1631 Montcalm Street Indianapolis, IN 46202

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Presented By
Mike Thomas Associates
9601 Coldwater Road
Fort Wayne, IN 46825
(260) 489-2000
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Duplex

$425,000

1631 Montcalm Street

0.12 Acres
Property Description

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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Property
MLS # 22051358
Date Listed 2025-07-17
Status Active
Property Type Multi-Family/Apartments
Property SubType Duplex
New Construction Yes
Type Duplex
Year Taxes Payable 2024
Year Built 2025
Days on Market 142
External Features
Construction Duplex
Lot Size 5,009 sq ft
Acreage 0.12 Acres
Fence None
Location
Area Marion
County Marion
Subdivision Stouts Indiana Ave
Township Center
City Indianapolis
State IN
Zip 46202
Schools
School District Indianapolis Public Schools
Financial
Assoc. Dues $0.00

MLS# 22051358
Listing Provided Courtesy of Edward Neu
Neu Real Estate Group
ed@neurealestategroup.com

Listing updated October 4, 2025 at 10:09 am
Last checked 10 minutes ago

IDX information provided by the MIBOR REALTOR® Association. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Learn More About 1631 Montcalm Street

Presented By
Mike Thomas Associates
9601 Coldwater Road
Fort Wayne, IN 46825
(260) 489-2000
Email
Agent to Contact

By clicking "Send Message", you agree to be contacted by Sarah Hubley about your request. Please see our Privacy Policy.