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!
Sold
$130,000
507 N Gladstone Ave, Indianapolis, IN 46201
1beds
1baths
--sqft
Multi Family, Duplex
Built in 1925
-- sqft lot
$143,300 Zestimate®
$--/sqft
$768 Estimated rent
Home value
$143,300
$130,000 - $158,000
$768/mo
Zestimate® history
Owner options
List your home for rent
$768/mo
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$768/mo
Rent Zestimate®
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$863/mo
Est. payment
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$863/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Peter Stewart 317-450-9202,
Keller Williams Indpls Metro N
Bought with:
Eli Skinner
Key Realty Indiana
Source: MIBOR as distributed by MLS GRID,MLS#: 21972584
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Main level bathrooms: 2
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: Connections All, In Basement
Features
- Basement: Unfinished
Property
Parking
- Parking features: Street Only
- Has uncovered spaces: Yes
- Details: Unit Parking(On Street)
Features
- Levels: One
- Stories: 1
Lot
- Size: 3,920 Square Feet
- Features: Sidewalks
Details
- Parcel number: 491004119417000101
- Zoning: MU1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1925
Community & HOA
Community
- Subdivision: Tuxedo Park
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $140,700
- Annual tax amount: $3,318
- Date on market: 4/22/2024
- Cumulative days on market: 129 days
- Tenant pays: Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2024 | Sold | $130,000-7.1% |
Source:  MIBOR as distributed by MLS GRID #21972584 Report a problem | ||
| 8/29/2024 | Pending sale | $140,000 |
Source: MIBOR as distributed by MLS GRID #21972584 Report a problem | ||
| 8/22/2024 | Price change | $140,000-3.4% |
Source: MIBOR as distributed by MLS GRID #21972584 Report a problem | ||
| 8/7/2024 | Price change | $145,000-4.9% |
Source: MIBOR as distributed by MLS GRID #21972584 Report a problem | ||
| 5/31/2024 | Price change | $152,500-4.1% |
Source: MIBOR as distributed by MLS GRID #21972584 Report a problem | ||
| 4/22/2024 | Listed for sale | $159,000-9.1% |
Source: MIBOR as distributed by MLS GRID #21972584 Report a problem | ||
| 9/24/2023 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21911470 Report a problem | ||
| 5/31/2023 | Listed for sale | $175,000 |
Source: MIBOR as distributed by MLS GRID #21911470 Report a problem | ||
| 5/18/2023 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21911470 Report a problem | ||
| 4/26/2023 | Price change | $175,000-5.4% |
Source: MIBOR as distributed by MLS GRID #21911470 Report a problem | ||
| 3/23/2023 | Listed for sale | $185,000+23.3% |
Source: MIBOR as distributed by MLS GRID #21911470 Report a problem | ||
| 11/9/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 10/26/2021 | Sold | $150,000+150% |
Source: Public Record Report a problem | ||
| 10/25/2021 | Listed for rent | $650+30% |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/11/2021 | Sold | $60,000-7.7% |
Source: MIBOR as distributed by MLS GRID #21778823 Report a problem | ||
| 6/1/2021 | Pending sale | $65,000 |
Source: MIBOR as distributed by MLS GRID #21778823 Report a problem | ||
| 5/26/2021 | Listed for sale | $65,000 |
Source: MIBOR as distributed by MLS GRID #21778823 Report a problem | ||
| 5/3/2021 | Pending sale | $65,000 |
Source: MIBOR as distributed by MLS GRID #21778823 Report a problem | ||
| 4/29/2021 | Listed for sale | $65,000 |
Source: MIBOR as distributed by MLS GRID #21778823 Report a problem | ||
| 4/21/2021 | Pending sale | $65,000 |
Source: MIBOR as distributed by MLS GRID #21778823 Report a problem | ||
| 4/18/2021 | Listed for sale | $65,000+1923.7% |
Source: MIBOR as distributed by MLS GRID #21778823 Report a problem | ||
| 11/27/2018 | Listing removed | $500 |
Source: RPM Indianapolis Edge Report a problem | ||
| 10/17/2018 | Price change | $500-5.7% |
Source: RPM Indianapolis Edge Report a problem | ||
| 10/2/2018 | Listed for rent | $530+6% |
Source: Real Property Management Indianapolis Edge Report a problem | ||
| 1/16/2018 | Listing removed | $500 |
Source: Invictus Property Management Report a problem | ||
| 1/12/2018 | Listed for rent | $500 |
Source: Invictus Property Management Report a problem | ||
| 4/6/2015 | Sold | $3,212-85.9% |
Source: Public Record Report a problem | ||
| 12/15/2006 | Sold | $22,750 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,576 +3.3% | $140,700 -6.6% |
| 2024 | $3,461 +4.3% | $150,700 +3.3% |
| 2023 | $3,317 +103.4% | $145,900 +3.8% |
| 2022 | $1,631 +3.4% | $140,500 +98.7% |
| 2021 | $1,577 +5.5% | $70,700 +3.8% |
| 2020 | $1,494 +1.7% | $68,100 +7.6% |
| 2019 | $1,470 +19.8% | $63,300 +2.6% |
| 2018 | $1,227 -45.5% | $61,700 +9.6% |
| 2017 | $2,254 +165.8% | $56,300 +31.9% |
| 2016 | $848 -52% | $42,700 +30.6% |
| 2014 | $1,766 +80.4% | $32,700 -20.8% |
| 2013 | $979 | $41,300 -4.8% |
| 2012 | $979 | $43,400 +35.2% |
| 2011 | -- | $32,100 |
| 2010 | $672 -31.4% | $32,100 -29.9% |
| 2009 | $980 | $45,800 +12.8% |
| 2007 | -- | $40,600 -15.1% |
| 2006 | -- | $47,800 |
| 2005 | -- | $47,800 |
| 2004 | -- | $47,800 |
| 2003 | -- | $47,800 +168.5% |
| 2002 | -- | $17,800 +199.7% |
| 2001 | -- | $5,940 |
Find assessor info on the county website
Neighborhood: Near Eastside
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Nearby schools
GreatSchools rating
- 3/10Ralph Waldo Emerson School 58Grades: PK-5Distance: 0.2 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 3.1 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.1 mi
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Estimated market value
$143,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$143,300
- Indiana
- Marion County
- Indianapolis
- 46201
- Near Eastside
- 507 N Gladstone Ave
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