519 N Gladstone Ave - Apartments FOR SALE


Indianapolis, IN 46201- Near Eastside
$360,000 USD
317-597-0457
519 N Gladstone Ave, Indianapolis, IN for Sale
$360,000 USD
Apartments - FOR SALE
1/29
null | 10.5% Cap Rate

519 N Gladstone Ave
Indianapolis, IN 46201
Near Eastside


OVERVIEW

?? Property Snapshot Type: Quadplex (4 separate 1/1 units) Sqft: 1,320 total Lot Size: 5,445 sqft Year Built: 1920 Condition: Fully renovated – $0 rehab needed Occupancy: 100% occupied Gross Rents: $4,190/mo = $50,280/yr Opex Assumption (25%): ~$12,570/yr NOI: $37,710/yr Gross Rents: $4,190/month = $50,280/year ?? Valuation & ARV Range ARV Estimate: $400K – $450K Recent nearby multifamily sales in this pocket support high-end resale values Market continues to push upward in this Eastside rental corridor ?? DSCR Loan Analysis (Estimate) Gross Income: $4,190/mo Annual Gross: $50,280 Estimated Expenses (30%): ~$15,000 NOI: ~$35,280/year Estimated DSCR: 1.47 – 1.60 (depending on rate/terms) Based on 20–25% down, 7.25–7.5% interest, 30-year amortization ? DSCR loan-qualified with strong buffer above 1.2 minimum Ideal for out-of-state or passive buy & hold investors ?? Investor Highlights ? Fully occupied & cash flowing day 1 ?? Zero rehab needed – true turnkey ??? 4 separately metered 1BR units = stable income & low vacancy risk ?? Located in a hot zip near Emerson Heights, where comps are rising fast ?? Upside in future rent increases as neighborhood continues to gentrify ?? Plug-and-play asset — excellent for 1031 buyers, DSCR loans, or portfolio scaling ?? Looking for More Off-Market Inventory? We offer: ?? Single-Family Rentals ?? Duplexes, Triplexes, & Quads ?? Turnkey Cash Flow Properties ?? Light-to-Heavy Rehab Projects ?? Creative Financing & Seller Carry Deals ?? Browse full inventory at: www.reioffer.net ?? Contact Jamie Franklin | Acquire JDF Corp | 317-610-9834 This quadplex in Indianapolis, IN is the kind of investment property every serious investor looks for. Located at 519–521 N Gladstone Ave 46201, this 4-unit multifamily property delivers immediate rental income with 100% occupancy and proven cash flow. With 4 bedrooms and 4 bathrooms across 1,320 sqft, it’s a turnkey rental property already producing $4,190/month in gross rents. The property sits on a 5,445 sqft lot, built in 1920, and offers stable tenant-occupied income with plenty of upside. Investors will appreciate the ARV potential of $400,000–$450,000, making this an ideal buy-and-hold rental, quadplex investment, or a strategic value-add multifamily deal. One of the biggest advantages here is the financing option—qualified investors can secure 100% purchase and 100% rehab financing, meaning no money out of pocket on this or other 1–4 unit properties. For those with experience (minimum 4 deals in the last 5 years) and a 680+ credit score, this opens the door to scaling portfolios quickly without tying up capital. Whether you’re searching for an Indianapolis quadplex for sale, a multifamily rental with strong cash flow, or a turnkey investment property in Indiana, this opportunity checks all the boxes: Fully occupied with consistent income Gross rents above $4,000/month Built-in equity with ARV upside Located in a rental-demand neighborhood This is the type of off-market multifamily deal in Indianapolis that rarely hits the open market. Perfect for investors targeting cash-flowing rentals, BRRRR strategy properties, or long-term multifamily investments. ?? Call/text 317-610-9834 for full details. ?? More investment properties, turnkey rentals, duplexes, triplexes, and multifamily deals at: www.reioffer.net

FOR SALE DETAILS

PRICE

$360,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

4

PRICE/UNIT

$90,000

CAP RATE

10.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,469 SF

ZONING

ZO01

APN/PARCEL ID

49-10-04-145-080.000-101

ASK ABOUT THIS PROPERTY

Jamie FranklinAcquire JDFMore Info
317-597-0457

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Jamie FranklinAcquire JDFMore Info
317-597-0457

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.