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Refreshed Indianapolis Duplex
For Sale
$169,900

3701 N Capitol Avenue, Indianapolis, IN 46208

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.10 Acres
Days on Market79

Property Features for 3701 N Capitol Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Basement
Parking features Assigned, Alley
Exterior features Lighting
Fencing Chain Link
Basement Interior Entry, Unfinished
Subdivision John Trost
Lot features Access, Busline, Corner Lot, Curbs, Sidewalks
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 490623140005000101
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description John Trost Jr N Ill St Add L14
Legal Description John Trost Jr N Ill St Add L14

Utilities

Heating system Natural Gas, Forced Air
Cooling system Wall Unit(s), Window Unit(s)

Building Details

Year built 1920
Floors in Building 1
Number of units 2
Building materials Wood Siding
Roof type Shingle
Architectural style Bungalow
Listing Agency: Trueblood Real Estate
Listed By: Mina Kadhum · License #RB18001932
Added: Jun 15 Changed: Sep 1 Last Checked: Sep 1 at 2:06AM
MLS# 22108462

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.

Located at 3701 N Capitol Avenue, this 1920 bungalow-style duplex offers a two-unit configuration with one occupied side and one vacant unit. The available unit includes a bathroom remodeled in 2024, while the property also features a newer water heater installed within the last 5 years, forced-air natural gas heat, window and wall-unit cooling, wood siding, and a basement.

The 0.1-acre property includes a dedicated parking pad behind the home, reached through alley access, along with chain-link fencing and assigned parking. A whole-house exterior paint refresh was completed in June 2026. The shingle roof and perimeter fence date to 2018, adding established improvements to the property’s physical profile.

Key Highlights

  • Duplex on a 0.1‑acre lot at 3701 N Capitol Avenue, Indianapolis, IN 46208
  • One unit is vacant and includes a bathroom remodel completed in 2024
  • Newer water heater installed within the last 5 years

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Pharmacy Kitchen & Bath Showroom Big Box & Wholesale 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
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

803
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
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit bungalow with a remodeled bathroom, dedicated rear parking, and alley access near downtown Indianapolis.
Where is this duplex located?
The property is located at 3701 N Capitol Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Duplex on a 0.1‑acre lot at 3701 N Capitol Avenue, Indianapolis, IN 46208; One unit is vacant and includes a bathroom remodel completed in 2024; Newer water heater installed within the last 5 years
More about this property
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