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2-Unit Brick Duplex
For Sale
$400,000

2421 N Capitol Avenue, Indianapolis, IN 46208

Residential Income, Indianapolis, IN

Property SizeContact for details
Days on Market33

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 Changed: Aug 28 Last Checked: Sep 5 at 3:06AM
MLS# 22118086

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 brick duplex contains two residential units, each offering four bedrooms and two full bathrooms. Updated finishes and functional layouts provide the primary interior improvements, while a basement adds additional property space.

The property is located at 2421 N Capitol Avenue in Indianapolis, near downtown and close to parks and Ivy Tech. The surrounding area also includes neighborhood revitalization projects, placing the duplex within an evolving urban residential context.

Key Highlights

  • Two‑unit duplex with four bedrooms and two full baths in each unit
  • Brick construction with a 1920 build year
  • Updated finishes and functional layouts throughout both units

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.

Lease Details

2
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?
Duplex - Both units feature updated finishes and practical layouts with four bedrooms and two full baths.
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 four bedrooms and two full baths in each unit; Brick construction with a 1920 build year; Updated finishes and functional layouts throughout both units
More about this property
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