2407 N Capitol Ave Indianapolis, IN 46208
Near Northside NeighborhoodEstimated payment $4,224/month
Total Views
6,065
5
Beds
4
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- A-Frame Home
- Home Security System
- 4-minute walk to Barton Park
- 3 Car Detached Garage
- Property is near a bus stop
About This Home
This STR portfolio is comprised of four properties totaling 16 rentable units. This is a quadplex with 4 units. Current ownership has demonstrated strong short-term income potential. Near downtown locations and boutique finishes drive high occupancy and opportunities for increased revenue with a combination of STR and MTR. Conversion to townhomes/condos or LTR as well as development of included green space to add units offer multiple investment strategies.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,280
Year Built
- Built in 1914
Parking
- 3 Car Detached Garage
Home Design
- A-Frame Home
- Block Foundation
- Vinyl Siding
Interior Spaces
- 3-Story Property
- Washer and Dryer Hookup
- Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Home Security
- Home Security System
- Fire and Smoke Detector
Additional Features
- 5,280 Sq Ft Lot
- Property is near a bus stop
- Separate Meters
Community Details
- J W Becks Sub Rhodes Subdivision
Listing and Financial Details
- Tax Lot 490626108032000101
- Assessor Parcel Number 490626108032000101
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,185 | $361,600 | $51,300 | $310,300 |
| 2023 | $4,185 | $170,600 | $25,600 | $145,000 |
| 2022 | $3,415 | $138,900 | $25,600 | $113,300 |
| 2021 | $3,047 | $126,300 | $23,300 | $103,000 |
| 2020 | $3,056 | $126,300 | $23,300 | $103,000 |
| 2019 | $3,021 | $122,500 | $23,300 | $99,200 |
| 2018 | $3,045 | $122,500 | $23,300 | $99,200 |
| 2017 | $2,653 | $119,100 | $23,300 | $95,800 |
| 2016 | $3,019 | $113,700 | $23,300 | $90,400 |
| 2014 | $2,439 | $112,800 | $23,300 | $89,500 |
| 2013 | $2,666 | $112,800 | $23,300 | $89,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | Price Changed | $725,000 | -3.3% | -- |
| 05/16/2025 05/16/25 | For Sale | $750,000 | +4900.0% | -- |
| 02/26/2014 02/26/14 | Sold | $15,000 | -24.6% | $11 / Sq Ft |
| 02/11/2014 02/11/14 | Pending | -- | -- | -- |
| 01/07/2014 01/07/14 | For Sale | $19,900 | -- | $14 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Investors Title | |
| Deed | $60,000 | -- | |
| Deed | $20,000 | -- | |
| Quit Claim Deed | -- | None Available | |
| Deed | $15,000 | First American Title Insuran | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $22,200 | New Conventional | |
| Open | $496,000 | New Conventional | |
| Previous Owner | $279,500 | New Conventional | |
| Previous Owner | $179,900 | Commercial | |
| Previous Owner | $120,000 | Commercial | |
| Previous Owner | $104,000 | New Conventional |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22037091
APN: 49-06-26-108-032.000-101
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