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  • $405,000

    1631 Montcalm St, Indianapolis, IN 46202

    3beds
    2baths
    --sqft
    Multi Family, Duplex
    Built in 2026
    -- sqft lot
    $406,800 Zestimate®
    $--/sqft
    $1,750 Estimated rent

    Home value

    $406,800

    $382,000 - $431,000

    $1,750/mo

    Zestimate® history
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    $2,540/mo

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    $2,540/mo

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    What's special

    Look at this Turnkey New Construction townhome! 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 is part of the 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.Great neighborhood with rising property values and planned redevelopment. Please Reach out to our Investment team - 7655252161.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Edward Neu 317-339-5874,

    Neu Real Estate Group

    Bought with:

    Scott Veerkamp

    My Agent

    Christopher Veerkamp

    My Agent

    Source: MIBOR as distributed by MLS GRID,MLS#: 22080147MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2

    Property

    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 5,227 sqft
    Details
    • Parcel number: 490634106132000101

    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 & neighborhood

    Location
    • Region: Indianapolis
    • Subdivision: Stouts Indiana Ave

    Other

    Other facts
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    6/29/2026Listing removed$2,000
    Source: Zillow Rentals Report a problem
    6/8/2026Price change$2,000-4.8%
    Source: Zillow Rentals Report a problem
    5/13/2026Listed for rent$2,100
    Source: Zillow Rentals Report a problem
    5/11/2026Sold$405,000
    Source: MIBOR as distributed by MLS GRID #22080147 Report a problem
    3/3/2026Pending sale$405,000
    Source: MIBOR as distributed by MLS GRID #22080147 Report a problem
    1/15/2026Listed for sale$405,000-4.7%
    Source: MIBOR as distributed by MLS GRID #22080147 Report a problem
    1/2/2026Listing removed$425,000
    Source: MIBOR as distributed by MLS GRID #22051358 Report a problem
    7/17/2025Listed for sale$425,000+804.3%
    Source: MIBOR as distributed by MLS GRID #22051358 Report a problem
    12/16/2023Listing removed--
    Source: MIBOR as distributed by MLS GRID #21922786 Report a problem
    9/28/2023Listed for sale$47,000-9.6%
    Source: MIBOR as distributed by MLS GRID #21922786 Report a problem
    8/21/2023Listing removed--
    Source: MIBOR as distributed by MLS GRID #21922786 Report a problem
    5/23/2023Listed for sale$52,000+402.8%
    Source: MIBOR as distributed by MLS GRID #21922786 Report a problem
    11/28/2011Sold$10,342
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$532 -14.4%$22,400
    2024$621 +793.7%$22,400
    2023$70 -6.3%$22,400 +796%
    2022$74 +0.2%$2,500
    2021$74 -1.8%$2,500
    2020$75 -3%$2,500
    2019$78 +12.9%$2,500
    2018$69 -83.9%$2,500
    2017$428 +1.8%$2,500
    2016$421 $2,500
    2014-- --
    2013-- --
    2012-- --
    2011-- $15,400
    2010$204 +2.5%$15,400
    2009$199 $15,400 -6.1%
    2007-- $16,400

    Find assessor info on the county website

    Neighborhood: Near NW-Riverside

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • High: George Washington High School

    Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $406,800
    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
    $406,800