2407 N Capitol Avenue, Indianapolis, IN 46208

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1914
  • Subdivision & Development:J W Becks Sub Rhodes
  • Listing ID #:22090562
  • Added:236 day(s) ago
  • Updated:November 13, 2026 at 04:49 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
Copyright 2026 Metropolitan Indianapolis Board of Realtors. All rights reserved. Listings courtesy of Metropolitan Indianapolis Board of Realtors as distributed by MLS GRID. Metropolitan Indianapolis Board of Realtors provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Metropolitan Indianapolis Board of Realtors will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Metropolitan Indianapolis Board of Realtors.

New listings near 2407 N Capitol Avenue