2407 N Capitol Avenue, Indianapolis, IN 46208

Property Description

Step into a rare investment opportunity where style, flexibility, and income potential converge. This beautifully updated quadplex offers four fully furnished units, thoughtfully designed to maximize both comfort and revenue. Ideally located just moments from downtown nightlife, dining, and entertainment, the property benefits from consistently high occupancy driven by its prime location and boutique-style finishes. Current ownership has successfully operated the units as short-term rentals, demonstrating strong income performance with additional upside through a mix of short-term (STR) and mid-term rentals (MTR). The building features three well-appointed one-bedroom, one-bathroom single-level units, each recently upgraded with modern improvements. The fourth unit is a spacious two-bedroom, two-bathroom, two-level residence, complete with a large walk-in closet. Each bedroom in unit 4 includes a versatile spaces-perfect for additional seating, an office, cozy play area, reading nooks and or additional storage or whatever you decide! All four units can be sold fully furnished, offering a seamless, turnkey investment and or unfurnished. The property also includes two garages with capacity for at least three vehicles total, adding convenience and value for guests or tenants. Outdoors, a thoughtfully designed backyard patio provides multiple seating areas, creating a relaxing retreat ideal for entertaining or unwinding after a night in the city or a long day of work. With multiple exit strategies-including continued STR/MTR operation, conversion to long-term rentals, or redevelopment into townhomes or condos-this property also offers additional upside through the potential development of the included green space. Whether you're expanding your portfolio or seeking a versatile, income-producing asset, this property delivers on location, lifestyle, and long-term potential.

Listing Status:

Active

Data Last Updated:

April 3, 2026 at 1:20AM

Listing Office:

eXp Realty, LLC : 317-797-5062

Listing Agent:

James Gilday : 317-797-5062

MLS ID:

22090562

Interior

• Laundry: Laundry Closet
• A/C: Window Unit(s)
• Heating: Forced Air

Exterior

• General: Fire PitBalcony
• Parking: Detached

Construction

• Roofing: Shingle
• General: Three Or MoreConcrete Perimeter

Location

• HOA Amenities: Furnished Units
• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: Joseph W Becks Sub Add L17490626108032000101
• Fencing: Front Yard
• Current Use: Residential

Financial

• Source: mibor