2959 Ruckle St - Apartments FOR SALE


Indianapolis, IN 46205- Mapleton Fall Creek
$1,650,000 USD
463-273-0801
2959 Ruckle St, Indianapolis, IN for Sale
$1,650,000 USD
Apartments - FOR SALE
1/9
null | 8.14% Cap Rate

2959 Ruckle St
Indianapolis, IN 46205
Mapleton Fall Creek


HIGHLIGHTS

  • Prime Midtown Location: Situated in Mapleton-Fall Creek, just minutes from new $4B IU Health Downtown Hospital, driving LT demand rent growth
  • Permit-Ready New Construction: Eight modern 2- and 3-bed townhomes (~1,300 SF each) with efficient layouts, low maintenance, and strong renter pool
  • Flexible Ownership & Exit Strategy: Planned Horizontal Property Regime (HPR) allows for individual unit sales, phased dispositions, or long-term hold
  • Proven Local Builder: Developed and built by Paradigm Construction & Development, a trusted Indy-based builder with a track record of execution

OVERVIEW

PROPOSED NEW CONSTRUCTION 8-Unit Townhome Project in Midtown Indianapolis. Opportunity to invest in a new eight-unit development in Mapleton-Fall Creek, just minutes from the new $4B IU Health Downtown Hospital. This permit-ready project features eight modern, 2- and 3-bedroom townhomes ranging from ~1,300 SF. Flexible ownership via forthcoming Horizontal Property Regime (HPR) allows either individual sales or full property retention under one owner. Developed and to be built by Paradigm Construction & Development, a local grassroots builder focused on quality and community revitalization. Contact Paradigm Construction & Development for site plans, specs, and projected rent performance. Ask about additional duplex, triplex, fourplex, and 8-unit opportunities available in Midtown and surrounding neighborhoods. Explore more: * www.youtube.com/watch?v=U4S-TW1g8DM * Investments: www.buildwithparadigm.com/investments Parcels: 1) 2959 Ruckle St. - 1035815 2) 2953 Ruckle St. - 1063847 3) 2949 Ruckle St. - 1059415

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

8

PRICE/UNIT

$206,250

CAP RATE

8.14%

% LEASED

0%

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Proposed 8-Unit Townhomes | Indianapolis

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,637 SF

ZONING

D8

APN/PARCEL ID

49-06-25-169-065.000-101,49-06-25-169-066.000-101

ASK ABOUT THIS PROPERTY

Josh HodgensParadigm Construction & Development, LLCMore Info
463-273-0801

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Josh HodgensParadigm Construction & Development, LLCMore Info
463-273-0801

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.