3 days on Rocket
$1,769 Closing Credit¹
#22025389, Evona Watson, Listing Office: Triple E Realty, LLC
$150,000 List price
427 N Gladstone Ave Indianapolis, IN 46201
$1,781
Closing credit¹
0.1 acres
Multi-Family
Property details
About 427 N Gladstone Ave
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.
Highlights
Home typeDuplex
StatusActive
BasementYes
Lot size0.13 Acres
Year built1929
MLS #22017307
Summary
- MLS Number: 22017307
- MLS Name: MIBOR
- Office Name: Fair Market Value Investment Sales
- Office Email: richgraham@fmvrei.com
- Listing Agent: Richard Graham
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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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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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 8:16:49 AM 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
$150,000
427 N Gladstone Ave
$1,781
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 15, 2023 | Home Sold | $129,900 |
| Oct 01, 2020 | Home Sold | $63,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $104,900 | $2,488 |
| 2022 | $101,700 | $2,401 |
| 2021 | $71,100 | $1,630 |
| 2020 | $70,400 | $1,066 |
| 2019 | $69,000 | $1,683 |
| 2018 | $66,000 | $1,399 |
| 2017 | $60,800 | $1,258 |
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.
Neighborhood
The neighbors living near this home have an average income of $34,440. Most Indianapolis, IN residents have annual incomes less than $<35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
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 Boxing
Mexican League Soccer
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
White Castle
Church's Chicken
Golden Corral
What do the neighbors drive?
Chevrolet
Kia
Toyota
What do the neighbors listen to?
Rock
Urban Adult Contemporary
Adult Standards
All data provided by Home Junction and Claritas
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This home is located at 427 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 January 10, 2025 and is currently priced at $150,000.
Over 85 listings were sold over their listed price in February 2025 in Indianapolis, IN. In the same period over 402 listings were sold below the listed price and 159 listings were sold for the listed price. The inventory of homes for sale in Indianapolis, IN between January and February 2025 increased by 4.3%. While the average time on the market in February 2025 was 55 days, the median list price was $249,976.
From Rocket Homes Real Estate and based on county public records data.