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Listed by Morgan Thompson • Berkley & State, LLC
$ 399,900
Est. payment /mo
Active
3850 N Capitol AVE Indianapolis, IN 46208
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Butler Tarkington
MLS Listing ID 22031324
Year Built 1925
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Duplex
Property Description
Welcome to this stunning, "nearly new" duplex nestled in the heart of the highly desirable Butler-Tarkington neighborhood-just minutes from Butler University, the Indianapolis Art Center, and blocks from Melody Inn Bar, Tea's Me Cafe, and Tarkington Park. This massive duplex was taken down to the studs in late 2022 and thoughtfully rehabbed for low maintenance living. Each side features 3 generously sized bedrooms and 1.5 updated bathrooms. The units features durable luxury vinyl plank flooring, beautifully renovated kitchens, and bathrooms with tiled showers. Each unit is equipped with its own washer and dryer for added convenience, and private, fenced-in backyards provide a peaceful outdoor escape. Major systems including the roof, electrical, plumbing, HVAC, water heaters, and appliances are approx 3 years old, making this a true low-maintenance investment. The property is fully leased, with Unit 3850 bringing in $1,750/month through 6/30/25, and Unit 3848 currently under-rented at $1,395/month through 9/1/26, offering upside potential. Listing photos were taken prior to last tenant move-ins.
Location
State IN
County Marion
Rooms
Basement Unfinished
Interior
Heating Heat Pump
Fireplace N
Exterior
View Y/N false
Roof Type Shingle
Building
Story Two
Foundation Block
New Construction false
Schools
School District Indianapolis Public Schools
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