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About This Home
This 0-bedroom, 0-bathroom residential multi family at 3701 N Capitol Avenue in Indianapolis, IN is listed for $179,900. Built in 1920, on a 0.10 acres lot.
An exceptional turn-key investment or premier "house-hacking" opportunity awaits at 3701 N Capitol Ave, a charming Indianapolis duplex packed with recent capital improvements. Capitalize on immediate rental income from one side currently generating $725/month, while utilizing the vacant, newly refreshed unit that features a fresh bathroom remodel (
2024), a newer water heater (installed within the last 5 years), and a robust pro forma rental potential of $900-$950/month. The property features a whole-house exterior paint refresh (June 2026), alongside long-term mechanical peace of mind provided by a newer roof and a fully installed perimeter fence (both completed in 2018).
Tenants and owner-occupants alike will appreciate the convenient off-street dedicated parking pad located directly behind the home via alley access, eliminating the hassle of street-only parking. Situated just minutes from downtown Indianapolis, this location offers unbeatable proximity to the heart of the city, bustling local shops, dining hotspots, and public transit, making it a stellar addition to any real estate portfolio or the perfect place to live for free while your tenant pays the mortgage.
Key Features
- Built in 1920
- 0.10 acre lot
Property Details
Amenities
Monthly Cost Estimate
$962/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3701 N Capitol Avenue
Indianapolis, IN 46208
John Trost
Features & Amenities
Exterior Features
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 3701 N Capitol Avenue is listed at $179,900. The estimated monthly payment is $780 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.10 acre lot. Exterior Features: Lighting.
This property is listed by Mina Kadhum and can be reached at (317) 679-6330 or mina@truebloodre.com.