2902 N Capitol Avenue Indianapolis, IN 46208

Listing Agency: No Limit Real Estate, LLC c***@aol.com Show Phone

Listed By: Charlene Gaard · License #RB14033327 Show Phone

Added: May 16, 2024 Changed: Jun 16 Last Checked: Jul 27 at 7:06AM

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MLS# 21979922

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Investment Insights

Based on property information with market context.

This 0.41-acre lot presents a shovel-ready multifamily opportunity on Indianapolis' North Side. Located at 3902 N Capitol Ave, the 18,000 sq ft lot is zoned D8 and fully approved for a 9-unit luxury condo project. The approved plans include eight 2-bed, 2-bath units, plus a 3-bed, 3-bath penthouse. The property is positioned as ideal for developers seeking a high-margin infill project with design and zoning hurdles already cleared. Utilities are available at the site, and construction estimates are ready for qualified buyers. The location provides easy access to downtown, Fall Creek, and major transit. It is walkable to Tarkington Park, Ivy Tech, and the Butler-Tarkington area. The approved plans are included in the price. Construction is not included.

Key Highlights

• Shovel‑ready: Fully approved plans for a 9‑unit luxury condo project.
• Zoned D8 for multifamily use on an 18,000 sq ft lot.
• Includes plans for a premium 3‑bed, 3‑bath penthouse unit.

Property Analytics

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FAQs

What type of property is this?

Land - Shovel-ready 0.41-acre lot with approved plans for 9 units.

Where is this land located?

The property is located at 2902 N Capitol Avenue Indianapolis, IN.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: Shovel‑ready: **Fully approved plans for a 9‑unit luxury condo project.**; Zoned D8 for multifamily use on an 18,000 sq ft lot.; Includes plans for a **premium 3‑bed, 3‑bath penthouse unit.**