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Under-Construction Duplex
For Sale
$375,000
Pending

4460 Caroline Avenue, Indianapolis, IN 46205

Residential Income, Indianapolis, IN

Property Size972 SF
Lot Size0.12 Acres
Days on Market176

Property Features for 4460 Caroline Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Property condition Under Construction
Subdivision No Subdivision
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 0.12 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Montrose L503
Legal Description Montrose L503

Amenities

granite countertops
stainless steel appliances
tiled surrounds
granite vanity tops

Building Details

Year built 2026
Number of units 2
Listing Agency: Neu Real Estate Group
Listed By: Alec Neu · License #RB26000583
Added: Mar 14 Changed: Aug 28 Last Checked: Sep 5 at 8:06AM
MLS# 22089266

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 under-construction duplex in Indianapolis is scheduled for completion in 2026. The described residence contains 972 square feet with two bedrooms and two full bathrooms. Interior features include granite countertops, stainless-steel appliances, tiled bathroom surrounds, and granite vanity tops.

The property occupies a 0.12-acre lot at 4460 Caroline Avenue in Indianapolis, Indiana, within ZIP Code 46205. Its current condition is listed as under construction, and the property is broker owned.

Key Highlights

  • Under construction with 2026 year built
  • 972 square feet of living area
  • Two bedrooms and two full bathrooms

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.

Lease Details

1
Residential units

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
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Frequently Asked Questions

What type of property is this?
Duplex - Modern residential income property with two bedrooms, two full baths, and granite and stainless-steel finishes.
Where is this duplex located?
The property is located at 4460 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: Under construction with 2026 year built; 972 square feet of living area; Two bedrooms and two full bathrooms
More about this property
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