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Listed by Edward Neu • Neu Real Estate Group
$ 405,000
Est. payment /mo
New
1631 Montcalm ST Indianapolis, IN 46202
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Stouts Indiana Ave
MLS Listing ID 22080147
Year Built 2026
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Duplex
Property Description
Turnkey New Construction Duplex! Strong Cash Flow & Upside Unit Mix: 3 bed/2 bath per unit x2 Units! Projected Monthly Rent: $1,793 (3x2) / $3,586 Gross Monthly Total. Units: 2 Step into this new construction duplex in the revitalizing Martindale/Brightwood 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. Riverside is located just northwest of downtown Indianapolis, bordered by the White River to the east. It offers convenient access to major roads like I-65 and I-70, making it attractive for residents commuting to downtown or nearby employment hubs. Its proximity to the 16 Tech Innovation District adds to its appeal for young professionals and investors. This neighborhood is primed for investors seeking long-term upside in emerging urban markets with strong affordability metrics and barriers to entry in nearby submarkets. 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 our Investment team - 7655252161.
Location
State IN
County Marion
Interior
Fireplace N
Exterior
View Y/N false
Building
Story Two
New Construction true
Schools
High Schools George Washington High School
School District Indianapolis Public Schools
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