New-Construction
For Sale
$475,000
2943 Macpherson Avenue, Indianapolis, IN 46205
Interior finishes include granite countertops, stainless steel appliances and tiled bathroom surrounds.
Property Size1,296 SF
Price / SF$366.51
Days on Market15
Property Features for 2943 Macpherson Avenue
General Information
Standard status
Active
Size
1,296 SF
Property subtype
Duplex
Site & Location
Neighborhood
Mapleton / Fall Creek
Amenities
granite countertops
stainless steel appliances
tiled surrounds
granite vanity tops
Building Details
Year Built
2026
Listing Agency:
Talk to Tucker
Listed By:
Annie Scott Realty Group
(317) 902-8622
Source:
Anniescottrealty
Added: Oct 14
Changed: Oct 26
Last Checked: Oct 26 at 3:31PM
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 Talk to Tucker
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2026, this duplex property in Indianapolis offers 1,296 square feet of living area, with three bedrooms and two full bathrooms. Interior details include granite countertops, stainless steel appliances, tiled shower surrounds and granite vanity tops.
Located at 2943 Macpherson Avenue, the property is broker-owned.
Located at 2943 Macpherson Avenue, the property is broker-owned.
Key Highlights
- 2026 construction
- 1,296 square feet of living area
- Three bedrooms and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,678
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,560
$273.6K
Cap Rate 7%
$195,400
$195.4K
Cap Rate 9%
$151,978
$152.0K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$21.0K $16.20/SF
− Vacancy
−$1.5K −$1.12/SF
EGI
$19.5K $15.08/SF
− OpEx
−$5.9K −$4.52/SF
NOI
$13.7K $10.55/SF
Area
Indianapolis, IN
Vacancy
6.93%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,560
Cap Rate 7%
$195,400
Cap Rate 9%
$151,978
Alternative Uses
Best Use
Multifamily LT 5
$195.4K
$171.0K – $228.0K
NOI $13,678 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$169.9K
$148.7K – $198.2K
NOI $11,894 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$322.6K
$282.3K – $376.4K
NOI $22,582 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 46205, IN
27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Interior finishes include granite countertops, stainless steel appliances and tiled bathroom surrounds.
Where is this duplex located?
The property is located at 2943 Macpherson Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2026 construction; 1,296 square feet of living area; Three bedrooms and two full bathrooms
