1631 Montcalm Street, Indianapolis, IN 46202
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1631 Montcalm Street,Indianapolis, IN 46202
$425,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:edward neu
Office:neu real estate group
MLS#:22051358
Source:IN_MIBOR
Price summary
- Price:$425,000
About this home
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
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Home facts
- Year built:2025
- Listing Id #:22051358
- Added:28 day(s) ago
- Updated:July 23, 2025 at 04:38 PM
Structure and exterior
- Year built:2025
- Lot area:0.12 Acres
Finances and disclosures
- Price:$425,000
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