$150,000
427 N Gladstone Avenue
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.
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Map to 427 N Gladstone Avenue, Indianapolis, IN 46201
| MLS # | 22033106 |
|---|---|
| Date Listed | 2025-04-16 |
| Status | Active |
| Property Type | Multi-Family/Apartments |
| Property SubType | Duplex |
| New Construction | No |
| Style | Bungalow |
| Type | Duplex |
| Year Taxes Payable | 2024 |
| Year Built | 1929 |
| Days on Market | 29 |
| Design | Bungalow |
|---|
| Construction | Duplex |
|---|---|
| Lot Size | 5,445 sq ft |
| Acreage | 0.13 Acres |
| Fence | None |
| Area | Marion |
|---|---|
| County | Marion |
| Subdivision | Tuxedo Park |
| Township | Center |
| City | Indianapolis |
| State | IN |
| Zip | 46201 |
| School District | Indianapolis Public Schools |
|---|
| Assoc. Dues | $0.00 |
|---|
MLS# 22033106
Listing Provided Courtesy of Richard Graham
JMG Indiana
Richardgraham@jasonmitchellgroup.com
Listing updated April 19, 2025 at 8:09 am
Last checked 52 seconds ago
IDX information provided by the MIBOR REALTOR® Association. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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