517 Prospect St, Indianapolis, IN 46203

Home Description

Proposed New Construction Duplex in the Heart of Downtown Indianapolis! Discover a rare opportunity to own a brand-new, high-performing duplex just steps from everything downtown Indy has to offer. Built by Paradigm Construction-one of the Midwest's premier builders known for quality craftsmanship and forward-thinking design-this project offers the perfect blend of investment potential and modern urban living. Ideally positioned between the southeast corridor of Downtown, Fountain Square, and Bates-Hendricks, the location offers unmatched access to some of Indy's most vibrant neighborhoods. Whether you're an owner-occupant looking to offset your mortgage with rental income, or a seasoned investor seeking a sleek addition to your portfolio, this property delivers. Each side of the duplex features 3 spacious levels with 3 bedrooms, 2.5 bathrooms, private balconies with views of the Eli Lilly campus and downtown skyline, and premium finishes throughout. Highlights include quartz countertops, stainless steel appliances, LVP flooring, modern designer touches, and 4-car off-street parking. Projected long-term rental rates range from $3,000-$3,500 per unit per month-or even more with the right short-term rental strategy! Construction is ready to begin, with the opportunity for buyers to select finishes and customize final details. Break ground now and be ready just in time for next spring and summer's peak rental season!