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$399,900 -

3850 N Capitol Avenue Indianapolis IN 46208

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.12
Acres

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. The next showing window on 04/22 from 11:00-12:00pm. Stop by any time during that window. Listing photos were taken prior to last tenant move-ins.

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Property Details

Price: $399,900 Previously: $399,900 Originally: $399,900 Bathrooms: 0.00 MLS #: 22031324 Year Built: 1925 Township: Washington Type: Residential Income Zip Code: 46208 City: Indianapolis Subdivision: Butler Tarkington County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Heating: Heat Pump

Exterior Features

Exterior Features:
  • # Acres: 0.12

Listing Office: Berkley & State, Llc

Office Contact: morgan@berkleyandstate.com

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Listing information last updated on April 18th, 2025 at 10:46pm EDT.

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