4721 N Capitol Avenue

Indianapolis, IN
$ 350,000 Beds 3 Baths 2 Sq 3,969
Monthly Estimate* How much can I afford?

Incredible curb appeal, a large lot and a fantastic Butler-Tarkington location make this an exciting opportunity for a builder, remodeler or investor looking for their next project. This distinctive American Craftsman Bungalow has the architectural character that is increasingly difficult to recreate, including a welcoming front porch with substantial battered brick piers, deep roof overhangs, classic brick and wood siding, and multi-pane windows. The home is ready for someone with vision to bring it back to life and create a beautiful, updated residence while preserving the character that makes it special. The generous lot adds to the appeal and provides plenty of room to reimagine the property for today's buyer. Butler-Tarkington is a high-demand location for buyers who value historic character, established neighborhoods and convenient access to some of Indianapolis' most popular amenities. Located just minutes from Butler University, the shops and restaurants around 56th Street and Illinois, the Central Canal Towpath, Holcomb Gardens, Broad Ripple and downtown Indianapolis, this established neighborhood offers an ideal combination of historic charm and convenient access to everything the city has to offer. For the right buyer, this is a chance to take a property with great bones, exceptional curb appeal and a desirable location and turn it into something truly special. Property is being sold AS-IS. Buyer to independently verify all information, dimensions, zoning, permitted uses, renovation requirements and feasibility. Seller prefers buyer to pay for their own buyer's agency representation.

Active

  • Price
  • $ 350,000
  • City
  • Indianapolis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • MARION
  • Half Bathrooms
  • 0
  • Area
  • Washington
  • Lot Size
  • 0.25 Acres
  • Zip
  • 46208
  • Sqr Footage
  • 3,969
  • Year Built
  • 1912
  • Taxes
  • $ 9180
  • Style
  • Craftsman
  • MLS#
  • 22126644
Listed By: Kyle Peckinpaugh with F.C. Tucker Company;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Forced Air,Natural Gas
Cooling Central Air
Utilities Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Possession Negotiable
Appliances Dishwasher,Gas Oven,Refrigerator
Garage Spaces 2
Patio/Porch Features Covered,Deck
Architectural Style Craftsman
Construction Materials Brick
Year Built 1912
Electric 100 Amp Service
Township Washington
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction No
Property Type Residential
HOA No
Subdivision Name Butler Tarkington
Facing Direction West
Garage Y/N Yes
Total Rooms 9
Full Baths 2
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4903 - Marion - Washington
Lot Size Square Feet 11021
Property Attached Y/N No
Current Financing Cash Only
Property Condition Fixer
Additional Parcels Y/N No
Standard Status Active
Tax Lot 39
Legal Description Arthur V Brown's West Meridian Heights Add L39& 5Ft E & Adj

Interior Features

Interior Amenities Attic Access,Wood Work Stained
Basement Unfinished
Basement (Y/N) Yes
Laundry Features In Basement
Total Bedrooms 3
Main Level Bedrooms 1
LivingAreaSource Assessor
Total Baths 2

Exterior Features

Fencing Partial
Parking Features Detached
Lot Features Curbs,Sidewalks,Street Lights
Water Source Public
Foundation Details Block
Spa No
Building Area Total 3969
Lot Size Acres 0.25
Waterfront Y/N No
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Columbus, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

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.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/21/2026 Listed $350,000

Property vs Zip Code Average in 46208

Price
AVG $240K
$350K
Taxes
AVG $3,085
$9,180
Year Built
AVG 1937
1912

4721 N Capitol Avenue Indianapolis, IN is a Single Family Home for sale at $350000 with 3969 sqft and a lot size of 0.25 Acres Acre(s). 4721 N Capitol Avenue Indianapolis has 3 bedrooms, 2 baths and was built in 1912. 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.