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Back 2954 MacPherson Avenue
Off Market

2954 MacPherson Avenue

Indianapolis IN 46205

5445 sq. ft.
Duplex
Last sold for $76,400
Daniel McNealDaniel McNeal, last sold this property on 24 November 2025 after 61 days on market.

Overview

Brand-New 4-Unit Multifamily Building in Monon Yard - in the permit stage. Presenting an exceptional opportunity to own a newly constructed four-unit apartment building located in the growing Monon Yard neighborhood. This purpose-built multifamily asset is designed for strong rental performance, modern tenant appeal, and low-maintenance long-term ownership. Each of the four units offers 983 square feet of well-planned living space, providing a highly rentable layout. With all units delivered new, buyers can expect reduced operating costs, minimal maintenance, and strong demand from tenants seeking modern living near one of Indy's most active redevelopment corridors. Drawings are in supplements. Photos are from a recently completed unit. Location Highlights: * Close proximity to the Monon Trail * Easy access to Downtown Indianapolis, Broad Ripple, and major employment centers * Surrounded by continued investment and new residential development * Walkable and bike-friendly area with improving amenities This is a rare chance to acquire a brand-new four-unit building. Ideal for investors seeking stable long-term returns, low vacancy potential, and a property positioned for strong appreciation. This is also an excellent opportunity for an owner occupant to reside in one unit and rent the others.

Features

5445 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in Indianapolis over the last 12 months, the estimated median property value of 2954 MacPherson Avenue is $325k.

Median value
$325k
Estimated value range
$76.4k - $685k
Median days on market
20
Estimated value trend
2%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Indianapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2954 MacPherson Avenue

2025
Sold
$76,400
24 Nov 2025 by Daniel McNeal, of @properties
2019
Sold
$15,000
05 Mar 2019 by Eric Middleton, of Middland Real Estate, LLC

Happy sellers in Indianapolis

90%
90% of sellers in Indianapolis reported that their sale price either exceeded or met their price expectations.

Indianapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 61 duplexes similar to 2954 MacPherson Avenue, have been sold.

This represents a 62% decrease in duplexes sales when compared to the previous 12 months.

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Bif Ward

Bif Ward is an award winning recommended agent for Indianapolis.  They have 2 local sales and collected 1 local review across the last 12 months.

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