#22009552, Edward Neu, Listing office: Neu Real Estate Group
Property details
About 1631 Montcalm St
Turnkey New Construction Duplex in Riverside - Strong Cash Flow & Upside Unit Mix: (2) 3 bed / 2 bath + (2) 6 bed / 4 bath Projected Monthly Rent: $1,818 (3x2) / $3,636 (6x4) 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. Neighborhood Highlights - Located in Riverside, a historic area experiencing major revitalization, with proximity to Downtown, IUPUI, 16 Tech Innovation District, Riverside Park, and new retail/commercial projects. - 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 - 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 Alec Neu for more details at 3172583080
Highlights
Home typeDuplex
StatusActive
Lot size0.12 Acres
Year builtNew Const., 2025
MLS #22051358
Summary
- List Price: $425,000
- Annual Tax Amount: $621
- Tax Year: 2023
- Directions: GPS Friendly
- Year Built: 2025
- Lot Size: 0.12 Acres
- MLS Number: 22051358
- MLS Name: MIBOR
- Office Name: Neu Real Estate Group
- Listing Agent: Edward Neu
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice
Copyright ©2025 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to helpdesk@miborsupport.com and DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/18/2025, 8:31:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 26, 2004 | Home Sold | $33,842 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $22,400 | $621 |
| 2022 | $2,500 | $69 |
| 2021 | $2,500 | $74 |
| 2020 | $2,500 | $75 |
| 2019 | $2,500 | $77 |
| 2018 | $2,500 | $68 |
| 2017 | $2,500 | $65 |
History based on county public records data.
Nearby schools
3
Global Preparatory Academy
Public Charter KG-6
0.4 mi
•2033 Sugar Grove Ave
4
Ernie Pyle Magnet Elementary School 90
Public District PK-6
1.9 mi
•3351 W 18th St
5
Allegiant Preparatory Academy
Public Charter KG-3
1.9 mi
•3125 Concord Ct Ste B
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,476. The most common annual income of people living in Indianapolis, IN is less than $<35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
67%
<35k
32%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
59%
Single, No Kids
22%
Single, with Kids
10%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
9%
12-17 yrs old
24%
18-34 yrs old
42%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Soccer
NBA/WNBA
NHRA Drag Racing
Where do the neighbors shop?
Forever 21
Express/Express For Men
Big Lots
Where do the neighbors go to eat?
Dominos Pizza
Starbucks
Golden Corral
What do the neighbors drive?
Mazda
Pontiac
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary- Adult Standards
All data provided by Home Junction and Claritas
Similar homes for sale
#22048349, Jocelyn Young, Listing office: AMR Real Estate LLC
#22037374, Barry Hines, Listing office: Realty Wealth Advisors
#22036303, Jaswinder Samra, Listing office: Keller Williams Indy Metro NE
Frequently asked questions
About 1631 Montcalm St
The listing price of 1631 Montcalm St property is $425,000.
The property 1631 Montcalm St is a multi located in Indianapolis, Indiana, 46202.
Active Listing: 1631 Montcalm St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1631 Montcalm St are: Global Preparatory Academy (GreatSchools Rating 3/10), Ernie Pyle Magnet Elementary School 90 (GreatSchools Rating 4/10), Allegiant Preparatory Academy (GreatSchools Rating 5/10), Vision Academy (GreatSchools Rating 2/10), Matchbook Learning at Wendell Phillips School 63 (GreatSchools Rating 3/10), George Washington Carver Montessori School 87 (GreatSchools Rating 6/10), Crispus Attucks High School (GreatSchools Rating 1/10), Excel Center for Adult Learners (GreatSchools Rating 1/10), Indianapolis Metropolitan High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $621 (source: MLS/based on county public records data).
The last sale was on May 26, 2004 for $33,842 (source: MLS/tax record).
The year of construction for 1631 Montcalm St is 2025.
This home is located at 1631 Montcalm St in Indianapolis, IN and zip code 46202 in the Near Northwest / Riverside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 17, 2025 and is currently priced at $425,000.
Indianapolis, IN housing market in June 2025 saw over 266 listings sold above listed price, more than 276 sold at listed price and over 527 sold below. Between May and June 2025, Indianapolis, IN real estate market has seen decrease in the number of listings by 0.2%. In June 2025 median list price was $251,183 and the average listing age was 31 days.
From Rocket Homes Real Estate and based on county public records data.