
Residential Land for Sale in Indianapolis, Indiana
4609 W Caven St, Indianapolis, IN 46241
Rare opportunity to acquire a nine-lot residential infill package in an established Indianapolis neighborhood. The offering includes five adjoining vacant lots that create a strong foundation for a coordinated new-construction project, plus four additional nearby homesites along the same street that add flexibility for individual builds, phased construction, or future resale. This is an ideal opportunity for a builder, developer, or investor to secure multiple buildable lots in one transaction without the cost and timeline of a large raw-land development. Surrounded by existing homes and conveniently located near major roadways, downtown Indianapolis, Indianapolis International Airport, and west-side employment centers, the package is well positioned for attainable new housing. A flexible, ready-to-plan land opportunity for a buyer looking to add meaningful scale to their next Indianapolis build.
Location
- Street address
- 4609 W Caven St
- County
- Marion County
- Zip code
- 46241
- Community
- Drexel Gardens
- School district
- MSD Wayne Township
- Elevation
- 715 feet
Property details
- Lot size
- 0.11 acres4,792 sq ft
- Zoning
- D5
- MLS #
- MIBOR 22113126
- Posted
Parcels
- 491118103147006900
Legal description
Drexel Gardens Annex L1313
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 9, 2026 | New listing | $24,900 | — | MIBOR |