Four-Unit Multifamily
New
For Sale
$400,000
2808 Capitol Ave, Indianapolis, IN 46225
Three apartments have long-term tenants, while the fourth operates as a furnished rental.
Property SizeContact for details
Days on Market6
Property Features for 2808 Capitol Ave
General Information
Standard status
Active
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Listing Agency:
@properties
(317) 489-3441
Listed By:
Kristin Glassburn
(317) 513-4251
Source:
Exprealty
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 2:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential property has a consistent 2-bedroom, 1-bathroom layout across all apartments. Three units are occupied under long-term leases, and the fourth is furnished and operated as a rental.
IU Health’s new hospital is less than a mile away and is scheduled to open in 2027. Each unit has separate electric and gas meters, with tenants responsible for those utilities. Water and sewer use a single meter and are billed back. Operating statements and a pro forma are available upon request.
IU Health’s new hospital is less than a mile away and is scheduled to open in 2027. Each unit has separate electric and gas meters, with tenants responsible for those utilities. Water and sewer use a single meter and are billed back. Operating statements and a pro forma are available upon request.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- Units 1, 2, and 3 are leased long‑term; unit 4 is furnished and operated as a rental
- Separate electric and gas meters for each unit; tenants pay those utility bills
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Explore this area
Business Placement
Demographics for 46225, IN
6,503
Population
3,056
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
1,626
Density / Sq Mi
$47,917
Median Household Income
$36,132
Median Earnings
$1,104
Median Rent
$123,600
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
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments have long-term tenants, while the fourth operates as a furnished rental.
Where is this quadplex located?
The property is located at 2808 Capitol Ave 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: Four apartments, each with 2 bedrooms and 1 bathroom; Units 1, 2, and 3 are leased long‑term; unit 4 is furnished and operated as a rental; Separate electric and gas meters for each unit; tenants pay those utility bills
