3701 N Capitol Avenue, Indianapolis, IN 46208

$169,900

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List Price: $169,900
Price Change: ▼ $10,000 1786055150
MLS#: 22108462
Days on Market: 88
Status: ACTIVE

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Property Description

An exceptional cash flow investment at 3701 N Capitol Ave - a charming Indianapolis duplex packed with recent capital improvements. Capitalize on immediate rental income generating $1,775/month 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.

(765) 413-6516

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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