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Indianapolis Duplex with Alley Parking
For Sale
$169,900

3701 N Capitol Avenue, Indianapolis, IN 46208

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.10 Acres
Days on Market110

Property Features for 3701 N Capitol Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 1
Parking features Alley, Assigned
Exterior features Lighting
Fencing Chain Link
Basement Unfinished, Interior Entry
Subdivision John Trost
Lot features Access, Busline, Corner Lot, Curbs, Sidewalks
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Standard status Active
APN 490623140005000101
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description John Trost Jr N Ill St Add L14
Tax Annual Amount 2982
Legal Description John Trost Jr N Ill St Add L14

Utilities

Heating system Forced Air, Natural Gas
Cooling system Window Unit(s), Wall Unit(s)

Amenities

dedicated parking pad
perimeter fence

Building Details

Year built 1920
Floors in Building 1
Number of units 2
Building materials Wood Siding
Roof type Shingle
Architectural style Bungalow
Listing Agency: Trueblood Real Estate
Listed By: Mina Kadhum · License #RB18001932
Added: Jun 15 Changed: Sep 24 Last Checked: Oct 2 at 10:06AM
MLS# 22108462

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1920, this wood-sided bungalow contains two residential units on a 0.1-acre parcel. The property includes a remodeled bathroom completed in 2024, re-stained flooring, and a water heater installed within the last 5 years. A shingle roof and chain-link perimeter fence were completed in 2018, while the exterior received a full paint refresh in June 2026. Heating is provided by natural gas and forced air, with wall and window unit cooling. Separate meters support tenant-paid utilities.

The duplex is located at 3701 N Capitol Avenue in Indianapolis, with assigned parking on a pad behind the home and access from the alley. The property also includes a basement, two bedrooms, and two bathrooms, along with exterior lighting and wood siding.

Key Highlights

  • Two‑unit bungalow built in 1920
  • 0.1‑acre parcel at 3701 N Capitol Avenue, Indianapolis
  • Bathroom renovation completed in 2024

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Real Estate Agency HVAC Service Pharmacy Kitchen & Bath Showroom Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

803
Businesses Nearby

Demographics for 46208, IN

23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit bungalow with separate metering, recent updates, and dedicated rear parking accessed from the alley.
Where is this duplex located?
The property is located at 3701 N Capitol Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two‑unit bungalow built in 1920; 0.1‑acre parcel at 3701 N Capitol Avenue, Indianapolis; Bathroom renovation completed in 2024
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