IN > Indianapolis
Indianapolis, IN 46208,3178 N Capitol AVE
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Indianapolis, IN 46208,3178 N Capitol AVE
Indianapolis, IN 46208,3178 N Capitol AVE
Indianapolis, IN 46208,3178 N Capitol AVE
Indianapolis, IN 46208,3178 N Capitol AVE
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Jeff Landers

Jeff Landers

+1(317) 750-9767
Listed by Mark Harris • CENTURY 21 Scheetz
$ 399,999
Est. payment /mo
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Active

3178 N Capitol AVE Indianapolis, IN 46208

2,200 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 2,200 sqft

Price per Sqft $181

MLS Listing ID 22017010

Year Built 1925

Tax Year 2023

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Multi-Family 5+

Property Description

CHARMING QUINTUPLE MULTI-UNIT PROPERTY! A PRIME INVESTMENT PROPERTY! Take a look at this well-maintained 5 unit-property, a fantastic opportunity for both investors and homeowners looking to generate rental income. Each of the five units offers spacious living with a comfortable living room, bedroom, and kitchen, along with separate entries for added convenience, safety and privacy. The property features several key updates, including new roof, windows, doors, electrical/plumbing, water heater and electric baseboard heating system all completed in 2022. Freshly painted interior creates a bright and inviting atmosphere- perfect for the renter's ambiance! With its attractive curb appeal, this property is sure to catch the eye of both tenants and visitors, Ideal for those looking to invest in a high demand rental property or offset living expenses. With each unit currently leased at $1000 per month (effective 1/4/25), the property promises a steady stream of income with a great CAP rate (10.95%)!With its prime location, low-maintenance and excellent rental income, this property is a rare find in Indianapolis. Don't miss out on this great opportunity.

Location

State IN

County Marion

Zoning D-8

Rooms

Basement Unfinished

Interior

Heating Forced Air, Gas

Cooling Central Electric

Fireplace N

Exterior

Garage Spaces 1.0

Utilities Available Cable Available, Electricity Connected, Gas Nearby, Gas

View Y/N true

Roof Type Asphalt,Shingle

Building

Story 1

Architectural Style TraditonalAmerican

Structure Type Aluminum Siding

New Construction false

Schools

Middle Schools Northwest Community Middle School

School District Indianapolis Public Schools

Others

Virtual Tour https://youtu.be/8BUAfGrofOc

MIBOR MLS
© 2025 Listings courtesy of MIBOR as distributed by MLS GRID. All Rights Reserved.

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Jeff Landers

Real Estate Advisor | License ID: RB14050540

+1(317) 750-9767

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I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Jeff Landers, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

I simply cannot recommend Jeff enough to anyone considering buying or selling a home. My experience with him selling my first house has confirmed in my mind that he is absolutely the best in the business. Not only is Jeff outstandingly professional, knowledgeable and experienced but he constantly and consistently went above and beyond for me during this process. His willingness to listen to me when I was panicking and calm me down and go to bat for me in difficult situations is something I am incredibly grateful for. I trust Jeff implicitly and was never steered wrong throughout the entire process. 5 stars is not enough to express my gratitude and stellar experience with Jeff.

RebeccaRoy0