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4721 N Capitol Avenue

Indianapolis, IN 46208

PendingListed Sep 21, 2026 · 4 days on market

Key facts

Beds
3
Baths
2 full
Living area
2,657 sqft
Lot
0.25 acres
Year built
1912
Type
Residential · Single Family Residence
Stories
Two
Garage
2 spaces
MLS #
22126644
County
Marion
Subdivision
Butler Tarkington
Total building area
3,969 sqft

About this home

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.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherGas OvenRefrigerator
Interior features
Attic AccessWood Work Stained
Kitchen
Kitchen Some Updates
Other rooms and areas
Bedroom Other on Main
Flooring
Hardwood
Basement
Unfinished
Laundry
In Basement
Windows
Wood Frames
Rooms
9
Main-level bedrooms
1
Condition
Fixer

Exterior

Patio and porch
CoveredDeck
Construction
Brick
Foundation
Block
Style
Craftsman
Parking and garage
Detached
Fencing
Partial

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public
Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Lot features
CurbsSidewalksStreet Lights

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$9,180 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,652per month, estimated
Principal and interest $1,764Property tax $765Insurance $123
20% · $70,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$350,000
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