• Property Type
  • Multi-Family 5+, Commercial Sale
  • 1
  • Garage
  • 2200 Sqft
  • Area Size
3178 N Capitol Avenue, Indianapolis, IN 46208
  • $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: 3178 N Capitol Avenue
  • City: Indianapolis
  • State/county: IN
  • Zip/Postal Code: 46208

Details

Updated on November 19, 2025 at 3:07 am
  • Property ID 22017010
  • Price $399,999
  • Property Size 2200 Sqft
  • Land Area 0.12 Acres
  • Garage 1
  • Garage Size x x
  • Year Built 1925
  • Property Type Multi-Family 5+, Commercial Sale
  • Property Status Closed

Additional details

  • Roof Asphalt,Shingle
  • Utilities Cable Available,Electricity Connected,Natural Gas Available,Natural Gas Connected
  • Cooling Central Air
  • Heating Forced Air,Natural Gas
  • County Marion
  • Property Type Commercial Sale
  • Middle School Northwest Community Middle School
  • High School George Washington High School
  • Architectural Style Traditional

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Preeti Chaggar

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