Exceptional Opportunity!
N. Gladstone Ave INDPLS, IN
Asking: $280,000
CAP RATE 12.4%
1632 sqft
2 Car Garage (can be rented)
Remodeled
HVAC upgrades
Siding Upgraded
Electric Upgraded
Remodeled & Turnkey
Instant Cash Flow
Roof is in Great Shape
3 Units rented at $918
1 Unit rented at $860
Property grosses $3,614/mo
Property Grosses annually: $43,368
Remodeled between 2022-2023
All are full livable individual units
Brand new kitchens & bathrooms
Being sold as part of business model
Rented on VA Rental Program (Recession Proof)
Property Nets: $2,914/mo on worst hottest/coldest months
?Property Nets Annually: $34,968 on worst hottest/coldest months
We've already successfully converted & sold 5+ properties under same business model
7 Unit Rural St. INDPLS, IN
Asking: $480,555
CAP RATE 13.46%
New Plumbing
HVAC upgrades
Siding Upgraded
Electric Upgraded
7 1 bedroom units
1 Unit grossing $800
6 units grossing $5382
Remodeled & Turnkey
Instant Cash Flow
Roof is in Great Shape
Remodeled between 2022-2023
All are full livable individual units
Property grosses: $74,904 annually
Property grosses: $6,242/mo
Brand new kitchens & bathrooms
Being sold as part of business model
Rented on VA Rental Program (Recession Proof)
Property Nets: $5,182/mo
Property Nets Annually: $62,184 (on worst hottest/coldest months)
We've already successfully converted & sold 5+ properties under same business model.
BOTH PROPERTIES GROSS: $118,272 ANNUALLY
BOTH PROPERTIES NET: $97,152+ ANNUALLY
CALL/TEXT JAMIE TODAY TO SET UP A WALKTHROUGH! ??
?? 317.610.9834
WWW.REIOFFER.NET
Sold for $284,000
$284,000
521 N Gladstone Ave, Indianapolis, IN 46201
4beds
1,632sqft
MultiFamily
Built in 1920
-- sqft lot
$288,400 Zestimate®
$174/sqft
$1,268 Estimated rent
Home value
$288,400
$268,000 - $311,000
$1,268/mo
Zestimate® history
Owner options
List your home for rent
$1,268/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,268/mo
Rent Zestimate®
Refinance and save
$1,785/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,785/mo
Est. payment
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List your homeWhat's special
New kitchens
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Other
Features
- Basement: Basement (not specified)
Interior area
- Total interior livable area: 1,632 sqft
Property
Parking
- Parking features: Garage - Detached
Lot
- Size: 5,445 Square Feet
Details
- Parcel number: 491004145080000101
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Foundation: Crawl/Raised
- Roof: Asphalt
Condition
- Year built: 1920
Community & HOA
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $174/sqft
- Tax assessed value: $105,200
- Annual tax amount: $1,747
Price history
| Date | Event | Price |
|---|---|---|
| 12/10/2025 | Sold | $284,000+13.6%$174/sqft |
Source: Public Record Report a problem | ||
| 1/24/2024 | Sold | $250,000-3.8%$153/sqft |
Source: Public Record Report a problem | ||
| 8/31/2023 | Pending sale | $260,000$159/sqft |
Source: Owner Report a problem | ||
| 8/2/2023 | Price change | $260,000-7.1%$159/sqft |
Source: Owner Report a problem | ||
| 7/10/2023 | Listed for sale | $280,000+278.4%$172/sqft |
Source: Owner Report a problem | ||
| 3/17/2022 | Sold | $74,000$45/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,747 +5.6% | $105,200 +42.9% |
| 2024 | $1,653 -12.6% | $73,600 +5.6% |
| 2023 | $1,891 +26.1% | $69,700 -13% |
| 2022 | $1,499 +1.7% | $80,100 +23.2% |
| 2021 | $1,475 +5.5% | $65,000 +2% |
| 2020 | $1,398 +1.3% | $63,700 +7.6% |
| 2019 | $1,379 +16% | $59,200 +2.2% |
| 2018 | $1,189 +28.5% | $57,900 +9.2% |
| 2017 | $926 +12.7% | $53,000 +37% |
| 2016 | $822 +173.4% | $38,700 +22.5% |
| 2014 | $301 -68% | $31,600 -21% |
| 2013 | $940 | $40,000 -4.1% |
| 2012 | $940 | $41,700 +19.1% |
| 2011 | -- | $35,000 |
| 2010 | $733 -2.3% | $35,000 |
| 2009 | $750 | $35,000 +18.2% |
| 2007 | -- | $29,600 |
Find assessor info on the county website
Neighborhood: Near Eastside
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Nearby schools
GreatSchools rating
- 4/10Thomas D. Gregg School 15Grades: PK-5Distance: 0.6 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 2.4 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.3 mi
Get a cash offer in 3 minutes
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Estimated market value
$288,400
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
$288,400
- Indiana
- Marion County
- Indianapolis
- 46201
- Near Eastside
- 521 N Gladstone Ave
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