3178 N Capitol Avenue, Indianapolis, IN 46208
- $399,999
- $399,999
- $399,999
- $399,999
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.
Address
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Address: 3178 N Capitol Avenue
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City: Indianapolis
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State/county: IN
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Zip/Postal Code: 46208
Details
Updated on November 19, 2025 at 3:07 am-
Property ID 22017010
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Price $399,999
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Property Size 2200 Sqft
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Land Area 0.12 Acres
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Garage 1
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Garage Size x x
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Year Built 1925
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Property Type Multi-Family 5+, Commercial Sale
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Property Status Closed
Additional details
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Roof Asphalt,Shingle
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Utilities Cable Available,Electricity Connected,Natural Gas Available,Natural Gas Connected
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Cooling Central Air
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Heating Forced Air,Natural Gas
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County Marion
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Property Type Commercial Sale
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Middle School Northwest Community Middle School
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High School George Washington High School
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Architectural Style Traditional
Mortgage Calculator
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