1 month on rocket

409 N Gray St, Indianapolis, IN, 46201

$115,000

Home List Price

$1,366*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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409 N Gray St, Indianapolis$115,000

Buyer Closing Credits

$1,366*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1918
HeatingForced Air, Natural Gas
CoolingNone
MLS #21968906
Lot Size0.09 Acres
StatusActive

About 409 N Gray St

Fully Occupied, Cash Flowing East Side Duplex - $1,275 monthly gross rents! This 1 bed, 1 bath (per unit) is priced for an investor to cash flow while taking advantage of future appreciation in this thriving East Side Indy neighborhood. Photos of Unit 409 prior to tenant moving in. Property sold as-is.

Property Details

Property Features

Property Information:

  • Architectural Style: TraditonalAmerican
  • Year Built: 1918

Listing Office:

  • Office Name: Tyler Knows Real Estate LLC
  • Office Email: workwithrj@gmail.com
  • Listing Agent: RJ LaChance

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Exterior Information:

  • Exterior: Not Applicable

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: None

School Info

Assigned Schools Information:

  • Arsenal Technical High School, Public District Grades 9-12
  • H L Harshman Middle School, Public District Grades 7-8
  • Center For Inquiry, Public Magnet Grades KG-8
  • Francis W Parker School 56, Public Magnet Grades PK-8
  • Thomas D Gregg School 15, Public District Grades PK-6
  • Theodore Potter School 74, Public District Grades KG-6
  • Ernie Pyle School 90, Public District Grades PK-6

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $115,000

Tax Information:

  • Annual Amount: $807
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Indianapolis, IN.

Med. Sold Price

$239.7K

Med. Price/SqFt

$135

Avg. Days On Market

45

# of Sold Homes

989

409 N Gray St vs Indianapolis

43 DAYS ON ROCKET

-2 Days

$115,000

-$124.7K Less

KEY TAKEAWAY

This property is $124.7K less than the Median Sold Price in Indianapolis, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #21968906

Listing Office:

  • Office Name: Tyler Knows Real Estate LLC
  • Office Email: workwithrj@gmail.com
  • Listing Agent: RJ LaChance

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS 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.

Copyright ©2024 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to helpdesk@miborsupport.com and DMCAnotice@MLSGrid.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 8:16:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 26, 2018Home Sold
$37,000
Oct 26, 2016Home Sold
$28,000
Oct 06, 2016Home Sold
$15,000

Tax History

YEARPROP. TAXASSESSMENT
2020$807$37,000
2019$887$34,200
2018$791$32,600
2017$1,089$32,100

History based on county public records data.

Payment Calculator

$641

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$411

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2038151
2
/10
  • Thomas D Gregg School 15

  • 2302 E Michigan St

  • 0.57 miles

  • Public District Grades PK-6

school-card-donut-2038152
2
/10
  • Theodore Potter School 74

  • 1601 E 10th St

  • 1.18 miles

  • Public District Grades KG-6

school-card-donut-2038153
4
/10
  • Ernie Pyle School 90

  • 3351 W 18th St

  • 5.59 miles

  • Public District Grades PK-6

Middle School

school-card-donut-2038154
2
/10
  • H L Harshman Middle School

  • 1501 E 10th St

  • 1.24 miles

  • Public District Grades 7-8

school-card-donut-2038155
6
/10
  • Center For Inquiry

  • 725 N New Jersey St

  • 2.06 miles

  • Public Magnet Grades KG-8

school-card-donut-2038156
1
/10
  • Francis W Parker School 56

  • 2353 Columbia Ave

  • 2.33 miles

  • Public Magnet Grades PK-8

High School

school-card-donut-2038157
1
/10
  • Arsenal Technical High School

  • 1500 E Michigan St

  • 1.19 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,250. The majority of Indianapolis, IN residents have income less than $35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket HomesIndianaMarion CountyIndianapolis46201409 N Gray St

This home is located at 409 N Gray St in Indianapolis, IN and zip code 46201 in the Near Eastside neighborhood. This home, which was built in 1918, sits on a 0.09 acre lot. It has been listed on Rocket Homes since March 15, 2024 and is currently priced at $115,000.

In March 2024 more than 225 listings in Indianapolis, IN were sold above the asking price. During the same period more than 262 listings were sold at asking price, while more than 502 were sold below. The number of listings in Indianapolis, IN increased by 7.4% between February 2024 and March 2024. In March 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $239,776.

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

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