Technical
Financial
Distress signals
Property profile

3309 Arlington Ave Indianapolis, IN 46203

OFF-MARKET
Land
9.42 ac lot
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Property summary

AI-generated overview

This exceptional 9.42-acre parcel presents a unique opportunity for residential development on Indianapolis's southeast side. Currently zoned DA (Residential), the property requires rezoning before construction can begin. However, its strategic location offers significant potential. Directly north lies a D-6II zoned multifamily development, and to the south sits an I-2 zoned industrial development, suggesting a favorable environment for future residential projects. The existing structures on the property, an older house and pole barn, are slated for demolition, clearing the way for a fresh start. The asking price for this expansive lot is $500,000. The property is conveniently located at 3309 S Arlington Ave, Indianapolis, IN 46203, in Marion County. Its size and proximity to existing developments make it an attractive investment for developers seeking to capitalize on the growing residential demand in this area. Detailed site plans and zoning information are available upon request. This is a rare chance to acquire a substantial tract of land with significant upside potential in a rapidly developing part of Indianapolis.

Property profile

Verified
Property type Land
Lot 9.42 ac (410,335 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3309 Arlington Ave Indianapolis, IN 46203
Indianapolis metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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