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.
Active
$395,000
3850 N Capitol Ave, Indianapolis, IN 46208
6beds
4baths
--sqft
Est.:
Multi Family, Duplex
Built in 1925
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Private fenced-in backyardsGenerously sized bedroomsWasher and dryerTiled showersUpdated bathroomsRenovated kitchens
- 14 days
- on Zillow |
- 470 |
- 43 |
Zillow last checked: 7 hours ago
Listing updated: August 10, 2025 at 03:38pm
Listing Provided by:
Morgan Thompson 270-300-8509,
Berkley & State, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22055648

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Heat Pump
Cooling
- Central Air
Features
- Basement: Unfinished
Property
Features
- Levels: Two
- Stories: 2
- Fencing: Fenced,Privacy
Lot
- Size: 5,227.2 Square Feet
Details
- Parcel number: 490614124159000801
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1925
Community & HOA
Community
- Subdivision: Butler Tarkington
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $168,200
- Annual tax amount: $3,992
- Date on market: 8/8/2025
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