3114 N Capitol Avenue, Indianapolis, IN 46208
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
3114 N Capitol Avenue,Indianapolis, IN 46208
$339,900
- 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:$339,900
- Price per sq. ft.:$124.78
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. 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. Designed for versatility, the home features a layout that allows the upstairs and downstairs to be fully separated, creating the opportunity for an ADU or in-law suite in the basement. 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, building a porch, or installing a full kitchen in the basement to create two independent units. 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.
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Home facts
- Year built:1986
- Listing ID #:22075964
- Added:1 day(s) ago
- Updated:December 08, 2025 at 06:37 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:3
- Half bathrooms:1
- Living area:2,724 sq. ft.
Heating and cooling
- Cooling:Central Electric
Structure and exterior
- Year built:1986
- Building area:2,724 sq. ft.
- Lot area:0.12 Acres
Utilities
- Water:Public Water
Finances and disclosures
- Price:$339,900
- Price per sq. ft.:$124.78
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