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Riverside Multifamily Home for Sale

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    $425,000

    • 3 Beds
    • 2 Baths

    1631 Montcalm St, Indianapolis, IN 46202

    Turnkey New Construction Duplex in Riverside - Strong Cash Flow & Upside Unit Mix: (2) 3 bed / 2 bath; Projected Monthly Rent: $1,818 (3x2) / $3,636 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

    Ed Neu Neu Real Estate Group

    1631 Montcalm St, Indianapolis, IN 46202

Why Live in Riverside

Riverside, a historic neighborhood in Indianapolis, features a variety of home styles, predominantly traditional ranch-style houses, American Foursquares, and bungalows, with most homes built before 1939. Contemporary custom houses have been added since 2020. Riverside Park, a key attraction, offers a boat launch, playground, playing fields, tennis complex, basketball courts, indoor aquatic center, outdoor waterslides, and a splash pad. The nearly 5-mile-long White River Trail and the Thomas Taggart Memorial Amphitheater, home to the Indianapolis Shakespeare Company, are notable features. The neighborhood also boasts two golf courses along the riverfront. Riverside's social scene is revitalized by new shops and restaurants, particularly in the 16 Tech Innovation District, which includes The AMP, a food hall and artisan marketplace. Guggman Haus Brewery is a popular local spot for dining and socializing. The neighborhood is 3 miles from the Indianapolis 500 at the Indianapolis Motor Speedway. Riverside is car-dependent but has public transportation via IndyGo bus stops. The area is safer than the national average. Herron-Riverside High, an A-minus-rated public charter school, is located in the neighborhood. Nearby colleges include Marian University and IU Indianapolis. The neighborhood is less than a mile from Interstate 65, with Indianapolis International Airport about 12 miles away.

Home Trends in Riverside, IN

Housing Trends

Median Sale Price
$435,000
Median Single Family Sale Price
$390,000
Median Townhouse Sale Price
$299,990
Median 2 Bedroom Sale Price
$435,000
Average Price Per Sq Ft
$223
Number of Homes for Sale
6
Last 12 months Home Sales
72
Months of Supply
1.00
Median List Price
$377,255
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-11%
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