Description

Fully occupied Townhome with a Premium 1 Bedroom Carriage House in the Historic Herron-Morton neighborhood. This exceptional dual-residence property at 1633 & 1637 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 a spacious 2BR/2BA layout with an unfinished basement. The home welcomes you with a deep, covered front porch leading into a seamless, modern interior highlighted by updated finishes, generous living areas, and a gourmet kitchen. Beyond the interior, the home offers a private, spacious fenced-in backyard. Adding unparalleled value is the 2-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. The home & the carriage house are currently tenant occupied for immediate cash flow at a total of $3,834/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. ***Home photos are from unit 1635 & the Carriage House is from a similar unit***

Address

Open on Google Maps

Address: 1633 N New Jersey Street
City: Indianapolis
State/county: IN
Zip/Postal Code: 46202

Details

Updated on March 9, 2026 at 10:23 pm

Property ID 22088119
Price $575,000
Property Size 1717 Sqft
Land Area 0.07 Acres
Bedrooms 2
Rooms 5
Bathrooms 2
Garages 2
Garage Size x x
Year Built 1919
Property Type Single Family Residence, Residential
Property Status Active

Additional details

Utilities Natural Gas Connected
Cooling Central Air
Heating Forced Air,Natural Gas
County Marion
Property Type Residential
Parking Alley Access,Detached
Elementary School James Russell Lowell School 51
Middle School Arlington Community Middle School
High School George Washington High School
Community Features Curbs,Playground,Restaurant,Sidewalks,Street Lights,Suburban
Architectural Style Traditional