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Duplex with Basement Storage
For Sale
$179,000
Pending

1522 N Gladstone Ave, Indianapolis, IN 46201

Each residence offers two bedrooms, one bathroom, an eat-in kitchen, and a partial basement.

Property Size5,619 SF
Days on Market63

Property Features for 1522 N Gladstone Ave

General Information

Standard status Pending
Size 5,619 SF
Property subtype Multi-Family

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Building Details

Year Built 1926
Listing Agency: Olympus Realty Group
Listed By: Streamlined Realty
Source: Streamlinedrealty
Added: Aug 17 Changed: Oct 16 Last Checked: Oct 16 at 8:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Olympus Realty Group

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Investment Insights

Based on property information with market context.

Built in 1926, this duplex includes two separate residences, each with 2 bedrooms and 1 bathroom. Both sides feature refreshed paint, newer vinyl plank flooring, eat-in kitchen areas, cabinet storage, and built-in pantry space. Gas stoves and refrigerators are included in each kitchen. A partial basement serves each residence and provides additional storage or flexible personal space.

The property is located at 1522 N Gladstone Ave in Indianapolis, near bus lines, Downtown, and nearby Interstates. A detached garage is also on site; however, it is reserved for the seller’s building-material storage and is not available for tenant use.

Key Highlights

  • Two‑unit property with 2 bedrooms and 1 bathroom on each side
  • Newer vinyl plank flooring and newer paint in both residences
  • Eat‑in kitchens with cabinet storage, built‑in pantry space, gas stoves, and refrigerators

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Electrical Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

391
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Each residence offers two bedrooms, one bathroom, an eat-in kitchen, and a partial basement.
Where is this duplex located?
The property is located at 1522 N Gladstone Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Two‑unit property with 2 bedrooms and 1 bathroom on each side; Newer vinyl plank flooring and newer paint in both residences; Eat‑in kitchens with cabinet storage, built‑in pantry space, gas stoves, and refrigerators
More about this property
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