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$339,900 -

3114 N Capitol Avenue Indianapolis IN 46208

4
Bedrooms
Baths
N/A
SQ. Feet
(Above Ground)
0.12
Acres

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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Property Details

Price: $339,900 Previously: $339,900 Originally: $339,900 Bedrooms: 4 Bathrooms: 3.50 MLS #: 22075964 Year Built: 1986 Township: Center Sq. Ft Total: 2,724 Type: Residential Zip Code: 46208 City: Indianapolis Subdivision: Topps Garden Place County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Appliances: Electric Cooktop, Dishwasher, Electric Water Heater, Microwave, Refrigerator
  • Cooling: Central Air
  • Heating: Natural Gas

Exterior Features

Exterior Features:
  • # Acres: 0.12

Listing Office: Full Canopy Real Estate, Llc

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on December 10th, 2025 at 12:55am EST.

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