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$150,000 -

427 N Gladstone Avenue Indianapolis IN 46201

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.13
Acres

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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Property Details

Price: $150,000 Previously: $150,000 Originally: $150,000 Bathrooms: 0.00 MLS #: 22033106 Year Built: 1929 Township: Center Type: Residential Income Zip Code: 46201 City: Indianapolis Subdivision: Tuxedo Park County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:

Exterior Features

Exterior Features:
  • Features: Not Applicable
  • # Acres: 0.13

Listing Office: Jmg Indiana

Office Contact: Richardgraham@jasonmitchellgroup.com

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2026 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on February 3rd, 2026 at 10:14am EST.

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