Sold559d on marketHistoric · 101 yrs
507 N Gladstone Ave
Indianapolis, IN, 46201 • Near Eastside • Marion County
$130,000
1Beds
1Baths
0.09 acLot
1925Built
Property DNA
Ranch Style
Built 1925 · 101 years of history
Tuxedo Park
Near Eastside
This home is getting attention
Listed 559 days ago · 1 views
Market activity
Demand and pricing signals for this listing
1 views
People checking out this listing
559 days on market
Established listing
Selling Soon Prediction
ModerateThis home ranks in the top 45% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1925 · Historic
INVESTOR ALERT! Welcome to your next turnkey investment opportunity in Indianapolis - a lovely remodeled ranch duplex in the popular Tuxedo Park neighborhood! Located in the heart of Indy's near Eastside, this duplex is strategically situated for convenience and growth. It's an excellent location with tons of development happening in the area and less than a 10-minute drive into downtown. Completely renovated in the last ~4 years, this property boasts a newer roof, siding, windows, furnace, water heater, electrical, plumbing, carpet, paint, and more. Brand new furnace on the 509 side! Both units are identical, each featuring 1 bedroom/1 bathroom, 700sq ft, with an unfinished basement. Both are currently occupied, ensuring immediate income for the savvy investor. Rents are $650 per side. Unit 507's lease is month to month, and 509's is up in Oct 2024. Tenants pay for electricity, and the owner pays for water/sewer. Surrounded by parks, schools, shopping, dining, transportation, and more, this property offers a desirable lifestyle for tenants, ensuring strong demand and occupancy rates. Don't miss out on this prime opportunity to secure steady returns in a flourishing area!
Standout features identified
Our analysis highlights unfinished basement, newer roof, and water heater as key attractions of this home.
Estimated monthly payment
Based on current rates
$853/month
Principal & Interest$680
Property Tax$130
Insurance$43
Down payment20% ($26,000)
3%50%
Est. 6.83% rate · 30yr fixed · $104,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family, Duplex
Year Built1925
HeatingForced Air
CoolingNone
ParkingOpen Parking
Property
Home typeMulti Family
Sub-typeMulti Family, Duplex
StyleRanch
Year built1925
Stories1
Systems
HeatingForced Air
CoolingNone
RoofAsphalt
ConstructionVinyl Siding
Parking & Outdoor
ParkingStreet Only
BasementUnfinished
Lot3,920 sqft
Location & Tax
NeighborhoodNear Eastside
ZoningMU1
Annual tax$3,318
Parcel491004119417000101
Features & details
6 categories of property features
Interior Features
Heating
Forced Air
Cooling
None
Laundry
Connections All
In Basement
Exterior Features
Parking
Street Only
Construction
Vinyl Siding
Lot Features
Sidewalks
Listing insights
Market data and value estimates
StatusSold
Days on market559
Est. value$136,000
Est. rent$798/mo
Tax rate0.96%
On marketApr 22, 2024
PostedApr 22, 2024
Last sold$130,000
MLS statusSold
MLS updatedOct 2, 2024
Tour days6
Views1
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46201
Price history
28 events
DateEventPrice$/sqftSource
Sep 26, 2024Sold$130,000—MIBOR as distributed by MLS GRID
Aug 29, 2024Pending Sale$140,000—MIBOR as distributed by MLS GRID
Aug 22, 2024Price Change$140,000—MIBOR as distributed by MLS GRID
Aug 7, 2024Price Change$145,000—MIBOR as distributed by MLS GRID
May 31, 2024Price Change$152,500—MIBOR as distributed by MLS GRID
Apr 22, 2024Listed For Sale$159,000—MIBOR as distributed by MLS GRID
Sep 24, 2023Listing Removed——MIBOR as distributed by MLS GRID
May 31, 2023Listed For Sale$175,000—MIBOR as distributed by MLS GRID
May 18, 2023Listing Removed——MIBOR as distributed by MLS GRID
Apr 26, 2023Price Change$175,000—MIBOR as distributed by MLS GRID
Mar 23, 2023Listed For Sale$185,000—MIBOR as distributed by MLS GRID
Nov 9, 2021Listing Removed——Zillow Rental Network Premium
Oct 26, 2021Sold$150,000—Public Record
Oct 25, 2021Listed For Rent$650—Zillow Rental Network Premium
Jun 11, 2021Sold$60,000—MIBOR as distributed by MLS GRID
Jun 1, 2021Pending Sale$65,000—MIBOR as distributed by MLS GRID
May 26, 2021Listed For Sale$65,000—MIBOR as distributed by MLS GRID
May 3, 2021Pending Sale$65,000—MIBOR as distributed by MLS GRID
Apr 29, 2021Listed For Sale$65,000—MIBOR as distributed by MLS GRID
Apr 21, 2021Pending Sale$65,000—MIBOR as distributed by MLS GRID
Apr 18, 2021Listed For Sale$65,000—MIBOR as distributed by MLS GRID
Nov 27, 2018Listing Removed$500—RPM Indianapolis Edge
Oct 17, 2018Price Change$500—RPM Indianapolis Edge
Oct 2, 2018Listed For Rent$530—Real Property Management Indianapolis Edge
Jan 16, 2018Listing Removed$500—Invictus Property Management
Jan 12, 2018Listed For Rent$500—Invictus Property Management
Apr 6, 2015Sold$3,212—Public Record
Dec 15, 2006Sold$22,750—Public Record
Sold$130,000
Sep 26, 2024•MIBOR as distributed by MLS GRID
Pending Sale$140,000
Aug 29, 2024•MIBOR as distributed by MLS GRID
Price Change$140,000
Aug 22, 2024•MIBOR as distributed by MLS GRID
Price Change$145,000
Aug 7, 2024•MIBOR as distributed by MLS GRID
Price Change$152,500
May 31, 2024•MIBOR as distributed by MLS GRID
Listed For Sale$159,000
Apr 22, 2024•MIBOR as distributed by MLS GRID
Listing Removed—
Sep 24, 2023•MIBOR as distributed by MLS GRID
Listed For Sale$175,000
May 31, 2023•MIBOR as distributed by MLS GRID
Listing Removed—
May 18, 2023•MIBOR as distributed by MLS GRID
Price Change$175,000
Apr 26, 2023•MIBOR as distributed by MLS GRID
Listed For Sale$185,000
Mar 23, 2023•MIBOR as distributed by MLS GRID
Listing Removed—
Nov 9, 2021•Zillow Rental Network Premium
Sold$150,000
Oct 26, 2021•Public Record
Listed For Rent$650
Oct 25, 2021•Zillow Rental Network Premium
Sold$60,000
Jun 11, 2021•MIBOR as distributed by MLS GRID
Pending Sale$65,000
Jun 1, 2021•MIBOR as distributed by MLS GRID
Listed For Sale$65,000
May 26, 2021•MIBOR as distributed by MLS GRID
Pending Sale$65,000
May 3, 2021•MIBOR as distributed by MLS GRID
Listed For Sale$65,000
Apr 29, 2021•MIBOR as distributed by MLS GRID
Pending Sale$65,000
Apr 21, 2021•MIBOR as distributed by MLS GRID
Listed For Sale$65,000
Apr 18, 2021•MIBOR as distributed by MLS GRID
Listing Removed$500
Nov 27, 2018•RPM Indianapolis Edge
Price Change$500
Oct 17, 2018•RPM Indianapolis Edge
Listed For Rent$530
Oct 2, 2018•Real Property Management Indianapolis Edge
Listing Removed$500
Jan 16, 2018•Invictus Property Management
Listed For Rent$500
Jan 12, 2018•Invictus Property Management
Sold$3,212
Apr 6, 2015•Public Record
Sold$22,750
Dec 15, 2006•Public Record
Tax history
22 years of records
YearTax paidAssessed value
Apr 9, 2024$3,461$150,700
Apr 9, 2023$3,317$145,900
Apr 9, 2022$1,631$140,500
Apr 9, 2021$1,577$70,700
Apr 9, 2020$1,494$68,100
Apr 9, 2019$1,470$63,300
Apr 9, 2018$1,227$61,700
Apr 9, 2017$2,254$56,300
Apr 9, 2016$848$42,700
Apr 9, 2014$1,766$32,700
Apr 9, 2013$979$41,300
Apr 9, 2012$979$43,400
Apr 9, 2011—$32,100
Apr 9, 2010$672$32,100
Apr 9, 2009$980$45,800
Apr 9, 2007—$40,600
Apr 9, 2006—$47,800
Apr 9, 2005—$47,800
Apr 9, 2004—$47,800
Apr 9, 2003—$47,800
Apr 9, 2002—$17,800
Apr 9, 2001—$5,940
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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