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Under-Construction Duplex
For Sale
$375,000
Pending

4456 Caroline Avenue, Indianapolis, IN 46205

Residential Income, Indianapolis, IN

Property Size972 SF
Lot Size0.38 Acres
Days on Market173

Property Features for 4456 Caroline Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Property condition Under Construction
Subdivision No Subdivision
High school Shortridge High School
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Standard status Pending
APN 490718103204000801
Lot size 0.38 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Montrose L502, L503 & L504
Legal Description Montrose L502, L503 & L504

Building Details

Year built 2026
Floors in Building 2
Number of units 2
Listing Agency: Neu Real Estate Group
Listed By: Edward Neu · License #RB14039123
Added: Mar 14 Changed: Aug 31 Last Checked: Sep 2 at 8:06AM
MLS# 22089262

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 duplex property is under construction and includes a described residence with 972 square feet of living area, two bedrooms, and two full bathrooms. Interior specifications include granite countertops, stainless steel appliances, tiled shower surrounds, and granite vanity tops. The property is planned as a 2026 build and sits on a 0.38-acre lot.

Located at 4456 Caroline Avenue in Indianapolis, the property offers a residential setting within Marion County. The source information identifies the property as broker owned.

Key Highlights

  • Duplex property under construction with a 2026 build year
  • 972 square feet of living area
  • 2 bedrooms and 2 full baths

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Bakery Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Garden Center

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

Location Intelligence

Trade Area within ½ mile

798
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Modern finishes include granite surfaces, stainless steel appliances, and tiled bathroom surrounds.
Where is this duplex located?
The property is located at 4456 Caroline Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Duplex property under construction with a 2026 build year; 972 square feet of living area; 2 bedrooms and 2 full baths
More about this property
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