3701 N Capitol Avenue, Indianapolis, IN 46208
- $179,900
- List Price
- $179,900
- MLS#
- 22108462
- Days on Market
- 43
- Status
- ACTIVE
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.
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Additional Information
- Tenant Pays
- All Utilities, Electricity, Gas, Insurance, Lawncare, Sewer, Water
- Owner Pays
- Taxes
- Basement
- Unfinished, Interior Entry
- Foundation
- Block
- Stories
- One
- Architecture
- Bungalow
- Exterior Amenities
- Lighting
- Acres
- 0.10
- Heat
- Forced Air, Natural Gas
- Cooling
- Wall Unit(s), Window Unit(s)
- Financing
- Conventional, FHA, VA
- Region
- Center
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Listing courtesy of Trueblood Real Estate.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative