Opportunity is knocking at 3030 N Capitol Ave! This spacious 8-bedroom single-family home offers an incredible amount of space, flexibility, and income potential in a location that puts you just minutes from Newfields and Butler University. Recently rented for $3,500/month, this property has already demonstrated strong rental potential-and with eight bedrooms, the possibilities become even more interesting. The generous room sizes allow for multiple beds in many of the bedrooms, making this property especially well-suited for an investor exploring a room-by-room rental strategy, co-living opportunity, or other creative income-producing use. Inside, the home feels even larger than you might expect thanks to extra-tall ceilings and an abundance of space throughout. Whether you're looking for a property to add to your portfolio, a house with room for a large household, or a home with the flexibility to create additional income, there is plenty here to work with. Outside, you'll find a private backyard, a fenced-in front yard, and one of the home's standout features-a partial wrap-around covered front porch that adds tons of character and creates the perfect spot to sit, relax, and enjoy the neighborhood. And then there's the location. Minutes from Newfields, Butler University, restaurants, shopping, parks, and all that the vibrant west side of Indianapolis has to offer, this is a location that continues to attract students, professionals, families, and investors alike. Eight bedrooms. A proven $3,500/month rental history. Flexible living space. A fantastic location. The opportunity here is real-you just have to decide what you want to do with it.
Based on the average sale price from the Columbus, IN office
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
3030 N Capitol Avenue Indianapolis, IN is a Single Family Home for sale at $420000 with 4705 sqft and a lot size of 0.12 Acres Acre(s). 3030 N Capitol Avenue Indianapolis has 8 bedrooms, 4 baths and was built in 1905. The property's zip code is 46208 which is in Indianapolis, IN
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.