Turnkey New Construction Duplex! Strong Cash Flow & Upside Unit Mix: 2 bed/2 bath per unit x2 Units! Projected Monthly Rent: $1,680 (2x2) / $3,360 Gross Monthly Total Units: 2 Step into this new construction duplex in the revitalizing near eastside neighborhood, one of Indy's 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. Neighborhood highlights - Arsenal Heights is a historic and evolving neighborhood located on Indy's East side, known for its rich history, charming architecture, and growing redevelopment efforts. With a mix of legacy housing stock and infill development potential, the area is well-positioned for both cash-flowing assets and long-term appreciation. Strong tenant demand driven by workforce housing, student housing, and new amenities. Consistent rent growth projected with stable operating expenses. Why Invest Here? This duplex offers investors: 1. New construction peace of mind with 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. Reach out to our Investment team - 7655252161.
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Zillow last checked:
Listing updated:
Listed by:
Edward Neu317-339-5874,
Neu Real Estate Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22070448
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 2
Features
Has basement: No
Property
Features
Levels: Two
Stories: 2
Lot
Size: 5,662 Square Feet
Details
Parcel number: 491006106008000101
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family, Duplex
Condition
New Construction
New construction: Yes
Year built: 2026
Details
Builder name: Api
Community & HOA
Community
Subdivision: No Subdivision
Location
Region: Indianapolis
Financial & listing details
Tax assessed value: $10,200
Annual tax amount: $242
Date on market: 1/15/2026
Cumulative days on market: 22 days
Road surface type: Asphalt
Estimated market value
Zestimate®
$365,700
Estimated sales range
$347,000 - $384,000
Rent Zestimate®
$1,498/mo
Price history
Date
Event
Price
2/4/2026
Pending sale
$375,000
Source: MIBOR as distributed by MLS GRID #22070448Report a problem
1/15/2026
Listed for sale
$375,000+837.5%
Source: MIBOR as distributed by MLS GRID #22070448Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
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.