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  • $150,000

    427 N Gladstone Ave, Indianapolis, IN 46201

    2beds
    2baths
    --sqft
    : 
    Multi Family, Duplex
    Built in 1929
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Great duplex investment opportunity on Indy's East side! Fully occupied. Property is ideal for an investor looking to add to their portfolio or an investor just starting out. Both sides feature 1 bed and 1 bath. 427 unit rents for $700/mo and 429 unit rents for $650/mo. 429 Unit is currently month to month. Plenty of upside potential, Section 8 rents would be $1000 a month or make it a short term at $250 a week. Also great for house hacking, owner live on one side and rent out the other. Owner pays water/sewer. Room sizes are approximate. Seller will not work with wholesalers.
    10 days
    on Zillow
    |
    393
    |
    24
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 19, 2025 at 05:55am

    Listing Provided by:

    Richard Graham Richardgraham@jasonmitchellgroup.com,

    JMG Indiana

    Source: MIBOR as distributed by MLS GRID,MLS#: 22033106MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 427 N Gladstone Ave.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Features
    • Has basement: Yes

    Property

    Parking
    • Details: Unit Parking(On Street)
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 5,662.8 Square Feet
    Details
    • Parcel number: 491004119272000101
    • Special conditions: As Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Bungalow
    • Property subtype: Multi Family, Duplex
    Materials
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1929

    Community & HOA

    Community
    • Subdivision: Tuxedo Park
    Location
    • Region: Indianapolis

    Financial & listing details

    • Tax assessed value: $131,300
    • Annual tax amount: $2,402
    • Date on market: 4/16/2025
    • Road surface type: Asphalt
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