$4,986 Closing Credit¹
#22031403, Eileen O'Brien Metzger, Listing Office: CENTURY 21 Scheetz
$399,900 List price
3850 N Capitol Ave Indianapolis, IN 46208
$4,749
Closing credit¹
0.1 acres
Multi-Family
Property details
About 3850 N Capitol Ave
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. Listing photos were taken prior to last tenant move-ins.
Highlights
Home typeDuplex
HeatingHeat Pump
StatusActive
BasementYes
Lot size0.12 Acres
Year built1925
MLS #22031324
Summary
- Basement: Yes
- Heating: Heat Pump
- List Price: $399,900
- Annual Tax Amount: $3,842
- Tax Year: 2023
- Directions: GPS Friendly
- Year Built: 1925
- Lot Size: 0.12 Acres
- MLS Number: 22031324
- MLS Name: MIBOR
- Office Name: Berkley & State, LLC
- Office Email: morgan@berkleyandstate.com
- Listing Agent: Morgan Thompson
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Copyright ©2025 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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.
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Last updated on: 6/3/2025, 5:31:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$399,900
3850 N Capitol Ave
$4,749
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 26, 2022 | Home Sold | $250,000 |
| Jan 12, 2022 | Home Sold | $175,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $162,000 | $3,842 |
| 2022 | $185,900 | $4,393 |
| 2021 | $156,900 | $3,620 |
| 2020 | $156,100 | $3,666 |
| 2019 | $149,600 | $4,021 |
| 2018 | $163,400 | $3,255 |
| 2017 | $147,400 | $1,718 |
History based on county public records data.
Nearby schools
4
Louis B Russell Jr School 48
Public Charter KG-6
0.8 mi
•3445 Central Ave
3
Kipp Indy Unite Elementary School
Public Charter KG-5
2.0 mi
•1740 E 30th St
2
Tindley Genesis Academy
Public Charter KG-6
2.5 mi
•4020 Meadows Pkwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,949. Typical income of Indianapolis, IN residents is less than $<35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
53%
<35k
40%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
54%
Single, No Kids
21%
Single, with Kids
15%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
10%
12-17 yrs old
23%
18-34 yrs old
38%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
NHRA Drag Racing
Extreme Sports
Where do the neighbors shop?
Family Dollar
Big Lots
Sam's Club
Where do the neighbors go to eat?
White Castle
Golden Corral
LongHorn Steakhouse
What do the neighbors drive?
Chevrolet
Kia
Oldsmobile
What do the neighbors listen to?
Rock
Adult Standards
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Indianapolis, IN
Indianapolis has a comprehensive transport system that includes a city-wide bus service with regular routes connecting various neighborhoods. The city is also known for its bike-friendly initiatives, with numerous bike lanes and trails. Major highways such as I-65 and I-70 provide efficient routes for drivers to navigate in and out of the city. While specific ride-sharing statistics are not mentioned, such services are commonly used throughout the city.
The city is served by a robust educational system, including a variety of public and private schools, catering to all levels of education. Healthcare is well-supported with several hospitals offering a range of services from emergency care to specialized treatments. Indianapolis also boasts a network of public libraries and a rich assortment of retail and dining options that reflect the diverse culinary tastes of its residents.
Indianapolis is celebrated for its vibrant cultural scene and sporting events, including the world-renowned Indianapolis 500. The city prides itself on its community-oriented atmosphere, with numerous parks and green spaces contributing to its inviting character. Seasonal festivals and local farmers' markets are a testament to the city's commitment to community engagement and local produce.
Indianapolis offers a diverse housing market, with single-family homes being a significant component, reflecting a mix of architectural styles from historic Victorian to contemporary. The housing options also include a variety of apartments and townhouses, accommodating a range of preferences and lifestyles. The city has seen a steady growth in housing developments, particularly in the downtown area, which has added modern living spaces to the urban core.
About 3850 N Capitol Ave
This home is located at 3850 N Capitol Ave in Indianapolis, IN and zip code 46208. Features: 0 bathroom. It has been listed on Rocket Homes since April 8, 2025 and is currently priced at $399,900.
Over 300 listings were sold over their listed price in May 2025 in Indianapolis, IN. In the same period over 544 listings were sold below the listed price and 315 listings were sold for the listed price. The number of homes for sale in Indianapolis, IN increased by 3.7% between April and May 2025. In May 2025, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $250,180.
From Rocket Homes Real Estate and based on county public records data.