3033 Sutherland Ave. ave - Apartments FOR SALE


Indianapolis, IN 46205- Martindale-Brightwood
$850,000 USD
463-273-0801
3033 Sutherland Ave. ave, Indianapolis, IN for Sale
$850,000 USD
Apartments - FOR SALE
1/5
null | 7% Cap Rate

3033 Sutherland Ave. ave
Indianapolis, IN 46205
Martindale-Brightwood


HIGHLIGHTS

  • Under 10 minutes to downtown Indianapolis
  • Less than 2 miles from the IU Health Mega-Campus
  • Close to public transit, Monon Trail, parks, and neighborhood schools
  • Easy access to major highways and employment centers

OVERVIEW

This offering represents one of the few true new-construction fourplex opportunities in Indianapolis featuring large 3-bedroom floorplans. Each of the four units will span 1,500 square feet, with spacious layouts including a true primary bedroom, 2.5 bathrooms, open-concept kitchens, dedicated laundry rooms, and modern interior finishes. The site is pre-permitted and shovel-ready for immediate development, saving time and risk for investors. Whether you’re looking to generate stable rental income or prepare for a fee-simple condo exit, this asset offers multiple paths to upside. The surrounding neighborhood is transitioning rapidly with new housing, commercial redevelopment, and growing tenant demand — driven by proximity to downtown, hospital expansions, and major infrastructure improvements.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$142 USD /SF

# OF UNITS

4

PRICE/UNIT

$212,500

CAP RATE

7%

% LEASED

0%

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare 3BR Fourplex | Pre-Permitted | Indy

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,929 SF

ZONING

D5

APN/PARCEL ID

49-06-24-169-005.000-101

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 Policy.