$3,324

closing credit¹

417 N Gladstone Ave Indianapolis, IN 46201

$279,900
0.1 acres
Multi-Family

Property details

About 417 N Gladstone Ave

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!

Highlights

Home typeDuplex
HeatingForced Air
StatusSale Pending
(Pending)
CoolingCentral Air
BasementYes
Lot size0.13 Acres
Year built1915
MLS #21990027

Summary

  • MLS Number: 21990027
  • MLS Name: MIBOR
  • Office Name: eXp Realty LLC
  • Office Email: adam@icongrouprealtors.com
  • Listing Agent: Adam Hopkins

IDX Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

Copyright ©2025 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated on: 2/8/2025, 2:16:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

bungalow-style home with covered porch

$279,900

417 N Gladstone Ave

$3,324

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jun 09, 2023
Home Sold
$240,000
Jun 22, 2022
Home Sold
$160,000
Mar 01, 2019
Home Sold
$40,000

Tax history

YearAssessmentProperty Tax
2023$142,000$3,368
2022$137,400$3,244
2021$95,000$2,225
2020$96,100$2,347
2019$94,000$2,268
2018$89,900$1,888
2017$83,100$904

History based on county public records data.

Nearby schools

3

Ralph W. Emerson Elementary School 58

Public District PK-6

0.2 mi

321 N Linwood Ave

3

Christian Park Elementary School 82

Public District KG-6

1.0 mi

4700 English Ave

3

Brookside Elementary School 54

Public District KG-6

1.0 mi

3150 E 10th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $34,440. Most Indianapolis, IN residents have annual incomes less than $<35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

51%
<35k
42%
35k-100k
6%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

48%
Single, No Kids
21%
Single, with Kids
14%
Married, No Kids
17%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

21%
<11 yrs old
8%
12-17 yrs old
26%
18-34 yrs old
40%
35-64 yrs old
5%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer
  • NHRA Drag RacingNHRA Drag Racing

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • BurlingtonBurlington
  • Big LotsBig Lots

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Church's ChickenChurch's Chicken
  • Golden CorralGolden Corral

What do the neighbors drive?

  • ChevroletChevrolet
  • KiaKia
  • ToyotaToyota

What do the neighbors listen to?

  • RockRock
  • Urban Adult ContemporaryUrban Adult Contemporary
  • Adult StandardsAdult Standards
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 417 N Gladstone Ave in Indianapolis, IN and zip code 46201 in the Near Eastside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 12, 2024 and is currently priced at $279,900.

In January 2025 more than 100 listings in Indianapolis, IN were sold above the asking price. During the same period more than 147 listings were sold at asking price, while more than 354 were sold below. The number of homes for sale in Indianapolis, IN decreased by 2.2% between December and January 2025. While the average time on the market in January 2025 was 48 days, the median list price was $249,950.

From Rocket Homes Real Estate and based on county public records data.

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