3701 N Capitol Avenue, Indianapolis, IN 46208

Property Description

An exceptional turn-key investment or premier "house-hacking" opportunity awaits at 3701 N Capitol Ave, a charming Indianapolis duplex packed with recent capital improvements. Capitalize on immediate rental income from one side currently generating $725/month, while utilizing the vacant, newly refreshed unit that features a fresh bathroom remodel (2024), a newer water heater (installed within the last 5 years), and a robust pro forma rental potential of $900-$950/month. The property features a whole-house exterior paint refresh (June 2026), alongside long-term mechanical peace of mind provided by a newer roof and a fully installed perimeter fence (both completed in 2018). Tenants and owner-occupants alike will appreciate the convenient off-street dedicated parking pad located directly behind the home via alley access, eliminating the hassle of street-only parking. Situated just minutes from downtown Indianapolis, this location offers unbeatable proximity to the heart of the city, bustling local shops, dining hotspots, and public transit, making it a stellar addition to any real estate portfolio or the perfect place to live for free while your tenant pays the mortgage.

Listing Status:

Active

Data Last Updated:

July 5, 2026 at 5:17PM

Listing Office:

Trueblood Real Estate : 317-374-6055

Listing Agent:

Mina Kadhum : 317-374-6055

MLS ID:

22108462

Interior

• Laundry: Upper Level
• Basement: UnfinishedInterior Entry
• A/C: Wall Unit(s)Window Unit(s)
• Heating: Forced AirNatural Gas

Exterior

• General: Lighting
• Style: Bungalow
• Parking: Alley AccessAssignedConcrete

Construction

• Roofing: Shingle
• General: OneBlock

Location

• Road/Access: City Street
• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: John Trost Jr N Ill St Add L14490623140005000101
• View: NeighborhoodView
• Fencing: Chain LinkFull
• Current Use: Residential

Financial

• Source: mibor