1137 W 21st St Indianapolis, IN 46202
Riverside NeighborhoodEstimated payment $6,954/month
Total Views
293
3
Beds
2
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
Riverside Duplex Portfolio - 3 New Construction Assets in One of Indy's Fastest-Growing Neighborhoods Location: Riverside Neighborhood, Indianapolis, IN Properties: 3 Duplexes (6 total units) Unit Mix: Modern 3-bed/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, 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-generating 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
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $84
Year Built
- Built in 2025
Home Design
- Duplex
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Additional Features
- 2-Story Property
- 0.28 Acre Lot
Community Details
- German Park Subdivision
Listing and Financial Details
- Tax Lot 101
- Assessor Parcel Number 490634107054000101
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $83 | $3,000 | $3,000 | -- |
| 2023 | $83 | $3,000 | $3,000 | $0 |
| 2022 | $83 | $3,000 | $3,000 | $0 |
| 2021 | $77 | $2,600 | $2,600 | $0 |
| 2020 | $77 | $2,600 | $2,600 | $0 |
| 2019 | $78 | $2,600 | $2,600 | $0 |
| 2018 | $28 | $900 | $900 | $0 |
| 2017 | $1,119 | $2,200 | $2,200 | $0 |
| 2016 | $57 | $2,200 | $2,200 | $0 |
| 2014 | $64 | $2,200 | $2,200 | $0 |
| 2013 | $204 | $2,200 | $2,200 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | For Sale | $1,275,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | $800 | -- | |
| Sheriffs Deed | $15,565 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $286,000 | Construction | |
| Closed | $286,000 | Construction | |
| Closed | $0 | Construction |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22051379
APN: 49-06-34-107-054.000-101
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