$1,275,000

Estimated payment $6,767/month

Total Views 3,757
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, hospitals 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

Listing Agent

Ed Neu

Neu Real Estate Group License #RB14039123 Listed on: 08/15/2025

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$84

Year Built

Built in 2025

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Builder Name: IPA
  • Property Type: Residential Income
  • New Construction: Yes
  • Tax Year: 2024
  • Year Built: 2025
  • Lot Size Acres: 0.28
  • Subdivision Name: German Park
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 637500
  • Special Features: NewHome

Interior Features

  • Levels: Two
  • Total Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • List Price: 1275000
  • Construction Stage: Permit on File
  • Road Access: See Remarks

Utilities

  • Solid Waste: No

Fee Information

  • Expenses: 25640

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 12371
  • Parcel Number: 490634107054000101
  • Acres: 1/4-1/2 Acre
  • Price Acre: 4553571

Multi Family

  • Gross Income: 113682
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 84
  • Tax Lot: 101
  • Semi Annual Property Tax Amt: 42

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Warranty Deed -- Eagle Land Title
Warranty Deed -- None Listed On Document
Quit Claim Deed -- --
Quit Claim Deed $800 --
Sheriffs Deed $15,565 --
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22051379

MIBOR Broker Listing Cooperative®

APN: 49-06-34-107-054.000-101