1633-1635 N New Jersey StreetIndianapolis, IN 46202
Mortgage Calculator
Monthly Payment (Est.)
$4,266Premier 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 Renderings Coming Soon***
| 8 hours ago | Listing first seen on site | |
| 8 hours ago | Listing updated with changes from the MLS® |
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.
Based on information submitted to the MLS GRID as of 2026-03-07 06:17 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.