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Kade Koch

kade@kadekochrealty.com +1(317) 697-7953

Listed by Edward Neu • Neu Real Estate Group

$ 405,000

Est. payment -/mo

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1631 Montcalm ST Indianapolis, IN 46202

5,227 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Stouts Indiana Ave

MLS Listing ID 22080147

Year Built 2026

Tax Year 2024

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Duplex

Property Description

Turnkey New Construction Duplex! 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 Martindale/Brightwood 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 adds to its 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 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 our Investment team - 7655252161.

Location

State IN

County Marion

Interior

Fireplace N

Exterior

View Y/N false

Building

Story Two

New Construction true

Schools

High Schools George Washington High School

School District Indianapolis Public Schools

SCHOOLSPROPERTIES

Elementary Schools 20

6

Center For Inquiry School 2

Public | KG - 8
5

Ernie Pyle School 90

Public | PK - 6
3

William Penn School 49

Public | KG - 6
3

William a Bell School 60 Reggio Academy

Public | PK - 3
2

Daniel Webster School 46

Public | KG - 8
2

Riverside School 44

Public | PK - 6
2

James a Garfield School 31

Public | KG - 8
2

Indiana School for the Deaf

Public | PK - 12
1

Stephen Collins Foster School 67

Public | KG - 6
1

Cold Spring School

Public | KG - 6
1

Wendell Phillips School 63

Public | KG - 6
1

Elder W Diggs School 42

Public | PK - 6
1

James Whitcomb Riley School 43

Public | KG - 8
1

Louis B Russell Jr School 48

Public | PK - 6
1

Se Neighborhood School of Excellence

Public | KG - 7
1

Washington Irving School 14

Public | PK - 6
1

Francis Parker Montessori School 56

Public | PK - 8
0

St Michael-St. Gabriel Archangels Catholic Eleme

Private | PK - 8
0

Purpose of Life Academy

Private | PK - KG
0

Padua Academy

Public | KG - 8

Middle Schools 8

0

Cardinal Ritter High School

Private | 7 - 12
0

Basic Preparatory Academy

Private | 7 - 12
0

George Washington Community Jr High School

Public | 7 - 8
0

Key Learning Community Jr High School

Public | 6 - 8
0

Crispus Attucks Med Mgnt Jr High School

Public | 6 - 8
0

Carpe Diem - Meridian Campus

Public | 6 - 12
0

Shortridge Law & Pub Pol Mag Jr High School

Public | 6 - 8
0

Longfellow Magnet Middle School

Public | 7 - 8

High Schools 9

10

Herron High School

Public | 9 - 12
5

Crispus Attucks Medical Magnet High School

Public | 9 - 12
4

Key Learning Community High School

Public | 9 - 12
4

Shortridge Law & Public Plcy Mg High School

Public | 9 - 12
1

George Washington Community High School

Public | 9 - 12
1

Indianapolis Metropolitan High School

Public | 9 - 12
0

Providence Cristo Rey High School

Private | 9 - 12
0

The Excel Center - Lafayette Sq

Public | 9 - 12
0

Excel Center for Adult Learners

Public | 9 - 12

School and business data provided by Attom Data.

Kade Koch

Broker Associate

+1(317) 697-7953

Kade Koch

1631 Montcalm ST Indianapolis, IN 46202

Key Details

Location

Interior

Exterior

Building

Schools

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1631 Montcalm ST