Sale
$200,000
2181 N Capitol Avenue, Indianapolis, IN 46202
Indianapolis, IN
Property SizeContact for details
Lot Size0.24 Acres
Days on Market45
Property Features for 2181 N Capitol Avenue
General Information
Property type
Land
Property subtype
Other
Subdivision
106 North
Standard status
Active
Lot size
0.24 Acres
Listing Agency:
Engel & Volkers Indianapolis · Engel & Völkers
(317) 585-3575
Listed By:
Matthew Steed
Added: Jul 15
Changed: Aug 19
Last Checked: Aug 28 at 9:06PM
MLS# 22068132
Copyright © 2026 Engel & Völkers. 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 vacant residential development lot is offered for sale with zoning D8 allowing multifamily construction. The site is approximately 0.24 acres, with about 60 feet of frontage and 150 feet of depth, and is positioned as a straightforward parcel for planning a townhome, duplex, or small apartment-style project configuration.
The property is located at 2181 N Capitol Avenue in Indianapolis, in the Near North corridor. The public remarks indicate proximity to IU Health’s Downtown Hospital and Methodist Campus expansion, with the project referenced as opening in 2027, and the area is described as undergoing ongoing redevelopment. The remarks also note access to downtown Indianapolis, I-65 and I-70, and the 16th Street commercial corridor.
For tenants, this type of infill multifamily development can support housing needs near major employment and institutional uses. For developers and investors, the combination of D8 zoning, nearby city utilities, and an established urban corridor location may support a range of small-format multifamily layouts sized to the site’s frontage and depth.
The property is located at 2181 N Capitol Avenue in Indianapolis, in the Near North corridor. The public remarks indicate proximity to IU Health’s Downtown Hospital and Methodist Campus expansion, with the project referenced as opening in 2027, and the area is described as undergoing ongoing redevelopment. The remarks also note access to downtown Indianapolis, I-65 and I-70, and the 16th Street commercial corridor.
For tenants, this type of infill multifamily development can support housing needs near major employment and institutional uses. For developers and investors, the combination of D8 zoning, nearby city utilities, and an established urban corridor location may support a range of small-format multifamily layouts sized to the site’s frontage and depth.
Key Highlights
- Prime location steps from the $1.6‑billion IU Health Downtown Hospital expansion (opening 2027), creating strong rental/resale demand.
- Zoned D‑8, supporting multi‑family development (townhomes, duplexes, apartments).
- Vacant 0.24‑acre infill lot with 60 ft frontage x 150 ft depth, a rare opportunity in a growing area.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,702
Businesses Nearby
Explore this area
Business Placement
Demographics for 46202, IN
22,217
Population
12,297
Households
1.8
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
4,039
Density / Sq Mi
$61,082
Median Household Income
$40,499
Median Earnings
$1,258
Median Rent
$420,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant infill lot with multifamily zoning and utility access near IU Health’s downtown campus expansion.
Where is this residential land & home lot located?
The property is located at 2181 N Capitol Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Prime location steps from the $1.6‑billion IU Health Downtown Hospital expansion (opening 2027), creating strong rental/resale demand.; Zoned D‑8, supporting multi‑family development (townhomes, duplexes, apartments).; Vacant 0.24‑acre infill lot with 60 ft frontage x 150 ft depth, a rare opportunity in a growing area.
