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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***
Property Type(s):
Single Family
| Last Updated | 6/8/2026 | Tract | Allen & Roots North |
|---|---|---|---|
| Year Built | 1919 | Community | 4910 - Marion - Center |
| Garage Spaces | 2.0 | County | Marion |
SCHOOLS
| Elementary School | James Russell Lowell School 51 |
|---|---|
| Jr. High School | Arlington Community Middle School |
| High School | George Washington High School |
Price History
| Prior to Jun 8, '26 | $575,000 |
|---|---|
| Jun 8, '26 - Today | $499,900 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer |
| AREA | 4910 - Marion - Center |
| BASEMENT | Crawl Space, Unfinished, Yes |
| CONSTRUCTION | Wood Siding |
| GARAGE | Yes |
| HEAT | Forced Air, Natural Gas |
| INTERIOR | Eat-in Kitchen, Pantry |
| LOT | 3049 sq ft |
| PARKING | Alley Access, Detached, Guest |
| STORIES | 2 |
| STYLE | Traditional |
| SUBDIVISION | Allen & Roots North |
| UTILITIES | Natural Gas Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City, Neighborhood |
| WATER | Public |
Location
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Listed with Trueblood Real Estate
Listing information is deemed reliable, but not guaranteed.
© 2026 Metropolitan Indianapolis Board of REALTORS®
© 2026 Metropolitan Indianapolis Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2026.
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