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3178 N Capitol Ave 5 Unit Apartment Building $475,000 ($95,000/Unit) 11.70% Cap Rate Indianapolis, IN 46208
Executive Summary
Turnkey investment opportunity with value-add potential. Property currently brings in $5,721/month with long-term tenants in place. Unit turns have been completed on all units, and the exterior features all new siding. Basement offers the ability to add 2 additional units or laundry/tenant storage to further increase income. Owner/agent. Contact for details.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $475,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $95,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 11.70% | Building Size | 2,200 SF |
| Gross Rent Multiplier | 6.92 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2025 |
| Property Subtype | Apartment | ||
| Zoning | ZO01 - D-8 | ||
| Price | $475,000 |
| Price Per Unit | $95,000 |
| Sale Type | Investment |
| Cap Rate | 11.70% |
| Gross Rent Multiplier | 6.92 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1925/2025 |
| Zoning | ZO01 - D-8 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,207 | 1,100 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 49-06-23-143-100.000-101 | Total Assessment | $195,600 |
| Land Assessment | $51,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $144,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
49-06-23-143-100.000-101
Land Assessment
$51,200
Improvements Assessment
$144,400
Total Assessment
$195,600
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
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Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
3178 N Capitol Ave