1137 W 21st Street
Indianapolis, IN 46202
0.28 acres | #22051379

Description
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
- School DistrictIndianapolis Public Schools
- SubdivisionGerman Park
- Original List Price$1,275,000
- Property TypePurchase
- MLS #22051379
- MLS #22051379
- Cost1275000
- CountyMarion
- Property SubtypeDuplex
- Acres0.28
- Year Built2025
Location
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Last Updated:Â . Source: MIBOR
Listing Courtesy
Listing Agent: Edward Neu (#MBR28260)
Listing Office: Neu Real Estate Group (#MBRJTMN01)

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