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New-Construction Four-Unit Quadplex
For Sale
$700,000

1921 Prospect St, Indianapolis, IN 46203

Two-story residences feature private mechanical systems, contemporary finishes, and alley-accessed rear driveway parking.

Property SizeContact for details
Days on Market26

Property Features for 1921 Prospect St

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 4 x 2BR/2BA
Multifamily Units 4

Building Details

Year Built 2026
Listing Agency: Liz Foley Real Estate, Inc.
Listed By: Alexander Foley
Source: Megandusing
Added: Aug 6 Changed: Aug 29 Last Checked: Aug 31 at 7:27PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Liz Foley Real Estate, Inc.

Investment Insights

Based on property information with market context.

Planned as a four-unit quadplex, this new-construction property is arranged as four townhouse-style residences. Each approximately 1,100-square-foot unit includes 2 bedrooms and 2 bathrooms across two levels. The main floor combines living, dining, and kitchen areas with a foyer, full bathroom, and dedicated laundry/mechanical space; the upper level contains two bedrooms and a second full bathroom.

Interior specifications include white shaker cabinets, granite counters, subway tile backsplashes, stainless steel appliances, and LVP flooring on the main level. Bathrooms are designed with matte black fixtures, tub tile surrounds, framed mirrors, and wall sconces. Every residence is separately metered for electric and gas and has its own HVAC system and water heater. The property includes a rear driveway with alley access and street parking.

Located at 1921 Prospect St on the east end of Fountain Square in Indianapolis, the project has a projected completion timeframe of summer/fall 2026.

Key Highlights

  • Four‑unit quadplex with 2 bedrooms and 2 bathrooms per residence
  • Approximately 1,100 sq ft per unit with two‑story townhouse‑style layouts
  • Projected completion in summer/fall 2026; YearBuilt 2026

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Skin Care Clinic Law Firm (Bike/Boat/Book/etc) Store Computer & Electronic Repair Daycare Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

672
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Two-story residences feature private mechanical systems, contemporary finishes, and alley-accessed rear driveway parking.
Where is this quadplex located?
The property is located at 1921 Prospect St Indianapolis, IN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2 bedrooms and 2 bathrooms per residence; Approximately 1,100 sq ft per unit with two‑story townhouse‑style layouts; Projected completion in summer/fall 2026; YearBuilt 2026
More about this property
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