Updated Single-Story
For Sale
$130,000
833 N Gladstone Avenue, Indianapolis, IN 46201
MULTI_FAMILY - Indianapolis, IN
Lot Size0.12 Acres
Days on Market315
Property Features for 833 N Gladstone Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Subdivision
Mcwhirters E 10Th
Lot features
Sidewalks, Storm Sewer, Street Lights
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Standard status
Active
APN
491004117019000101
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Mc Whirters E 10th St Add L76
Legal Description
Mc Whirters E 10th St Add L76
Utilities
Cooling system
Separate Meters
Building Details
Year built
1930
Floors in Building
1
Number of units
2
Listing Agency:
Triple E Realty, LLC
(317) 210-3637
Listed By:
Edwin Watson
(317) 210-3637
Added: Sep 19, 2025
Changed: Jul 9
Last Checked: Jul 30 at 9:06PM
MLS# 22063916
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-story duplex offers two residential units with a practical, easy-to-manage layout. The property is partially tenant occupied, and the vacant unit has been recently updated. Interior improvements include freshly painted walls, new carpeting in the bedroom, living room, and dining room, along with new LVP flooring in the kitchen and bathroom. Washer and dryer hookups are available in the basement for each unit. Parking is supported by street parking and dedicated rear parking, helping simplify resident access.
Located in Grace Tuxedo Park in Indianapolis, the property is described as minutes from downtown, local amenities, and nearby highways. The combination of residential parking options and an accessible area supports a straightforward living arrangement for current residents and prospective occupants.
For investors or owner-occupant buyers, the updated vacant unit provides a ready-to-rent option while the other unit is already in place. The recent interior refresh, paired with existing in-unit laundry hookups and dedicated rear parking, can help reduce turnover work for a new tenancy. Overall, this is a duplex configuration designed for long-term residential income and occupancy continuity.
Located in Grace Tuxedo Park in Indianapolis, the property is described as minutes from downtown, local amenities, and nearby highways. The combination of residential parking options and an accessible area supports a straightforward living arrangement for current residents and prospective occupants.
For investors or owner-occupant buyers, the updated vacant unit provides a ready-to-rent option while the other unit is already in place. The recent interior refresh, paired with existing in-unit laundry hookups and dedicated rear parking, can help reduce turnover work for a new tenancy. Overall, this is a duplex configuration designed for long-term residential income and occupancy continuity.
Key Highlights
- Single‑story duplex built in 1930 in Grace Tuxedo Park
- Partially tenant occupied and generating immediate cash flow; historically cash flowing positive for 5 years
- Recently updated vacant unit with freshly painted interior and new carpeting plus new LVP flooring in kitchen and bathroom
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Explore this area
Business Placement
Demographics for 46201, IN
31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Partially tenant-occupied duplex with newly updated interiors and in-basement washer/dryer hookups.
Where is this duplex located?
The property is located at 833 N Gladstone Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Single‑story duplex built in 1930 in Grace Tuxedo Park; Partially tenant occupied and generating immediate cash flow; historically cash flowing positive for 5 years; Recently updated vacant unit with freshly painted interior and new carpeting plus new LVP flooring in kitchen and bathroom
