1137 W 21st Street, Indianapolis, IN 46202
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
1137 W 21st Street,Indianapolis, IN 46202
$1,275,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:edward neu
Office:neu real estate group
MLS#:22051379
Source:IN_MIBOR
Price summary
- Price:$1,275,000
About this home
Riverside Duplex Portfolio - 3 New Construction Assets in One of Indy's Fastest-Growing Neighborhoods Location: Riverside Neighborhood, Indianapolis, IN Properties: 3 Duplexes (6 total units) Unit Mix: Modern 3-bed/2-bath and 6-bed/4-bath layouts Total Portfolio Price: Inquire for pricing and individual pro formas Portfolio Overview Presenting a rare opportunity to acquire three newly constructed duplexes as a single, income-producing portfolio in the highly sought-after Riverside neighborhood. This portfolio offers immediate, durable cash flow, strong tax advantages, and significant long-term upside in one of Indianapolis' most dynamic redevelopment zones. Location Advantage 1. Riverside is undergoing a remarkable revitalization with major public and private investment. 2. Walkable to Riverside Park, 16 Tech Innovation District, IUPUI, and the Downtown core. 3. Strong rental demand from professionals, students, and workforce tenants seeking modern housing options close to jobs and amenities. 4. Well-positioned to benefit from long-term neighborhood appreciation and city-led redevelopment plans. Why This Portfolio? 1. Instant scale - 6 income-generating units with consistent rents and low maintenance costs. 2. New construction advantage - modern layouts, efficient systems, and minimal capital expenditures. 3. Attractive financing - eligible for competitive residential or small-balance commercial loans. 4. Flexible exit strategy - hold long-term for passive income or sell units individually for retail premiums. Perfect for: - Small to mid-size multifamily investors growing their Indy footprint. - Out-of-state buyers seeking Midwest yield with low operational headaches. - 1031 exchange buyers seeking depreciation and cash flow. - Syndicators looking to offer multiple units in one growing submarket. Reach out to Alec Neu for more details at 3172583080
Contact an agent
Home facts
- Year built:2025
- Listing Id #:22051379
- Added:1 day(s) ago
- Updated:August 15, 2025 at 11:44 PM
Structure and exterior
- Year built:2025
- Lot area:0.28 Acres
Finances and disclosures
- Price:$1,275,000
New listings near 1137 W 21st Street
- New
$265,000Active3 beds 2 baths1,255 sq. ft.8926 Birkdale Circle, Indianapolis, IN 46234
MLS# 22055619Listed by: F.C. TUCKER COMPANY - New
$259,900Active4 beds 2 baths1,794 sq. ft.11034 Amburg Court, Indianapolis, IN 46235
MLS# 22056670Listed by: F.C. TUCKER COMPANY - New
$450,000Active3 beds 3 baths2,902 sq. ft.7701 Donegal Drive, Indianapolis, IN 46217
MLS# 22056835Listed by: HIGHGARDEN REAL ESTATE - New
$470,000Active-- beds -- baths4834 Crittenden Avenue, Indianapolis, IN 46205
MLS# 22056923Listed by: MATCH HOUSE REALTY GROUP LLC - New
$255,000Active3 beds 2 baths1,526 sq. ft.3159 E 42nd Street, Indianapolis, IN 46205
MLS# 22057069Listed by: ROBLING REAL ESTATE - New
$189,000Active3 beds 2 baths1,038 sq. ft.4531 English Oak Terrace, Indianapolis, IN 46235
MLS# 22057049Listed by: EPIQUE INC - New
$450,000Active5 beds 5 baths3,187 sq. ft.11736 Grazing Lane, Indianapolis, IN 46239
MLS# 22057051Listed by: INDY HOMES - New
$209,900Active3 beds 2 baths2,368 sq. ft.2950 N Gale Street, Indianapolis, IN 46218
MLS# 22056858Listed by: RE/MAX AT THE CROSSING - New
$309,500Active2 beds 2 baths2,011 sq. ft.7804 Rosa Drive, Indianapolis, IN 46237
MLS# 22056984Listed by: DAVID BRENTON'S TEAM
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2023 - 2025 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.