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    137 S Sheridan Ave Indianapolis, IN 46219

    For Sale
    $143,000

    Bungalow, Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.15 Acres
    Days on Market:
    8
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 137 S Sheridan Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    APN
    491002110026000701
    Lot size
    0.15 Acres

    Building Details

    Year built
    1928
    Number of units
    2
    Building materials
    Vinyl Siding
    Architectural style
    Bungalow

    Matlock Town & Country Realty (317) 538-1494 [email protected]

    Listing agent Beau Matlock (317) 538-1494 License #RB14051607

    Listing date Nov 28, 2025

    MLS# 22048037 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Indianapolis Duplex with Recent Updates

    This duplex in Indianapolis, IN, presents a valuable investment opportunity. One unit has been updated within the last two months, featuring updated LVP flooring, paint, kitchen, and bath. A new total sewer line was replaced in 2022. One side is currently rented, generating an income of $700 per month. The other side is vacant, ready for showings and immediate rental. The property is located on a lot with a size of 0.15 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.059828
    Latitude
    39.768873

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    FAQs

    What type of property is this?
    Duplex - Cash flowing duplex with recent updates and rental income potential.
    Where is this duplex located?
    The property is located at 137 S Sheridan Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $143,000.
    What are key features of this property?
    This property features: - Vacant unit is newly updated with LVP flooring, paint, kitchen, and bath.; - Potential for immediate rental income from vacant unit.; - Property is a duplex, offering two rental income streams.
    (317) 538-1494
    Request Owner's contact information
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    Indianapolis, IN 46219
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    137 S Sheridan Ave Indianapolis, IN 46219
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