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507 N Gladstone Ave, Indianapolis, IN, 46201

$159,000

Home List Price

$1,888*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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507 N Gladstone Ave, Indianapolis$159,000

Buyer Closing Credits

$1,888*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1925
HeatingForced Air
CoolingNone
BasementYes
MLS #21972584
Lot Size0.09 Acres
StatusActive

About 507 N Gladstone Ave

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. 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!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1925

Listing Office:

  • Office Name: Keller Williams Indpls Metro N
  • Office Email: peter@peterstewartrealty.com
  • Listing Agent: Peter Stewart

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Exterior Information:

  • Exterior: Not Applicable

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

School Info

Assigned Schools Information:

  • H L Harshman Middle School, Public District Grades 7-8
  • Center For Inquiry, Public Magnet Grades KG-8
  • Frederick Douglass School 19, Public District Grades PK-8
  • Ralph Waldo Emerson School 58, Public District Grades KG-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: $159,000

Tax Information:

  • Annual Amount: $1,494
  • Tax Year: 2020
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Housing Market Comparison

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

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Indianapolis, IN

City

Med. Sold Price

$239.7K

Med. Price/SqFt

$135

Avg. Days On Market

45

# of Sold Homes

989

507 N Gladstone Ave vs Indianapolis

1 DAY ON ROCKET

-44 Days

$159,000

-$80.7K Less

KEY TAKEAWAY

This property is $80.7K 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: #21972584

Listing Office:

  • Office Name: Keller Williams Indpls Metro N
  • Office Email: peter@peterstewartrealty.com
  • Listing Agent: Peter Stewart

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.

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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: 4/23/2024, 11:46:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,494$68,100
2019$1,533$63,300
2018$1,257$61,700
2017$1,321$56,300

History based on county public records data.

Payment Calculator

$861

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$543

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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-2713861
1
/10

  • Ralph Waldo Emerson School 58

  • 321 N Linwood Ave

  • 0.25 miles

  • Public District Grades KG-6

school-card-donut-2713862
2
/10

  • Theodore Potter School 74

  • 1601 E 10th St

  • 1.91 miles

  • Public District Grades KG-6

school-card-donut-2713863
4
/10

  • Ernie Pyle School 90

  • 3351 W 18th St

  • 6.37 miles

  • Public District Grades PK-6

Middle School

school-card-donut-2713864
2
/10

  • H L Harshman Middle School

  • 1501 E 10th St

  • 1.99 miles

  • Public District Grades 7-8

school-card-donut-2713865
6
/10

  • Center For Inquiry

  • 725 N New Jersey St

  • 2.87 miles

  • Public Magnet Grades KG-8

school-card-donut-2713866
1
/10

  • Frederick Douglass School 19

  • 2020 Dawson St

  • 3.01 miles

  • Public District Grades PK-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,100. Residents of Indianapolis, IN typically earn less than $35k each year. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Near Eastside, Indianapolis

Types of housing in Near Eastside, Indianapolis.

Around 60% of the population of this neighborhood rent their home whereas owners make up the remainder. In this part of Indianapolis, most dwellings are single detached homes, and the rest of the properties are mainly townhouses. Most housing in this neighborhood was constructed prior to the 1960s, during its biggest building boom. This neighborhood offers mainly three bedroom and two bedroom homes.

What is it like to live in Near Eastside, Indianapolis?

The character of Near Eastside is exemplified by its calm ambience. There are a few green spaces nearby for residents to explore, like Forest Manor Park, and they are very well-situated, which makes them easy to reach. This part of the municipality is reasonably quiet overall, as there are usually low levels of noise from traffic - although there are still several noisier areas, especially closer to one of the railway lines, Interstate 70 or Interstate 65.

Is it easy to get around Near Eastside, Indianapolis without a car?

Residents will welcome that no matter where their property is located in Near Eastside, both primary and secondary schools are nearby. Residents can choose between public and private schools at both the elementary and high school level. With respect to eating, it is easy to access the closest supermarket on foot in Near Eastside. A limited selection of restaurants and cafes can be found as well.

Transportation in Near Eastside, Indianapolis.

This part of the municipality will attract physically active house buyers as it is reasonably conducive to walking; carrying out daily needs is easy. Commuting by public transit is difficult in this neighborhood. Nonetheless, property owners have access to a few bus lines, and bus stops are not very far-removed from most residences. However, the favored way to navigate this neighborhood is very often a car. Nearby highways, such as Interstate 65, are easy to access from anywhere in this area, and it is straightforward to park.

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Rocket Homes›Indiana›Marion County›Indianapolis›46201›507 N Gladstone Ave

This home is located at 507 N Gladstone Ave in Indianapolis, IN and zip code 46201 in the Near Eastside neighborhood. This home, which was built in 1925, sits on a 0.09 acre lot. It has been listed on Rocket Homes since April 22, 2024 and is currently priced at $159,000.

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. Listings spent 45 days on the market in March 2024, and had a median list price of $239,776 during the same period.

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

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