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Updated Furnished Quadplex
For Sale
$649,900

2407 N Capitol Avenue, Indianapolis, IN 46208

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.12 Acres
Days on Market162

Property Features for 2407 N Capitol Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Rooms Basement
Exterior features Fire Pit, Balcony
Subdivision J W Becks Sub Rhodes
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 490626108032000101
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Joseph W Becks Sub Add L17
Legal Description Joseph W Becks Sub Add L17

Utilities

Heating system Forced Air
Cooling system Window Unit(s)

Amenities

backyard patio

Building Details

Year built 1914
Floors in Building 3
Number of units 4
Building materials Brick
Roof type Shingle
Listing Agency: eXp Realty, LLC
Listed By: James Gilday · License #RB14048800
Added: Mar 20 Changed: Aug 21 Last Checked: Aug 28 at 9:06AM
MLS# 22090562

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.

Investment Insights

Based on property information with market context.

This brick quadplex contains four residential units with a documented mix of three one-bedroom, one-bath single-level apartments and one two-bedroom, two-bath residence arranged across two levels. The larger unit includes a walk-in closet and additional flexible spaces in both bedrooms. The property has been updated and may be conveyed with furnishings or without them, allowing continued furnished operations or a different rental format.

Ownership has operated the units as short-term rentals. The property is located at 2407 N Capitol Avenue in Indianapolis, near downtown nightlife, dining, and entertainment. Two garages provide capacity for at least three vehicles total, while the backyard patio adds several outdoor seating areas. Additional physical features include a balcony, fire pit, shingle roof, forced-air heating, and window-unit cooling.

Key Highlights

  • Four‑unit quadplex with three 1‑bedroom, 1‑bath units and one 2‑bedroom, 2‑bath residence
  • Larger residence spans two levels and includes a large walk‑in closet
  • Furnishings may convey with the property or be excluded

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Furniture & Home Goods (Bike/Boat/Book/etc) Store Carpet & Flooring Store Auto Parts 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

4
Residential units

Location Intelligence

Trade Area within ½ mile

722
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Four-unit residential asset with furnished delivery, garage parking, and outdoor gathering space near downtown amenities.
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 $649,900.
What are key features of this property?
This property features: Four‑unit quadplex with three 1‑bedroom, 1‑bath units and one 2‑bedroom, 2‑bath residence; Larger residence spans two levels and includes a large walk‑in closet; Furnishings may convey with the property or be excluded
More about this property
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