Updated Quadplex Near Downtown
2407 N Capitol Avenue, Indianapolis, IN 46208
- Added:
- Mar 20, 2026
- Days on Market:
- 71
- Last Refresh:
- May 29 at 4:06 pm
Property Features for 2407 N Capitol Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Rooms
- Basement
- Security features
- Smoke Detector(s)
- Exterior features
- Fencing, Fire Pit, Balcony
- Fencing
- Fenced
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 490626108032000101
- Lot size
- 0.12 Acres
Utilities
- Heating system
- Forced Air
- Cooling system
- Multi Units, Window Unit(s)
Building Details
- Year built
- 1914
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
Listing agent James Gilday License #RB14048800 (317) 797-5062
Listing office eXp Realty, LLC Counselors Row Ste 200, IN (888) 611-3912
Listing date Mar 20, 2026
MLS# 22090562
Listing URL
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location near downtown nightlife, dining, and entertainment ensures high occupancy and strong income potential.
- Turnkey investment opportunity with four fully furnished, updated units ready for immediate operation as short‑term rentals.
- Proven income performance with upside potential.
- Versatile property with multiple exit strategies.
- Includes two garages with capacity for at least three vehicles, adding convenience and value.
- Thoughtfully designed backyard patio with multiple seating areas provides a relaxing outdoor retreat.
Overview
This updated quadplex presents a rare investment opportunity, offering style, flexibility, and income potential. The property features four fully furnished units designed to maximize comfort and revenue. Located moments from downtown nightlife, dining, and entertainment, the property benefits from consistently high occupancy. The current ownership has successfully operated the units as short-term rentals, demonstrating strong income performance with additional upside through a mix of short-term and mid-term rentals. The building includes three one-bedroom, one-bathroom single-level units, each recently upgraded with modern improvements. The fourth unit is a two-bedroom, two-bathroom, two-level residence, complete with a large walk-in closet. Each bedroom in unit 4 includes versatile spaces suitable for additional seating, an office, a play area, reading nooks, or additional storage. All four units can be sold fully furnished or unfurnished. The property also includes two garages with capacity for at least three vehicles total. A thoughtfully designed backyard patio provides multiple seating areas. The property offers additional upside through the potential development of the included green space. The lot size is 0.12 acres. With multiple exit strategies, including continued short-term/mid-term rental operation, conversion to long-term rentals, or redevelopment into townhomes or condos, this property delivers on location, lifestyle, and long-term potential.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.160983
- Latitude
- 39.80104
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Updated, fully furnished quadplex near downtown with income potential.
Where is this quadplex located?
The property is located at 2407 N Capitol Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Prime location near downtown nightlife, dining, and entertainment ensures high occupancy and strong income potential.; Turnkey investment opportunity with four fully furnished, updated units ready for immediate operation as short‑term rentals.; Proven income performance with upside potential.
