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    37 S Sherman Dr Indianapolis, IN 46201

    New
    For Sale
    $120,000

    Bungalow, Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.12 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 37 S Sherman Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Basement
    APN
    491004139043000101
    Basement Y/N
    1
    Lot size
    0.12 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1915
    Number of units
    2
    Building materials
    Vinyl Siding
    Architectural style
    Bungalow

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

    Listing agent Ryan Rominger (317) 288-5148 License #RB18002043

    Listing date Dec 3, 2025

    MLS# 22052215 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 duplex investment property is located on the east side of Indianapolis. Each unit features one bedroom and one bathroom. All utilities are separately metered, with tenants responsible for covering all utility costs. A two-car garage provides additional value. The property is situated minutes from Indianapolis amenities. The lot size is 0.12 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brickcity TML LLC Home Goods Store

    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
    -86.1019
    Latitude
    39.7681

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    FAQs

    What type of property is this?
    Duplex - East side duplex with separately metered utilities and garage.
    Where is this duplex located?
    The property is located at 37 S Sherman Dr Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - Duplex investment property for cash flow.; - All utilities separately metered; tenants pay all utilities.; - Each unit has 1 bedroom and 1 bathroom.
    (317) 288-5148
    Request Owner's contact information
    37 S Sherman Dr Indianapolis, IN 46201
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    Indianapolis, IN 46201
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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
    37 S Sherman Dr Indianapolis, IN 46201
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