Multifamily Land Opportunity,
For Sale
$469,900
2902 N Capitol Avenue, Indianapolis, IN 46208
Land, Indianapolis, IN
Property SizeContact for details
Lot Size0.41 Acres
Days on Market849
Property Features for 2902 N Capitol Avenue
General Information
Property type
Land
Property subtype
Other
Zoning
D8
Zoning description
Condo, Multi-Fam
Subdivision
Burton & Campbells Park Place Add
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
Capitol to address
Standard status
Active
APN
490626190076000101
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
Burton & Campbells Park Pl L28
Tax Annual Amount
1152
Legal Description
Burton & Campbells Park Pl L28
Listing Agency:
No Limit Real Estate, LLC
(317) 440-2149
Listed By:
Charlene Gaard · License #RB14033327
(317) 602-1576
Added: May 16, 2024
Changed: Sep 10
Last Checked: Sep 11 at 9:06AM
MLS# 21979922
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 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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Current Use
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 46208, IN
23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value
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Frequently Asked Questions
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 $469,900.
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.**
