3701 N Capitol Avenue Indianapolis, IN $ 169,900
3701 N Capitol Avenue
$ 169,900
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3701 N Capitol Avenue

Indianapolis, IN, 46208
$ 169,900
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,173

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Multi-Family Home for sale in Indianapolis, IN

for $169,900. This home was built in 1920 on a lot size of 0.1.

An exceptional house-hack investment at 3701 N Capitol Ave - a charming Indianapolis duplex packed with recent capital improvements. Capitalize on immediate rental income generating $725/month (under market value) with separate meters and tenant paid utilities. One unit has been newly refreshed featuring a fresh bathroom remodel (2024), a newer water heater (installed within the last 5 years) and re-stained flooring. 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 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.

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Multi-Family Pending

Price

$ 169,900

Property Type

Multi-Family

Taxes

$ 2,982

Style

Bungalow

Lot Size

0.1

Year Built

1920

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22108462

Features
General
Heating Forced Air Gas
Cooling Wall Unit(s) Window Unit(s)
Possession Closing Negotiable Subject To Tenant Rights
Roof Shingle
Garage Spaces 0
Architectural Style Bungalow
Construction Materials Wood Siding
Year Built 1920
Tenant Pays All Utilities Electricity Gas Insurance Lawncare Sewer Water
View Neighborhood
Township Center
Levels One
Property Subtype Duplex
Tax Year 2025
Current Use Residential
County Marion
New Construction N
Property Type Residential Income
Subdivision Name John Trost
Facing Direction West
Status Pending
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4910 - Marion - Center
Lot Size Square Feet 4356
Carport Spaces 0
Property Attached Y/N Y
Current Financing Conventional FHA VA
Property Condition Updated/Remodeled
Additional Parcels Y/N N
Structure Type Duplex
Standard Status Pending
Tax Lot 14
Legal Description John Trost Jr N Ill St Add L14
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Interior
Basement Unfinished Interior Entry
Basement (Y/N) Y
Laundry Features Upper Level
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Exterior
Exterior Amenities Lighting
Fencing Chain Link Full
Parking Features Alley Access Assigned Concrete
Lot Features Access Busline Corner Lot Curbs Sidewalks
Foundation Details Block
Lot Size Acres 0.1
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type City Street
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* Excluded Features
List By
Trueblood Real Estate

Broker

mina@truebloodre.com

Email

Affordability Calculator

$1,422
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,173
Monthly Property Taxes
$249
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/6/2026$169,900 -5.56% Price Down
6/16/2026$179,900 Listed Price

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3701 N Capitol Avenue, Indianapolis, IN, 46208 is a Multi-Family Home for sale at $169,900 with a lot size of 0.1. 3701 N Capitol Avenue has 0.0 baths and was built in 1920. The property's zip code is 46208 which is in Indianapolis, IN