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Updated Brick Duplex
New
For Sale
$400,000

2421 N Capitol Avenue, Indianapolis, IN 46208

MULTI_FAMILY - Indianapolis, IN

Property SizeContact for details
Days on Market2

Property Features for 2421 N Capitol Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Basement
Subdivision F M Becks Sub Rhodes N Illinois St Add
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 490626108065000101

Taxes and HOA fees

Tax Year 2025
Tax Description 2421 N Capitol Ave Condominiums Unit A
Legal Description 2421 N Capitol Ave Condominiums Unit A

Building Details

Year built 1920
Floors in Building 2
Number of units 2
Building materials Brick
Listing Agency: The Modglin Group
Listed By: Ely Berger · License #RB25001754
Added: Aug 4 Last Checked: Aug 5 at 4:06PM
MLS# 22118086

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.

Built in 1920, this brick duplex at 2421 N Capitol Avenue features two residential units with four bedrooms and two full baths in each unit. Updated finishes and practical layouts support both comfortable occupancy and flexible owner-occupant use. Basement space is also included.

The property is positioned near downtown Indianapolis, with parks and Ivy Tech nearby. The surrounding area also includes neighborhood revitalization projects. The configuration allows an owner to occupy one unit while leasing the other, or operate both units as a residential income property.

Key Highlights

  • Two‑unit duplex with 4 bedrooms and 2 full baths in each unit
  • Brick construction completed in 1920
  • Updated finishes and functional layouts

Property Analytics

Current Use

Duplexes

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.

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?
Duplex - The two-unit property offers four-bedroom layouts, two full baths per unit, and updated interior finishes.
Where is this duplex located?
The property is located at 2421 N Capitol Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms and 2 full baths in each unit; Brick construction completed in 1920; Updated finishes and functional layouts
More about this property
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