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Under-Construction Duplex
For Sale
$375,000
Pending

4464 Caroline Avenue, Indianapolis, IN 46205

Residential Income, Indianapolis, IN

Property Size972 SF
Lot Size0.12 Acres
Days on Market186

Property Features for 4464 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 L502
Legal Description Montrose L502

Building Details

Year built 2026
Floors in Building 2
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 15 at 4:06AM
MLS# 22089267

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 is under construction and is scheduled for completion in 2026. The described residence includes 972 square feet of living area, with two bedrooms and two full baths. Interior specifications include granite countertops, stainless steel appliances, tiled shower surrounds, and granite vanity tops. The property sits on a 0.12-acre lot and is identified as broker owned.

The residence is located in Indianapolis, Indiana, within ZIP code 46205. Its configuration provides defined bedroom and bath areas along with a contemporary interior package. The source information describes one residence within the duplex and does not provide additional unit-specific details.

Key Highlights

  • Duplex under construction with a 2026 completion year
  • Described residence contains 972 square feet of living area
  • Two bedrooms and two full baths

Property Analytics

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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
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

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

What type of property is this?
Duplex - Modern duplex development with two bedrooms, two full baths, and upgraded interior finishes.
Where is this duplex located?
The property is located at 4464 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 under construction with a 2026 completion year; Described residence contains 972 square feet of living area; Two bedrooms and two full baths
More about this property
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