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    Property profile & analytics

    3178 Capitol Ave Indianapolis, IN 46208

    • Multifamily properties
    • 2,200 SF
    • 0.12 lot acres
    For Sale
    View listing
    $399,999
    Value Estimation
    Location Intelligence
    Property ID
    US31-3532905
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Multifamily properties

    Property Details for 3178 Capitol Ave

    Year built
    1925
    Lot size
    0.12 lot acres
    Property size
    2,200 SF
    Property type
    Multifamily properties

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1618
    Latitude
    39.81363

    Comparable in this City

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      Renovated Duplex in Prime Location

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      Condo Near Downtown Indianapolis

      Two-bedroom condo with garage parking, close to city amenities.
      3965 N Meridian St, Indianapolis, IN 46208
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    • $195,000
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      Historic Duplex in Butler-Tarkington

      Rare, historic multi-family property near mid-town with many possibilities.
      505 W 40Th St, Indianapolis, IN 46208
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    Similar Nearby for Sale

    • $649,999
      Pending

      Butler Tarkington Quadruplex Opportunity

      Unique quadruplex with updated apartments and charming main house.
      4155 Graceland Ave, Indianapolis, IN 46208
      View Details
    • $100,000

      Riverside Park Duplex Opportunity

      Duplex opportunity in revitalized Riverside Park, Indianapolis.
      1047 Udell St, Indianapolis, IN 46208
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    • $219,900
      0.12 Acres

      Spacious Duplex with Income Potential

      Indianapolis duplex with flexible occupancy and cash flow potential.
      3513 N Kenwood Ave, Indianapolis, IN 46208
      View Details
    • $450,000

      Renovated Duplex in Indianapolis

      Completely renovated duplex with modern amenities and convenient location.
      2421 N Capitol Ave, Indianapolis, IN 46208
      View Details
    • $140,000
      Pending

      Indianapolis Duplex with Income Potential

      Classic duplex in Indianapolis with income and renovation potential.
      1150 Eugene St, Indianapolis, IN 46208
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    • $199,000
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      Updated Duplex in Revitalizing Neighborhood

      Turnkey duplex with strong cash flow potential near downtown Indianapolis.
      2805 Boulevard Pl, Indianapolis, IN 46208
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    Similar Nearby for Lease

    • $899 /Mo

      Spacious 2-Bedroom Apartment in Indianapolis

      Comfortable 2-bedroom apartment with convenient access to Indianapolis attractions.
      3736 N Meridian St, Indianapolis, IN 46208
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    • $20 SF/Yr
      5,061 SF

      Prime Office Space Available

      Office space for rent with on-site parking and elevator.
      2301 N Meridian St, Indianapolis, IN 46208
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    • Contact for pricing
      7,200 SF

      Fall Creek Industrial Property

      7,200 SF Industrial Building, 4.75 Acres
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      Industrial Space in Park 100

      61,965 SF industrial space with 2,200 SF office space.
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    • Contact for pricing
      23,522 SF

      Meridian Street Commercial Land Parcel

      Prime Commercial Land: Lease or Buy.
      2225 Meridian St, Indianapolis, IN 46208
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    • $17 SF/Yr
      6,828 SF

      Prime Indy Office Space Available

      Historic Indy Office - 6,828 SF
      2902 Meridian St, Indianapolis, IN 46208
      View Details
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    3178 Capitol Ave
    Indianapolis, IN 46208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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