1631 Montcalm Street, Indianapolis, IN 46202
Local realty services provided by:CENTURY 21 Scheetz
1631 Montcalm Street,Indianapolis, IN 46202
$405,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: edward neu
Office: neu real estate group
MLS#:22080147
Source:IN_MIBOR
Price summary
- Price:$405,000
About this home
Look at this Turnkey New Construction townhome! Strong Cash Flow & Upside Unit Mix: 3 bed/2 bath per unit x2 Units! Projected Monthly Rent: $1,793 (3x2) / $3,586 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. Riverside is located just northwest of downtown Indianapolis, bordered by the White River to the east. It offers convenient access to major roads like I-65 and I-70, making it attractive for residents commuting to downtown or nearby employment hubs. Its proximity to the 16 Tech Innovation District is part of the appeal for young professionals and investors. This neighborhood is primed for investors seeking long-term upside in emerging urban markets with strong affordability metrics and barriers to entry in nearby submarkets. Strong tenant demand driven by workforce housing, student housing, and new amenities. Consistent rent growth projected with stable operating expenses. Why you should 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.Great neighborhood with rising property values and planned redevelopment. Please Reach out to our Investment team - 7655252161.
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Home facts
- Year built:2026
- Listing ID #:22080147
- Added:42 day(s) ago
- Updated:February 27, 2026 at 04:38 AM
Structure and exterior
- Year built:2026
- Lot area:0.12 Acres
Schools
- High school:George Washington High School
Finances and disclosures
- Price:$405,000
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