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Listed by Mina Kadhum • Trueblood Real Estate
$ 179,900
Est. payment /mo
Active
3701 N Capitol AVE Indianapolis, IN 46208
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision John Trost
MLS Listing ID 22108462
Year Built 1920
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Duplex
Property Description
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.
Location
State IN
County Marion
Rooms
Basement Unfinished, Interior Entry
Interior
Heating Forced Air, Natural Gas
Cooling Wall Unit(s), Window Unit(s)
Fireplace N
Exterior
Exterior Feature Lighting
View Y/N true
View Neighborhood
Roof Type Shingle
Building
Story One
Foundation Block
Architectural Style Bungalow
Structure Type Wood Siding
New Construction false
Schools
School District Indianapolis Public Schools
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