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Multifamily Development Site
For Sale
$90,000

722 Fairfield Ave, Indianapolis, IN 46205

Development site at the intersection of Fairfield and College Avenue in downtown Indianapolis, suitable for multifamily construction.

Property SizeContact for details
Days on Market122

Property Features for 722 Fairfield Ave

General Information

Standard status Active
Property subtype Land
Listing Agency: Ellsbury Group
Listed By: Justin Lowe · License #RB19001645
Source: Exprealty
Added: May 7 Changed: Aug 25 Last Checked: Sep 4 at 12:45PM

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 Ellsbury Group

Investment Insights

Based on property information with market context.

This development site is positioned at the intersection of Fairfield and College Avenue, offering a high-visibility setting near the heart of downtown Indianapolis. The property is presented as well suited for a multifamily development.

With its location within a growing corridor, the site supports plans for modern residential living and increased urban density.

Prospective developers should evaluate the site for multifamily redevelopment in accordance with applicable permitting and development requirements.

Key Highlights

  • Development site at the intersection of Fairfield and College Avenue in downtown Indianapolis
  • Suitable for multifamily construction

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Building Supply Pharmacy Big Box & Wholesale Store HVAC Service (Bike/Boat/Book/etc) Store Locksmith

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

556
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
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Frequently Asked Questions

What type of property is this?
Multifamily property - Development site at the intersection of Fairfield and College Avenue in downtown Indianapolis, suitable for multifamily construction.
Where is this multifamily property located?
The property is located at 722 Fairfield Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: Development site at the intersection of Fairfield and College Avenue in downtown Indianapolis; Suitable for multifamily construction
More about this property
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