REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Taylor Thomas

realtor@taylorthomasrealty.com +1(317) 502-5098

Listed by Mina Kadhum • Trueblood Real Estate

$ 169,900

Est. payment | -/mo

4,356 Sqft Lot

Save

$ 169,900

Est. payment | -/mo

Save

4,356 Sqft Lot

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

Nearby Locations

GET MORE INFORMATION

Taylor Thomas

Broker-Owner | Lic# RB19001934

realtor@taylorthomasrealty.com

+1(317) 502-5098

9465 Counselors Row, Ste. 200, Indianapolis, IN, 46240

3701 N Capitol AVE Indianapolis, IN 46208

Taylor Thomas

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

3701 N Capitol AVE