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.
Active
$150,000
427 N Gladstone Ave, Indianapolis, IN 46201
2beds
2baths
--sqft
Est.:
Multi Family, Duplex
Built in 1929
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 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#: 22033106

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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