1631 Montcalm Street, Indianapolis, IN 46202

Property Description

Look at this 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 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 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 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. Generous depreciation & tax benefits to offset income. 4. A prime position in a neighborhood with rising property values and planned redevelopment. Please Reach out to our Investment team - 7655252161.

Listing Status:

Active

Data Last Updated:

February 16, 2026 at 1:19PM

Listing Office:

Neu Real Estate Group : 317-710-9743

Listing Agent:

Edward Neu : 317-710-9743

MLS ID:

22080147

Construction

• General: Two

Location

• Road/Access: City Street
• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: Stouts Indiana Ave Add L552490634106132000101
• Current Use: See Remarks

Financial

• Source: mibor