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$475,000

2943 Macpherson Avenue, Indianapolis IN, 46205

Price per sqftN/A
Built in2026
Property typeMulti-family
Courtesy of Neu Real Estate Group, Alec Neu Listing Contact:

Overview

Active

Listed Oct 14, 2026

Updated 10h ago

New-construction duplex opportunity in Martindale-Brightwood on Indianapolis's near-northeast side, near the Monon Trail on the neighborhood's western edge. The Lexington model offers two 3-bed/2-bath units of approximately 1,296 SF each. Projected rent of $1,660 per unit is supported by 34 3-bedroom comparables within 2 miles. Pro forma: $39,840 gross potential rent, $27,920 estimated NOI at 5% vacancy and 8% management. Close to the College Ave and Central Ave corridors and the Monon16 redevelopment area. Taxes and insurance are estimates; buyer to verify. This property is broker owned.

$3,160/mo

Est. mortgage payment based on a $475,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
22129558

Interior Features

Basement
No

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Municipality
Center
New Construction
Yes

Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 5:09 PM UTC on 10/27/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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