630 N Gladstone Avenue N, Indianapolis, IN 46201
MULTI_FAMILY - Bungalow - Indianapolis, IN
- Added:
- Dec 1, 2025
- Days on Market:
- 195
- Last Refresh:
- Jun 14 at 1:06 am
Property Features for 630 N Gladstone Avenue N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Carport, On Street
- Fencing
- Chain Link
- Basement
- Unfinished
- Standard status
- Active
- APN
- 491004145076000101
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Reynolds N Tuxedo Add L116
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Vinyl Siding
- Architectural style
- Bungalow
Listing agent Stacy Worth Huntsman License #RB14046622 (317) 255-7285
Listing office United Real Estate Indpls E 86th St Ste 200 1425, Indianapolis, IN (317) 216-8800
Listing date Dec 1, 2025
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.
HighLights
- 1.5‑story duplex built in 1920 with historic bungalow architectural style
- Approximately 1,444 sq ft total living space across two units
- 5,445 sq ft lot with covered front porch
- Central air cooling plus unit 632 cooled with a wall unit
- Vinyl siding exterior with chain link fencing
- Parking includes carport and on‑street spaces
Overview
Located in Marion County, the property is described as being in a central Indianapolis area with access to downtown, restaurants, parks, and public transit within minutes. The listing also emphasizes the home’s historic bungalow character and the option for outdoor space provided by the lot.
This duplex configuration supports a range of residential income and occupancy scenarios, including renting both units, living in one unit while renting the other, or using it for multi-generational living. For buyers looking for a two-unit property in a central area and comfortable with an as-is condition, the porch and sizable lot offer usable everyday space to match a variety of household needs.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.4k | $16.20 |
| − Vacancy | −$1.6k | −$1.12 |
| EGI | $21.8k | $15.08 |
| − OpEx | −$6.5k | −$4.52 |
| NOI | $15.2k | $10.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.096543
- Latitude
- 39.776305
