3114 N Capitol Avenue, Indianapolis, IN 46208
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
3114 N Capitol Avenue,Indianapolis, IN 46208
$324,900
- 4 Beds
- 4 Baths
- 2,724 sq. ft.
- Single family
- Active
Listed by: alexander moore
Office: full canopy real estate, llc.
MLS#:22075964
Source:IN_MIBOR
Price summary
- Price:$324,900
- Price per sq. ft.:$119.27
About this home
Crafted by Mad River Homes, one of Indianapolis' respected renovation and building specialists, this north-side Downtown property blends quality, flexibility, and investment potential in a highly desirable location. Walk through the spacious front porch to arrive into the expansive foyer; where the whole home invites you in. The upstairs hosts the bedrooms and laundry, while the main level serves a perfect home for entertainment, formal dining, and preparing meals. Designed for versatility, this home features a layout that allows the upstairs and basement to be fully separated, creating an opportunity for an ADU or in-law suite. This configuration is ideal for a house-hack strategy, multi-generational living, or generating income from two distinct spaces. As an Airbnb, the upper unit could produce up to $3,500 per month and the lower unit up to $2,000. As a long-term rental, projected rents are approximately $2,000 upstairs and $1,000 downstairs. Mad River Homes also offers customization options tailored to your needs, including adding a garage. Perfect for entertaining, income generation, or providing separate living quarters; this property also qualifies for grant programs offering 0% down, no PMI, and a $5,000 credit toward closing costs. Just minutes from Butler University, Broad Ripple, Mass Ave, the Indianapolis Children's Museum, Eskenazi Hospital, Methodist Hospital, and IU Indianapolis, it offers immediate access to major educational, medical, and cultural anchors. Book your showing today and we look forward to calling this home yours!...
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Home facts
- Year built:1986
- Listing ID #:22075964
- Added:118 day(s) ago
- Updated:April 05, 2026 at 02:42 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:3
- Half bathrooms:1
- Dining Description:Dining Combo/Kitchen, Formal Dining Room, Separate Room
- Kitchen Description:Dishwasher, Electric Cooktop, Microwave, Refrigerator
- Basement:Yes
- Basement Description:Basement, Egress Window(s), Finished Walls, Roughed In
- Living area:2,724 sq. ft.
Heating and cooling
- Cooling:Central Electric
- Central air:Yes
Structure and exterior
- Year built:1986
- Building area:2,724 sq. ft.
- Lot area:0.12 Acres
- Architectural Style:Craftsman
- Construction Materials:Cement Siding
- Foundation Description:Block
Utilities
- Water:Public Water
Finances and disclosures
- Price:$324,900
- Price per sq. ft.:$119.27
Features and amenities
- Appliances:Microwave, Refrigerator
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