Turnkey New Construction Duplex in Riverside - Strong Cash Flow & Upside Unit Mix: (2) 3 bed / 2 bath; Projected Monthly Rent: $1,818 (3x2) / $3,636 Gross Monthly Total Units: 2 Step into this new construction duplex in the revitalizing Riverside neighborhood, one of Indianapolis' fastest-growing corridors for residential and mixed-use development. This turnkey asset is designed for strong cash flow, long-term appreciation, and excellent tax advantages. Neighborhood Highlights - Located in Riverside, a historic area experiencing major revitalization, with proximity to Downtown, IUPUI, 16 Tech Innovation District, Riverside Park, and new retail/commercial projects. - Strong tenant demand driven by workforce housing, student housing, and new amenities. - Consistent rent growth projected with stable operating expenses. Why Invest Here? This duplex offers investors: 1. New construction peace of mind - minimal maintenance, modern finishes. 2. Attractive returns in a market with limited new build inventory. 3. Generous depreciation & tax benefits to offset income. 4. A prime position in a neighborhood with rising property values and planned redevelopment. Reach out to Alec Neu for more details at 3172583080
Active
$425,000
1631 Montcalm St, Indianapolis, IN 46202
3beds
2baths
--sqft
Est.:
Multi Family, Duplex
Built in 2025
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 25 days
- on Zillow |
- 394 |
- 24 |
Zillow last checked: 7 hours ago
Listing updated: July 23, 2025 at 08:55am
Listing Provided by:
Edward Neu 317-710-9743,
Neu Real Estate Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22051358

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,227.2 Square Feet
Details
- Parcel number: 490634106132000101
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Condition
- New Construction
- New construction: Yes
- Year built: 2025
Details
- Builder name: Ipa
Community & HOA
Community
- Subdivision: Stouts Indiana Ave
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $22,400
- Annual tax amount: $532
- Date on market: 7/17/2025
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