# 2902 N Capitol Avenue, Indianapolis, IN 46208

> **TL;DR:** land, $499,900. Est. $2,166/mo. Listed 746 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $499,900 |
| Lot Size | 17,860 sqft (0.41 acres) |
| Property Type | Land (Unimproved Land) |
| Status | For Sale |
| Days on Market | 746 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,166 |
| **Total** | **$2,166** |

## Property Highlights

- 0.41 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 2902 N Capitol Avenue, Indianapolis, IN 46208
- **County:** Marion
- **Neighborhood:** Burton & Campbells Park Place Add
- **Coordinates:** 39.808561, -86.161816
- **Google Maps:** https://www.google.com/maps?q=39.808561,-86.161816

## Listing Agent

- **Name:** Charlene Gaard
- **Brokerage:** No Limit Real Estate, LLC
- **Phone:** 3174402149
- **Email:** charlenegaard@aol.com

## Primary Photo

![2902 N Capitol Avenue - Primary Photo](http://lh.rdcpix.com/c21b54884f76e1f4322ceba61719017al-f110661069r.jpg)

*7 total photos available on [listing page](https://www.propertysimple.com/listing/2902-n-capitol-avenue-indianapolis-in-46208-21979922)*

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**MLS#:** 21979922 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/2902-n-capitol-avenue-indianapolis-in-46208-21979922)

---

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