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2959 Ruckle St
Indianapolis, IN 46205
Proposed 8-Unit Townhomes | Indianapolis · Multifamily Property For Sale · 8 Units

Investment Highlights

  • Prime Midtown Location: Situated in Mapleton-Fall Creek, just minutes from new $4B IU Health Downtown Hospital, driving LT demand rent growth
  • Flexible Ownership & Exit Strategy: Planned Horizontal Property Regime (HPR) allows for individual unit sales, phased dispositions, or long-term hold
  • Permit-Ready New Construction: Eight modern 2- and 3-bed townhomes (~1,300 SF each) with efficient layouts, low maintenance, and strong renter pool
  • Proven Local Builder: Developed and built by Paradigm Construction & Development, a trusted Indy-based builder with a track record of execution

Property Facts

No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Townhome
Building Class B
Lot Size 0.22 AC
Construction Status Proposed
Building Size 10,756 SF
Average Occupancy 0%
No. Stories 2
Year Built 2026
Zoning D8 - Zoned D8

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Storage Space
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • High Speed Internet Access
  • Oven
  • Stainless Steel Appliances
  • Carpet
  • Wi-Fi
  • Handrails
  • Vinyl Flooring
  • Window Coverings
  • Quartz Countertops

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2.5 5 - 1,332 - 1,364
3+2.5 3 - 1,344

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 49-06-25-169-065.000-101
  • 49-06-25-169-066.000-101
Land Assessment
$59,100
Improvements Assessment
$0
Total Assessment
$59,100
  • Listing ID: 34622035

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: 2959 Ruckle St, Indianapolis, IN 46205

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