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Quadplex with Furnished Units
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 Market208

Property Features for 2407 N Capitol Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
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
Tax Annual Amount 8580
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: Sep 30 Last Checked: Oct 13 at 12:06AM
MLS# 22090562

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.

This 1914 brick quadplex contains four residences: three single-level units with one bedroom and one bathroom apiece, plus a two-level unit with two bedrooms and two bathrooms. The larger residence also has a walk-in closet. The property has been operated as short-term rentals, and the units may be conveyed furnished or unfurnished. Building features include forced-air heat, window-unit cooling, a shingle roof, a basement, and a balcony.

The 0.12-acre property includes two garages with room for at least three vehicles combined. A backyard patio has multiple seating areas, and the exterior features a fire pit. The property is in Indianapolis, with downtown dining, nightlife, and entertainment described as nearby.

Key Highlights

  • Four‑unit property with three one‑bedroom, one‑bath residences and one two‑bedroom, two‑bath residence
  • The two‑bedroom unit spans two levels and includes a walk‑in closet
  • 0.12‑acre parcel with two garages accommodating at least three vehicles total

Property Analytics

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Current Use

Quadplexes

Suggested Use

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

What type of property is this?
Quadplex - Four residences include three single-level one-bedroom layouts and a larger two-level home.
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 property with three one‑bedroom, one‑bath residences and one two‑bedroom, two‑bath residence; The two‑bedroom unit spans two levels and includes a walk‑in closet; 0.12‑acre parcel with two garages accommodating at least three vehicles total
More about this property
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