409 North Gray Street

Indianapolis, IN 46201

$115,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fully Occupied, Cash Flowing East Side Duplex - $1,275 monthly gross rents! This 1 bed, 1 bath (per unit) is priced for an investor to cash flow while taking advantage of future appreciation in this thriving East Side Indy neighborhood. Photos of Unit 409 prior to tenant moving in. Property sold as-is.Fully Occupied, Cash Flowing East Side Duplex - $1,275 monthly gross rents! This 1 bed, 1 bath (per unit) is priced for an investor to cash flow while taking advantage of future appreciation in this thriving East Side Indy neighborhood. Photos of Unit 409 prior to tenant moving in. Property sold as-is.
  1. Listed by RJ LaChance • Tyler Knows Real Estate LLC • workwithrj@gmail.com

Property Details for 409 North Gray Street

Architectural Style
TraditonalAmerican
Subdivision Name
No Subdivision
Township
Center
Waterfront
No
Zoning
residential

Location

Listing Courtesy of Tyler Knows Real Estate LLC
Add your commute
LISTING UPDATED: 04/23/2024 08:46 AM

Property Details for 409 North Gray Street

StatusActive
MLS #21968906
Days on Market43
Taxes$1,002 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1918
Lot Size0.09 AC / 3,920 SF
CountyMarion County

Location

Listing Courtesy of Tyler Knows Real Estate LLC
Add your commute

Building Information for 409 North Gray Street

Stories-Residences2Year Built1918Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

$795 per month

30 year fixed, 7.25% Interest

Principal and Interest

$628

Property Taxes

$167

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 409 North Gray Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46201
  • Postal Code Plus4: 3346
  • Road Access: Not Applic
  • Road Frontage Type: City Street
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 491005203026000101
  • Semi Annual Property Tax Amt: 1001.58
  • Tax Year: 2023
  • TaxLot: 1052025
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: Sewer, Water
Parking
  • Garage Spaces: 2.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Description: Sidewalks
  • Lot Size Square Feet: 3790.0
  • Lot Size Acres: 0.09
  • New Construction: False
  • Possible Use: Residential
  • Structure Type: Duplex
  • Year Built Numeric: 1918
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Legal Subdivision: S S Rhodes E Ohio St Add L17
  • Photos Count: 7
  • Property Attached: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Separate Gas Meter,Sewer,Water
  • Solid Waste: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding
  • Exterior Features: Not Applicable
Interior Features
  • Basement YN: No
  • Cooling: None
  • Heating: Forced Air, Gas
  • Levels: One
  • Laundry Features: Other
  • Multi Baths: 2
  • Multi Beds: 2
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: 2 Car Garage
Income & Expenses
  • Expenses: 100
  • Gross Income: $1,275.00
Unit 1
  • Unit Kitchen: 90
  • Unit Levels: 1
  • Unit Miscellaneous: No Equip
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Elec,Fuel Gas
  • Unit Type Type: 1 Bedroom
Unit 2
  • Unit Kitchen: 90
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Elec,Fuel Elec,Fuel Gas
  • Unit Type Type: 1 Bedroom
Rental
Rental Information
  • Tenant Pays: Electricity, Gas

Property History for 409 North Gray Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 409 North Gray Street

Taxable ValueLand$6,200Additions$73,200Total$79,400
Tax Record2022$1,950 ($163 / month)
Home Facts
Beds1Total Finished SqFt532 SqFtAbove Grade Finished SqFt532 SqFtStories1Lot Size3,790 SqFtStyleCondominiumYear Built1918CountyMARIONAPN49-10-05-203-026.000-101

Schools near 409 North Gray Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Thomas D. Gregg School 15
PublicPK to 6

Arlington Community Middle School
Public7 to 8

Arsenal Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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409 North Gray Street is a multi-family home for sale in Indianapolis, IN 46201. This property was listed for sale on March 15, 2024 by Tyler Knows Real Estate LLC, it's currently listed at $115,000. It has been on the market for a total of 43 days and was last sold on November 30, 2018. This listing's school district is Indianapolis Public Schools. Nearby schools include Thomas D. Gregg School 15, Arlington Community Middle School and George Washington Community High School (9-12). 409 North Gray Street is a 0-bed, 0-bath, multi-family home built in 1918.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tyler Knows Real Estate LLC

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.