3850 N Capitol Ave Indianapolis, IN 46208
Butler-Tarkington/Rocky Ripple NeighborhoodEstimated payment $2,481/month
Total Views
3,658
6
Beds
--
Bath
--
Sq Ft
--
Price per Sq Ft
About This Home
ATTENTION INVESTORS & HOUSE-HACKERS: "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. Unit 3848 is currently extremely under-rented at $1,395/month through 9/1/26. Unit 3850 is VACANT and easy to be shown.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,992
Year Built
- Built in 1925
Lot Details
- 5,401 Sq Ft Lot
Home Design
- Duplex
- Block Foundation
Interior Spaces
- 6 Bedrooms
- 2-Story Property
- Unfinished Basement
Utilities
- Central Air
- Heat Pump System
Community Details
- Butler Tarkington Subdivision
Listing and Financial Details
- Tax Lot 8009676
- Assessor Parcel Number 490614124159000801
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 | $4,409 | $168,200 | $23,800 | $144,400 |
| 2023 | $4,409 | $162,000 | $23,800 | $138,200 |
| 2022 | $4,530 | $162,000 | $23,800 | $138,200 |
| 2021 | $3,759 | $156,900 | $15,100 | $141,800 |
| 2020 | $3,752 | $156,100 | $15,100 | $141,000 |
| 2019 | $3,666 | $149,600 | $15,100 | $134,500 |
| 2018 | $4,021 | $163,400 | $4,400 | $159,000 |
| 2017 | $3,255 | $147,400 | $4,400 | $143,000 |
| 2016 | $1,718 | $144,400 | $4,400 | $140,000 |
| 2014 | $1,548 | $137,600 | $4,400 | $133,200 |
| 2013 | $1,920 | $137,600 | $4,400 | $133,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | For Sale | $395,000 | +58.0% | -- |
| 08/19/2022 08/19/22 | Sold | $250,000 | 0.0% | $198 / Sq Ft |
| 08/15/2022 08/15/22 | Pending | -- | -- | -- |
| 08/06/2022 08/06/22 | For Sale | $249,900 | 0.0% | $198 / Sq Ft |
| 08/02/2022 08/02/22 | Off Market | $250,000 | -- | -- |
| 06/30/2022 06/30/22 | For Sale | $249,900 | +42.8% | $198 / Sq Ft |
| 01/05/2022 01/05/22 | Sold | $175,000 | +16.7% | $112 / Sq Ft |
| 12/06/2021 12/06/21 | Pending | -- | -- | -- |
| 12/02/2021 12/02/21 | For Sale | $149,900 | -- | $96 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $250,000 | Mccollister Adrienne | |
| Deed | -- | Hocker Janet Davis | |
| Deed | $175,000 | Hocker Janet Davis | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $292,500 | New Conventional | |
| Previous Owner | $263,190 | Construction | |
| Previous Owner | $263,190 | Construction |
Source: Public Records
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Source: MIBOR Broker Listing Cooperative®
MLS Number: 22055648
APN: 49-06-14-124-159.000-801
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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