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    205 N Sheffield Ave Indianapolis, IN 46222

    Pending
    For Sale
    $284,900

    Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.15 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for 205 N Sheffield Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Rooms
    Basement
    APN
    491104157027000901
    Exterior features
    Fencing
    Fencing
    Fenced
    Basement Y/N
    1
    Lot size
    0.15 Acres

    Building Details

    Year built
    1895
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Other

    Trueblood Real Estate (317) 679-6330 [email protected]

    Listing agent Patricia McCormick (317) 288-5148 License #RB20001746

    Listing date Nov 18, 2025

    MLS# 22065383 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

    Updated Duplex in Indianapolis

    This updated duplex offers a fantastic investment opportunity or the chance for owner-occupancy. The property features two spacious units, each with 2 bedrooms and 1 bath, thoughtfully refreshed for modern living. Recent updates include a new AC unit, new LVP flooring throughout the main level, and new carpet in all bedrooms, along with updated lighting and new kitchen appliances. Both units are equipped with laundry hook-ups and access to a two-car detached garage for ample parking. The property is situated on a lot of 0.15 acres. Tenants benefit from separately metered utilities, paying all their own, which keeps operating costs low for the owner. Located in a desirable area with strong rental demand, this duplex is turn-key and ready to offset a mortgage or generate income from day one. The property is located in Indianapolis, IN.
    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 Building Supply Clothing Store 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
    -86.198109
    Latitude
    39.769227

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    FAQs

    What type of property is this?
    Duplex - Updated duplex with two units, great for investors or owners.
    Where is this duplex located?
    The property is located at 205 N Sheffield Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $284,900.
    What are key features of this property?
    This property features: - Updated duplex featuring two spacious 2-bedroom, 1-bath units.; - Enjoy the benefit of a **new AC unit, LVP flooring, carpet, lighting, and kitchen appliances.**; - Separate utility meters for each unit, paid by tenants.
    (317) 288-5148
    Request Owner's contact information
    205 N Sheffield Ave Indianapolis, IN 46222
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    Indianapolis, IN 46222
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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
    205 N Sheffield Ave Indianapolis, IN 46222
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