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$405,000 -

1631 Montcalm Street Indianapolis IN 46202

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.12
Acres

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.

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Property Details

Price: $405,000 Previously: $405,000 Originally: $405,000 Bathrooms: 0.00 MLS #: 22080147 Year Built: 2026 Township: Center Type: Residential Income Zip Code: 46202 City: Indianapolis Subdivision: Stouts Indiana Ave County: Marion School District: Indianapolis Public Schools High School: George Washington High School

Interior Features

Interior Features:

Exterior Features

Exterior Features:
  • # Acres: 0.12

Listing Office: Neu Real Estate Group

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Listing information last updated on January 20th, 2026 at 3:28am EST.

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