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1631 Montcalm Street

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Indianapolis, IN 46202

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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1631 Montcalm Street

$425,000

  • MLS# : 22051358
  • Built in 2025

Nearby schools

  • Indianapolis Public Schools

    Actual schools may vary. We recommend verifying with the local school district, the school assignment and enrollment process.

    Map & directions

    Contact

    Edward Neu

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    FPO

    Edward L Neu DBA Neu Real Estate Group

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     By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from Realtor.com (Move Sales, Inc.) about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to Realtor.com ’s Terms of Use and to Realtor.com ’s Privacy Policy regarding information relating to you. Msg/data rates may apply. This consent applies even if you are on a corporate, state, or national Do Not Call list.
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