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1921 Prospect Street, Indianapolis, IN 46203

Bradleys Prospect · Marion County

Key Facts

2026Year Built
0.12Lot (acres)

Description

Welcome to a rare new-construction opportunity on the east end of Fountain Square, one of Indianapolis's most sought-after and rapidly appreciating neighborhoods. This brand-new 4-unit multifamily property is designed like four individual townhomes, each unit offering 2 bedrooms, 2 bathrooms, and approximately 1,100 sq ft of thoughtfully laid-out living space. Projected completion is summer/fall 2026. Each two-story unit features an open-concept main floor with living, dining, and kitchen areas, plus a foyer, full bathroom, and dedicated laundry/mechanical space. Upstairs, residents will find two bedrooms and a second full bathroom. Finishes throughout include architectural shingles and Hardie Board siding, white shaker cabinetry, granite countertops, subway tile backsplash, stainless steel appliances, and LVP flooring on main level. Bathrooms feature matte black plumbing fixtures, tile surrounds at tubs, framed mirrors, wall sconce lighting, and coordinated accessories. Each unit is independently metered for electric and gas, with its own HVAC system and water heater. Water/sewer is not currently submetered but could be in the future. Rear driveway with alley access, plus available street parking. Projected rents of $1,500-$1,650 per unit bring estimated gross annual income of $72,000-$79,200. With 100% new construction, expect minimal maintenance and capex for years to come - a rare chance to add a low-maintenance, cash-flowing asset to your portfolio in one of Indy's hottest neighborhoods.

Property Information

Property Type

Residential Income

Sub-Type

Quadruplex

Year Built

2026

Lot Size

0.12 acres

Days on Market

3

MLS® Listing#

22107036

Property Features

Laundry

Main Level

Foundation

Slab

Financial Details

Parcel Number

491018199009000101

Directions

GPS Friendly

Affordability Calculator

$140,000

Estimated monthly payment

$3,726/mo

Principal $560,000 · Est. interest $781,250 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Indianapolis, IN

$277,304
Median Listing Price
57
Median Days on Market
1,632
Median Sq Ft
$158
Median Price / Sq Ft
3,378
Active Listings
  • This home’s price is 152% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Indianapolis, IN.

Location

Map showing the location of 1921 Prospect Street, Indianapolis, IN 46203

Points of Interest in Indianapolis, IN

Showing the Indianapolis area map.

Nearby Schools

  • Otis E Brown Elementary School

    Elementary · 0.3 mi away

  • William McKinley School 39

    Elementary · 0.4 mi away

  • Emmaus Lutheran School

    School · 0.5 mi away

  • Longfellow Magnet Middle School

    School · 0.7 mi away

  • Florence Fay Elementary School

    Elementary · 0.8 mi away

  • Piloted Schools in

    Elementary · 0.8 mi away

  • Fountain Square Academy

    School · 0.8 mi away

  • Sense Charter

    Elementary · 0.8 mi away

  • Frederick Douglass School

    Elementary · 0.9 mi away

  • Lumen Christi Catholic School

    School · 1.2 mi away

  • Holy Cross Central School

    School · 1.2 mi away

  • Indianapolis Public Schools

    Elementary · 1.2 mi away

  • Urban Act Academy

    School · 1.3 mi away

  • Ips #112

    School · 1.3 mi away

  • Margaret McFarland Middle School

    School · 1.3 mi away

  • Paramount Englewood

    Secondary · 1.4 mi away

  • Purdue Polytechnic High Schools

    Secondary School · 1.4 mi away

  • James A Garfield School 31

    Elementary · 1.4 mi away

  • Central Christian Academy

    School · 1.5 mi away

  • Thomas Gregg Neighborhood School

    School · 1.6 mi away

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EXIT Agents in Indianapolis

Listing Courtesy: Liz Foley Real Estate, Inc. - xanderfoley27@gmail.com

Listings courtesy of MIBOR as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID, use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. 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.

Last Updated: 2026-06-29

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Data provided by MIBOR. MLS® Listing#22107036. © 2026EXIT Realty®. All rights reserved.