417 North Gladstone Avenue

Indianapolis, IN 46201

$280,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investor's Dream Duplex Near Downtown Indy, generating $2600 in passive income monthly! Welcome to this fantastic investment opportunity in the heart of Indianapolis! This duplex is located close to downtown, offering convenience and city living. Each side of this property features 3 bedrooms and 1.5 baths, providing large and comfortable living spaces for the tenants. The duplex offers several attractive features for investors, including newer HVAC systems, newer windows that ensure efficiency and...Investor's Dream Duplex Near Downtown Indy, generating $2600 in passive income monthly! Welcome to this fantastic investment opportunity in the heart of Indianapolis! This duplex is located close to downtown, offering convenience and city living. Each side of this property features 3 bedrooms and 1.5 baths, providing large and comfortable living spaces for the tenants. The duplex offers several attractive features for investors, including newer HVAC systems, newer windows that ensure efficiency and tenant comfort year-round. Recently updated kitchens showcase new flooring, modern appliances, while the bathrooms have been also renovated to appeal to any and all tenants expectations. The exterior and interiors have been freshly painted within the last few years, newer flooring in several rooms that enhances the overall appeal and upkeep of the property. For added peace of mind, this property has been inspected and approved by the City/State, ensuring it meets all safety and habitability standards necessary for hassle-free renting. Both sides of the duplex are currently leased, with reliable tenants who have expressed interest in continuing their occupancy, providing immediate rental income for the new owner. With its great location near downtown Indianapolis, this duplex presents a great opportunity for savvy investors looking to capitalize on a thriving rental market. Whether you're looking to expand your investment portfolio or start anew, this property offers a solid foundation for long-term rental income and growth potential. Don't miss out on this great investment opportunity! Schedule your showing today and seize this lucrative opportunity to invest in Indianapolis Real Estate!
  1. Listed by Adam Hopkins • eXp Realty LLC • adam@icongrouprealtors.com

Property Details for 417 North Gladstone Avenue

Architectural Style
A-Frame
Subdivision Name
Tuxedo Park
Township
Center
Zoning
ZO01
LISTING UPDATED: 11/15/2024 01:06 AM

Property Details for 417 North Gladstone Avenue

StatusActive
MLS #21990027
Days on Market65
Taxes$1,622 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1915
Lot Size0.13 AC / 5,662 SF
CountyMarion County

Virtual Tour

Building Information for 417 North Gladstone Avenue

Stories-Residences2Year Built1915Building Size-Lot Size0.13 AC / 5,662 SF

Property Information for 417 North Gladstone Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46201
  • Postal Code Plus4: 3665
  • Road Access: Access Rd
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491004119270000101
  • Semi Annual Property Tax Amt: 1622
  • Tax Year: 2023
  • TaxLot: L15/B9
School Information
  • School District: Indianapolis Public Schools
Parking
  • Garage Spaces: 2.0
Virtual Tour
Property
Lot Information
  • Acreage: <1/4 Acre
  • Building Information: Other
  • Current Use: See Remarks
  • Lot Description: Access
  • Lot Size Square Feet: 5445.0
  • Lot Size Acres: 0.13
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1915
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Tuxedo Park Add L15 B9
  • Photos Count: 13
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Web Link: hopshomes.com
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Municipal Storm Available,Municipal Storm Connected,Separate Gas Meter,Separate Sewer Meter,Water
  • Solid Waste: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Exterior Features: Lighting
  • Foundation Details: Block
Interior Features
  • Basement Description: Unfinished
  • Basement YN: Yes
  • Cooling: Central Electric
  • Heating: Forced Air
  • Levels: Two
  • Laundry Features: Connections All, Other
  • Multi Baths: 2
  • Multi Beds: 3
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: Other
Income & Expenses
  • Expenses: 0
  • Gross Income: $31,200.00
Unit 1
  • Unit Kitchen: 10x13
  • Unit Levels: 2
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas
  • Unit Type Type: 3 Bedroom
Unit 2
  • Unit Kitchen: 13x15
  • Unit Levels: 2
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas
  • Unit Type Type: 3 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities

Property History for 417 North Gladstone Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 417 North Gladstone Avenue

Taxable ValueLand$7,300Additions$134,700Total$142,000
Tax Record2023$3,368 ($281 / month)
Home Facts
Total Finished SqFt1,422 SqFtAbove Grade Finished SqFt1,422 SqFtStories2Lot Size5,445 SqFtStyleDuplexYear Built1915ZoningZO01CountyMARIONAPN49-10-04-119-270.000-101

Schools near 417 North Gladstone Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ralph Waldo Emerson School 58
PublicPK to 6

Arlington Community Middle School
Public7 to 8

Arsenal Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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417 North Gladstone Avenue is a multi-family home for sale in Indianapolis, IN 46201. This property was listed for sale on July 12, 2024 by eXp Realty LLC, it's currently listed at $280,000. It has been on the market for a total of 65 days and was last sold on June 5, 2023. This listing's school district is Indianapolis Public Schools. Nearby schools include Ralph Waldo Emerson School 58, Arlington Community Middle School and George Washington Community High School (9-12). 417 North Gladstone Avenue is a 0-bed, 0-bath, multi-family home built in 1915.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty LLC

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.