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    1631 Montcalm St Indianapolis, IN 46202

    For Sale
    $425,000

    Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.12 Acres
    Days on Market:
    65
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 1631 Montcalm St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Property condition
    New Construction
    Standard status
    Active
    APN
    490634106132000101
    Lot size
    0.12 Acres

    Building Details

    Year built
    2025
    Number of units
    2
    Architectural style
    Other
    BuilderName
    IPA

    Edward L Neu DBA Neu Real Estate Group (317) 710-9743 [email protected]

    Listing agent Edward Neu (317) 572-9000 License #RB14039123

    Listing date Oct 4, 2025

    MLS# 22051358 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Construction Duplex in Riverside

    This new construction duplex is located in the revitalizing Riverside neighborhood, an area experiencing major revitalization and one of Indianapolis' fastest-growing corridors for residential and mixed-use development. The property is designed for strong cash flow, long-term appreciation, and excellent tax advantages. The unit mix consists of two 3-bedroom, 2-bath units. The projected monthly rent is $1,818 per unit, resulting in a gross monthly income of $3,636. The location provides proximity to Downtown, IUPUI, the 16 Tech Innovation District, Riverside Park, and new retail and commercial projects. Strong tenant demand is driven by workforce housing, student housing, and new amenities. Consistent rent growth is projected with stable operating expenses. Investing in this duplex offers new construction with minimal maintenance and modern finishes, attractive returns in a market with limited new build inventory, generous depreciation and tax benefits, and a prime position in a neighborhood with rising property values and planned redevelopment. The lot size is 0.12 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.179806
    Latitude
    39.789643

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    FAQs

    What type of property is this?
    Duplex - New construction duplex in revitalizing Riverside neighborhood with strong cash flow.
    Where is this duplex located?
    The property is located at 1631 Montcalm St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Turnkey new construction duplex, minimizing maintenance and offering modern finishes.; - Located in Riverside, a rapidly revitalizing neighborhood near Downtown, IUPUI, and the 16 Tech Innovation District.; - Strong cash flow potential with projected gross monthly rent of $3,636.
    (317) 572-9000
    Request Owner's contact information
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    Indianapolis, IN 46202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1631 Montcalm St Indianapolis, IN 46202
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