1631 Montcalm Street
Indianapolis, IN 46202
Map
- – beds
- – baths
- – sqft
- 5,009 sqft lot
- 2025 build
Turnkey New Construction Duplex in Riverside - Strong Cash Flow & Upside Unit Mix: (2) 3 bed / 2 bath + (2) 6 bed / 4 bath Projected Monthly Rent: $1,818 (3x2) / $3,636 (6x4) 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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Last updated Jul 17, 2025
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MLS# 22051358 —
The Building
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Year Built:2025
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New Construction:true
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Builder Name:IPA
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Construction Stage:See Remarks
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Estimated Completion Date:2025
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Levels:Two
Location
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Directions:GPS Friendly
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Latitude:39.789643
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Longitude:-86.179806
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Parcel Number:490634106132000101
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Acres:<1/4 Acre
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Lot Size Acres:0.12
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Lot Size SqFt:5,009 Sqft
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Price Per Acre:3541667
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Current Use:Residential
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Road Access:See Remarks
Listing Agent
- Contact info:
- Agent phone:
- (317) 710-9743
- Office phone:
- (317) 572-9000
Taxes
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Tax Lot:101
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Tax Year:2024
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Semi Annual Property Tax Amt:266
Utilities
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Solid Waste:No
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Stouts Indiana Ave
Extra Units
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# of Units Total:2
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/17/25
Jul 17, 2025
|
Listed / Active | MIBOR | $425,000 | |
|
9/28/23
Sep 28, 2023
|
Price Changed | MIBOR | ||
|
5/23/23
May 23, 2023
|
Listed / Active | MIBOR |
