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Street View
$239,000
Monthly Est:$1,190
6 Beds
2 Baths
--sqft
601 N Sherman Dr, Indianapolis, IN 46201
$239,000
$1,190/moEst:
Get Pre-Approved
Duplex
Built in 1930
$-- HOA
5,619 sqft lot
--/sqft
Description
Back on Market due to no fault of the Seller. -- Rehabbed, income-producing duplex offers a great opportunity in a rapidly developing area of Indianapolis. This move-in ready property features two spacious 3 bed, 1 bath units with open concept floor plans and basements on each side, including washer/dryer connections for added tenant convenience. One unit is currently rented at $1,200/month, making this an ideal opportunity for investors looking for immediate income and a property that meets the highly sought-after "1% rule." Major capital improvements have already been completed, including new roof, gutters, and siding in 2021, new sewer line and plumbing in both units, updated HVAC systems with central AC replaced in 2020 and 2022, plus new interior paint and flooring throughout. Unit 603 was fully renovated in 2021. Located near an IndyGo bus stop and offering quick access to downtown Indianapolis and major highways, this duplex combines location, updates, and rental appeal into one strong investment opportunity.
- Houzeo last checked: 2 hours ago
- Listing updated: September 29, 2026 at 1:45 pm
- Listing Provided by: Drew Tomasik | @properties (317) 489-3441
- Source: Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN | MLS#: 22099336
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1930
HOA Fees
-
Finished Area
- sqft
Lot Size
5,619 sqft lot
Basement Area
- sqft
MLS Name
Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS
MLS Number
22099336
MLS Status
Active
Days on Market
140
Cumulative Days on Market
34
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 2
Interior
Heating
Forced Air
Cooling
Central Air
Construction
Year Built
Year Built: 1930
Home type
Duplex
Property Condition
Updated/remodeled
Architectural Style
Traditional
Construction Materials
Vinyl Siding
Utilities & Energy
Security Features
Smoke Detector(s)
Parking Features
Alley Access
Basement
Daylight, Unfinished
Laundry Features
Connections All
Other Features
Tenant Pays
Electricity, Gas
Lot Features
Access, Busline, Sidewalks
Subdivision Name
Lowes E Mich St
Price History
| Date | Event | Price |
|---|---|---|
07/24/2026 Source: | Listed for Sale | $239,000 +8.64% $0/sqft |
07/01/2026 Source: | Pending | $220,000 $0/sqft |
06/23/2026 Source: | Listed for Sale | $220,000 +1064.02% $0/sqft |
01/15/2023 Source: | Price Decreased | $18,900 -60.62% $0/sqft |
12/31/2019 Source: | Price Decreased | $48,000 -14.29% $0/sqft |
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Based on information from MIBOR REALTOR® Association through Oct 01, 2026, 09:30AM. The Broker Listing Cooperative® listing service's Listing information is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.. All Rights Reserved. © 2026 MIBOR REALTOR® Association.
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