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    2868 N Sherman Dr Indianapolis, IN 46218

    For Sale
    $275,000

    Traditional, Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.32 Acres
    Days on Market:
    17
    Last Refresh:
    Dec 6 at 5:06 pm

    Property Features for 2868 N Sherman Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Basement
    APN
    490729156362000101
    Basement Y/N
    1
    Lot size
    0.32 Acres

    Building Details

    Year built
    1920
    Number of units
    2
    Architectural style
    New Traditional

    Mark Dietel Realty, LLC (317) 441-7887 [email protected]

    Listing agent Catherine Rubenstein (317) 886-8440 License #RB21001067

    Listing date Nov 20, 2025

    MLS# 22072440 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: Investment Opportunity

    This fully rented duplex presents an excellent investment opportunity in Indianapolis. The property features two spacious units, each offering 3 bedrooms and 2 bathrooms, with approximately 1,848 sq. ft. of living space. Each unit includes large kitchens, generous living areas, and comfortable bedrooms, suitable for tenants or multi-generational living. Situated on a 0.32-acre lot, equivalent to 14,060 sq. ft., the property also includes a basement for additional storage or utility space. The Brightwood duplex is conveniently located near major highways, downtown Indianapolis, and local amenities, combining accessibility with rental income potential. This property is a solid addition to any investor's lineup, whether for expanding a portfolio or pursuing a house hack opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -86.102764
    Latitude
    39.808639

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    FAQs

    What type of property is this?
    Duplex - Fully rented duplex in Indianapolis with two spacious units.
    Where is this duplex located?
    The property is located at 2868 N Sherman Dr Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Fully rented duplex providing immediate rental income.; - Two spacious 3-bedroom, 2-bath units, each approximately 1,848 sq. ft.; - Large 0.32-acre lot (14,060 sq. ft.)
    (317) 886-8440
    Request Owner's contact information
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    Indianapolis, IN 46218
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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
    2868 N Sherman Dr Indianapolis, IN 46218
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