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Homes for sale in Indianapolis, IN | 1241 Shepard St, Indianapolis, IN 46221 | MLS# 22094861
Homes for sale in Indianapolis, IN | 1241 Shepard St, Indianapolis, IN 46221 | MLS# 22094861
Homes for sale in Indianapolis, IN | 1241 Shepard St, Indianapolis, IN 46221 | MLS# 22094861
Homes for sale in Indianapolis, IN | 1241 Shepard St, Indianapolis, IN 46221 | MLS# 22094861
Homes for sale in Indianapolis, IN | 1241 Shepard St, Indianapolis, IN 46221 | MLS# 22094861
9+
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$154,900

  • Beds Icon4 Beds
  • Beds Icon
    2 Baths
  • Beds Icon--sqft

1241 Shepard St, Indianapolis, IN 46221

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  • Duplex

  • Built in 1920

  • $-- HOA

  • 5,227 sqft lot

  • --/sqft

Description

Fully occupied duplex exceeding the 1% rule! This property offers 2 bedrooms and 1 bathroom per side. Both sides have spacious main levels with the bathroom, and both bedrooms are upstairs. Tenants are able to enjoy the convenience of a detached garage for storage or parking as well. Both sides are occupied with rent totaling $1635/month. Both tenants have been living in the property for multiple terms, so the rent is stable. Tenants pay all utilities as well as there is additional pet rent. This property has a great location and great cash flow, so don't miss out! Photos were taken prior to tenancy and condition may differ. Meant to show layout and finishes.

  • Houzeo last checked: 43 Minutes ago
  • Listing updated: May 27, 2026 at 11:50 am
  • Listing Provided by: Maxwell Richter | Wilmoth Group (317) 842-3400
  • Source: Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN | MLS#: 22094861 Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN

Property Details

  • Status

    Pending

  • Type

    Multi Family

  • No. of Stories

    -

  • County

    Marion County

  • City

    Indianapolis

  • Neighborhood

    West Indianapolis

  • Year Built

    1920

  • HOA Fees

    -

  • Finished Area

    - sqft

  • Lot Size

    5,227 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS

  • MLS Number

    22094861

  • MLS Status

    Pending

  • Days on Market

    47

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