USAINIndianapolisGerman Park1137 W 21St St

Rendering view of front of home with a standing seam roof, a metal roof, and board and batten siding. (virtual rendering) | Image 1

1137 W 21 St St, Indianapolis, IN

Name: 1137 W 21 St St, Pending in Indianapolis - eXp Realty
Brand: Neu Real Estate Group
SKU: 22077788
Price: 405000 USD

Real Estate

Pending

Listed price in listed location currency (USD).

$405,000

000

MLS® 22077788

Key Facts
Description
Map

Key Facts

Type Duplex

Levels Residential Income

Size -

Garage No

Taxes

Lot Size 0.28 acres

Approx. Age 2026

MLS® Number 22077788

Property Address: 1137 W 21st St, Indianapolis, IN, 46202-1104

Average square foot calculated using Size range provided by listing agent.

Description

Riverside Duplex Portfolio - 3 New Construction Stacked Duplexes in One of Indy's Fastest-Growing Neighborhoods Location: Riverside Neighborhood, Indianapolis, IN Properties: 3 Duplexes (6 total units) Unit Mix: 3-bedroom/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-producing 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

MLS® Number22077788

Laundry Level

Central VacNo

FireplaceNo

Acreage0.28

Exterior

GarageNo

Approx. Age2026

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

-Sold Price

Pending

Feb 4, 2026List Date

$405,000List Price

Commute

Commute

Starting Address

Destination Address

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