1633-1635 N New Jersey Street, Indianapolis, IN 46202
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
Listed by: mina kadhum
Office: trueblood real estate
MLS#:22087817
Source:IN_MIBOR
Price summary
- Price:$935,000
About this home
Premier Herron-Morton Investment: Dual Townhomes with a Premium 1 Bedroom Carriage House. This exceptional dual-residence property at 1633 & 1635 N New Jersey St offers a rare blend of turn-key living and high-performance investment potential in one of Indianapolis's most coveted historic districts. The main structure features two distinct, updated townhomes, each offering a spacious 2BR/2BA layout. Each side welcomes you with a deep, covered front porch leading into a seamless, modern interior highlighted by updated finishes, generous living areas, and gourmet kitchens. Beyond the interiors, each unit enjoys the luxury of a private, spacious fenced-in backyard. Adding unparalleled value is the massive 3-car detached garage topped by a fully-appointed 1BR/1BA carriage house. This unit provides 716 sq ft of additional living space, perfect for a high-end short-term rental, a long-term tenant, or a private guest retreat. One side is currently vacant for an owner-occupant or a new tenant, while the other is occupied for immediate cash flow at $2,399/month. The entire home is currently generating $3,834/month with a projected pro-forma potential of $6,433/month. Ideally located steps from Tinker Street, Foundry Coffee, Kroger and much more. Whether you are looking for a sophisticated "house-hack" or a flagship addition to your portfolio, this property delivers a perfect blend of performance and prestige. ***Carriage House photos are from a similar unit***
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Home facts
- Year built:1919
- Listing ID #:22087817
- Added:1 day(s) ago
- Updated:March 07, 2026 at 06:44 PM
Rooms and interior
- Basement:Yes
- Basement Description:Basement, Unfinished
Heating and cooling
- Cooling:Central Electric
- Heating:Forced Air
Structure and exterior
- Roof:Shingle
- Year built:1919
- Lot area:0.14 Acres
- Lot Features:Sidewalks, Street Lights
- Construction Materials:Wood Siding
- Exterior Features:Balcony
- Foundation Description:Block, Concrete Perimeter
Schools
- High school:George Washington High School
- Middle school:Arlington Community Middle School
- Elementary school:James Russell Lowell School 51
Utilities
- Water:Water
- Sewer:Sewer
Finances and disclosures
- Price:$935,000
Features and amenities
- Amenities:Storage
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