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Sold
  • $405,000

    1137 W 21st St, Indianapolis, IN 46202

    3beds
    2baths
    --sqft
    Multi Family, Duplex
    Built in 2026
    -- sqft lot
    $409,000 Zestimate®
    $--/sqft
    $1,887 Estimated rent

    Home value

    $409,000

    $384,000 - $434,000

    $1,887/mo

    Zestimate® history
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    $2,540/mo

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    What's special

    Riverside Duplex Portfolio - 3 New Construction Stacked Duplexes in One of Indy's Fastest-Growing Neighborhoods Location: Riverside Neighborhood, Indianapolis, IN Properties: 3 Duplexes (6 total units) Unit Mix: 3-bedroom/2-bath and 6-bed/4-bath layouts Total Portfolio Price: Inquire for pricing and individual pro formas Portfolio Overview Presenting a rare opportunity to acquire three newly constructed duplexes as a single, income-producing portfolio in the highly sought-after Riverside neighborhood. This portfolio offers immediate, durable cash flow, strong tax advantages, and significant long-term upside in one of Indianapolis' most dynamic redevelopment zones. Location Advantage 1. Riverside is undergoing a remarkable revitalization with major public and private investment. 2. Walkable to Riverside Park, 16 Tech Innovation District, IUPUI, hospitals and the Downtown core. 3. Strong rental demand from professionals, students, and workforce tenants seeking modern housing options close to jobs and amenities. 4. Well-positioned to benefit from long-term neighborhood appreciation and city-led redevelopment plans. Why This Portfolio? 1. Instant scale - 6 income-producing units with consistent rents and low maintenance costs. 2. New construction advantage - modern layouts, efficient systems, and minimal capital expenditures. 3. Attractive financing - eligible for competitive residential or small-balance commercial loans. 4. Flexible exit strategy - hold long-term for passive income or sell units individually for retail premiums. Perfect for: - Small to mid-size multifamily investors growing their Indy footprint. - Out-of-state buyers seeking Midwest yield with low operational headaches. - 1031 exchange buyers seeking depreciation and cash flow. - Syndicators looking to offer multiple units in one growing submarket. Reach out to Alec Neu for more details at 3172583080

    Zillow last checked:

    Listing updated:

    Listed by:

    Edward Neu 317-339-5874,

    Neu Real Estate Group

    Bought with:

    Benjamin Tupper

    Keller Williams Indy Metro S

    Cleia Tupper

    Keller Williams Indy Metro S

    Source: MIBOR as distributed by MLS GRID,MLS#: 22077788MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    Features
    • Has basement: No

    Property

    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.28 Acres
    Details
    • Parcel number: 490634107054000101

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Duplex
    Condition
    • New Construction
    • New construction: Yes
    • Year built: 2026
    Details
    • Builder name: Ipa

    Community & HOA

    Community
    • Subdivision: German Park
    Location
    • Region: Indianapolis

    Financial & listing details

    • Annual tax amount: $84
    • Date on market: 2/5/2026
    • Cumulative days on market: 2 days
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    3/27/2026Sold$405,000
    Source: MIBOR as distributed by MLS GRID #22077788 Report a problem
    2/21/2026Listing removed$1,800
    Source: Zillow Rentals Report a problem
    2/5/2026Pending sale$405,000-68.2%
    Source: MIBOR as distributed by MLS GRID #22077788 Report a problem
    12/30/2025Listed for rent$1,800
    Source: Zillow Rentals Report a problem
    10/27/2025Listing removed$1,275,000
    Source: MIBOR as distributed by MLS GRID #22051379 Report a problem
    8/15/2025Listed for sale$1,275,000
    Source: MIBOR as distributed by MLS GRID #22051379 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Near NW-Riverside

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $409,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $409,000