1633-1635 N New Jersey Street, Indianapolis, IN 46202

Property Description

Premier Herron-Morton Investment: Dual Townhomes with a Premium 1 Bedroom Carriage House. This exceptional dual-residence property at 1633 & 1635 N New Jersey St offers a rare blend of turn-key living and high-performance investment potential in one of Indianapolis's most coveted historic districts. The main structure features two distinct, updated townhomes, each offering a spacious 2BR/2BA layout. Each side welcomes you with a deep, covered front porch leading into a seamless, modern interior highlighted by updated finishes, generous living areas, and gourmet kitchens. Beyond the interiors, each unit enjoys the luxury of a private, spacious fenced-in backyard. Adding unparalleled value is the massive 3-car detached garage topped by a fully-appointed 1BR/1BA carriage house. This unit provides 716 sq ft of additional living space, perfect for a high-end short-term rental, a long-term tenant, or a private guest retreat. One side is currently vacant for an owner-occupant or a new tenant, while the other is occupied for immediate cash flow at $2,399/month. The entire home is currently generating $3,834/month with a projected pro-forma potential of $6,433/month. Ideally located steps from Tinker Street, Foundry Coffee, Kroger and much more. Whether you are looking for a sophisticated "house-hack" or a flagship addition to your portfolio, this property delivers a perfect blend of performance and prestige. ***Carriage House photos are from a similar unit***

Listing Status:

Active

Data Last Updated:

May 21, 2026 at 2:19AM

Listing Office:

Trueblood Real Estate : 317-374-6055

Listing Agent:

Mina Kadhum : 317-374-6055

MLS ID:

22087817

Interior

• Laundry: Laundry ClosetUpper LevelLaundry Room
• Basement: Unfinished
• A/C: Central Air
• Heating: Forced AirNatural Gas

Exterior

• General: Carriage/Guest HouseBalcony
• Style: Traditional
• Parking: Alley AccessDetached

Construction

• Roofing: Shingle
• General: TwoConcrete PerimeterBlock

Location

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

Lot

• Zoning: Allen & Roots N Add N 1/2 L196490636158242002101
• View: CityNeighborhoodView
• Fencing: FullPrivacyGate
• Current Use: ResidentialVacant

Financial

• Source: mibor