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  • $425,000

    1631 Montcalm St, Indianapolis, IN 46202

    3beds
    2baths
    --sqft
    : 
    Multi Family, Duplex
    Built in 2025
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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
    25 days
    on Zillow
    |
    394
    |
    24
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    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#: 22051358MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1631 Montcalm St.

    Next available tour time:Tomorrow at 11am

    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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