2407 N Capitol Avenue, Indianapolis, IN 46208

Indianapolis
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
2407 N Capitol Avenue,Indianapolis, IN 46208
$649,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: james gilday
Office: exp realty, llc.
MLS#:22090562
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$649,900

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...

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Home facts

  • Year built:1914
  • Subdivision & Development:J W Becks Sub Rhodes
  • Listing ID #:22090562
  • Added:188 day(s) ago
  • Updated:September 26, 2026 at 03:26 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:$649,900

Features and amenities

  • Appliances:Smoke Alarm

Parking

  • Garage:Yes
  • Garage spaces:3
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