734 E McCarty St

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734 E McCarty St

Indianapolis, IN 46203
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel located in Indianapolis, Indiana
  • Site address is 734 E McCarty St in 46203
  • Asset category is designated as residential land
  • Situated within a growing regional Midwestern economy
  • Well-suited for residential development or infill housing projects

What's Special

This residential land parcel is positioned at 734 E McCarty St in Indianapolis, Indiana. Situated within the 46203 ZIP code, the site offers proximity to the central urban core of a growing Midwestern market. Indianapolis maintains a diverse economy supported by healthcare, logistics, and manufacturing sectors, creating steady demand for housing development. The location provides connectivity to major regional thoroughfares, making it accessible for future residents commuting throughout the metro area. Given the current zoning context and market conditions in this district, the lot is suited for residential development projects, including single-family housing or small-scale residential infill. Developers and investors will find this an efficient addition to a portfolio focused on the expansion of neighborhood housing stock in a key city submarket. The surrounding area reflects the ongoing revitalization efforts often seen in established Indianapolis neighborhoods, providing a practical foundation for new construction initiatives that align with the city's broader residential growth strategies.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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