For Sale692d on market
2902 N Capitol Ave
Indianapolis, IN, 46208 • Crown Hill • Marion County
$499,900
0.41 acLot
Property DNA
Burton & Campbells Park Place Add
Crown Hill
Market activity
Demand and pricing signals for this listing
24 views
People checking out this listing
1 saves
Buyers have saved this home
692 days on market
Established listing
About this home
Lot
Shovel-ready multifamily opportunity on Indy's North Side. This 18,000 sq ft lot at 3902 N Capitol Ave is zoned D8 and fully approved for a 9-unit luxury condo project-a rare turnkey setup in a rapidly appreciating corridor. Plans include eight spacious 2-bed, 2-bath units plus a standout 3-bed, 3-bath penthouse. Ideal for developers seeking a high-margin infill project with design and zoning hurdles already cleared. Utilities available at site, and construction estimates are ready for qualified buyers. Property highlights: 18,000 sq ft lot zoned D8 for multifamily use Approved plans for 9 upscale residential units Penthouse design with premium layout and finishes All 2BR/2BA units designed for modern living Central location with easy access to downtown, Fall Creek, and major transit Walkable to Tarkington Park, Ivy Tech, and Butler-Tarkington area This section of Capitol Ave is attracting serious investment-and this project is poised to be part of that transformation. The hard part is done. Bring your builder and realize the upside. Price includes land and approved plans. Construction not included.
Estimated monthly payment
Based on current rates
$3,131/month
Principal & Interest$2,464
Property Tax$500
Insurance$167
Down payment20% ($99,980)
3%50%
Est. 6.26% rate · 30yr fixed · $399,920 loan
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Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
Systems
Water / SewerNot Applic
Parking & Outdoor
Lot0.41 Acres
Location & Tax
NeighborhoodCrown Hill
ZoningD8
Annual tax$1,152
Parcel490626190076000101
Features & details
1 category of property features
Exterior Features
Lot Features
City
Listing insights
Market data and value estimates
StatusFor Sale
Days on market692
Tax rate0.96%
On marketMay 16, 2024
PostedMay 16, 2024
MLS statusActive
MLS updatedFeb 26, 2026
Tour days6
Views24
Favorites1
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46208
Price history
1 event
DateEventPrice$/sqftSource
Aug 29, 2025Listed For Sale$499,900—MIBOR as distributed by MLS GRID
Listed For Sale$499,900
Aug 29, 2025•MIBOR as distributed by MLS GRID
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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Based on information submitted to the MLS GRID as of 2026-04-08 18:08:10 PDT. 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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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