2407 N Capitol Avenue, Indianapolis, IN 46208
Local realty services provided by:CENTURY 21 Scheetz
2407 N Capitol Avenue,Indianapolis, IN 46208
$750,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: james gilday
Office: exp realty, llc.
MLS#:22090562
Source:IN_MIBOR
Price summary
- Price:$750,000
About this home
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....
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Home facts
- Year built:1914
- Listing ID #:22090562
- Added:1 day(s) ago
- Updated:March 21, 2026 at 11:39 PM
Rooms and interior
- Basement:Yes
- Basement Description:Basement
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Forced Air
Structure and exterior
- Roof:Shingle
- Year built:1914
- Lot area:0.12 Acres
- Construction Materials:Brick
- Exterior Features:Balcony, Fire Pit
- Foundation Description:Concrete Perimeter
Utilities
- Water:Water
- Sewer:Sewer, Storm Sewer
Finances and disclosures
- Price:$750,000
Features and amenities
- Appliances:Smoke Alarm
Parking
- Garage:Yes
- Garage spaces:3
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