#22044668, Oumar Bah, Listing office: Bah Realty Trust
Property details
About 517 Prospect St
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!
Highlights
Summary
- Basement: Yes
- List Price: $750,000
- Directions: GPS Friendly
- Year Built: 2026
- Lot Size: 0.06 Acres
- MLS Number: 22047411
- MLS Name: MIBOR
- Office Name: @properties
- Office Email: twillis@atpropertiesind.com
- Listing Agent: Tyler Willis
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Price information
Property sales
Date | Event | Price |
---|---|---|
Aug 18, 2021 | Home Sold | $80,000 |
Jul 16, 2021 | Home Sold | $120,000 |
Tax history
We're sorry, we currently don't have tax history data for this listing.
History based on county public records data.
Nearby schools
6
William McKinley Elementary School 39
Public District PK-6
1.1 mi
•1733 Spann Ave
3
Eleanor Skillen Elementary School 34
Public District PK-6
1.4 mi
•1410 Wade St
4
Piloted Schools Bethel Park
Public Charter KG-4
1.8 mi
•2710 Bethel Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $48,261. Most Indianapolis, IN residents have annual incomes between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
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Frequently asked questions
About 517 Prospect St
The listing price of 517 Prospect St property is $750,000.
The property 517 Prospect St is a multi located in Indianapolis, Indiana, 46203.
Active Listing: 517 Prospect St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 517 Prospect St are: William McKinley Elementary School 39 (GreatSchools Rating 6/10), Eleanor Skillen Elementary School 34 (GreatSchools Rating 3/10), Piloted Schools Bethel Park (GreatSchools Rating 4/10), James A. Garfield School 31 (GreatSchools Rating 3/10), Se Neighborhood School of Excellence (GreatSchools Rating 3/10), Longfellow STEM Magnet Middle School (GreatSchools Rating 5/10), Purdue Polytechnic High School (GreatSchools Rating 2/10), Christel House Academy South (GreatSchools Rating 4/10), Christel House Dors (GreatSchools Rating 2/10).
The last sale was on August 18, 2021 for $80,000 (source: MLS/tax record).
The year of construction for 517 Prospect St is 2026.
This home is located at 517 Prospect St in Indianapolis, IN and zip code 46203 in the Near Southside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 27, 2025 and is currently priced at $750,000.
Indianapolis, IN housing market in June 2025 saw over 266 listings sold above listed price, more than 276 sold at listed price and over 527 sold below. The inventory of homes for sale in Indianapolis, IN between May and June 2025 decreased by 0.2%. While the average time on the market in June 2025 was 31 days, the median list price was $251,183.