Quadplex Investment
939 N Sherman Drive Indianapolis, IN 46201
For Sale
$189,900
MULTI_FAMILY - Other - Indianapolis, IN
Lot Size0.12 Acres
Days on Market101
Property Features for 939 N Sherman Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Alley
Basement
Unfinished
Standard status
Active
APN
491004141082000101
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Shannon Park L34
Utilities
Heating system
Forced Air
Cooling system
Wall Unit(s)
Building Details
Year built
1920
Floors in Building
2
Number of units
4
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
United Real Estate Indpls
(317) 216-8800
Listed By:
Kristin Tomyn · License #RB14048731
(317) 255-7285
Added: Apr 20
Changed: Jul 7
Last Checked: Jul 29 at 2:06PM
MLS# 22095620
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This quadplex includes four leased units configured with separate utilities for each side. Interior finishes feature LVP flooring throughout, and the property’s furnaces were updated in 2021. Laundry facilities are present in the basement for unit 941, where the washer and dryer are tenant-owned.
The property is located at 939 N Sherman Drive in Indianapolis, Indiana. The units are on month-to-month leases, and the current tenants have been in place for more than a year.
The building is being sold AS IS and is priced accordingly. It may fit buyers seeking a small multifamily asset with independently managed utility arrangements and relatively recent mechanical updates, while operating with existing tenancy in place. Please review the attachments for the T12 and rent roll for additional unit-level information.
The property is located at 939 N Sherman Drive in Indianapolis, Indiana. The units are on month-to-month leases, and the current tenants have been in place for more than a year.
The building is being sold AS IS and is priced accordingly. It may fit buyers seeking a small multifamily asset with independently managed utility arrangements and relatively recent mechanical updates, while operating with existing tenancy in place. Please review the attachments for the T12 and rent roll for additional unit-level information.
Key Highlights
- Quad plex with current leases totaling $950/month per unit
- Month‑to‑month leases; each tenant has been in place for over a year
- Newer furnaces installed in 2021
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four individually metered units offer income potential with newer furnaces and updated LVP flooring.
Where is this quadplex located?
The property is located at 939 N Sherman Drive Indianapolis, IN.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Quad plex with current leases totaling $950/month per unit; Month‑to‑month leases; each tenant has been in place for over a year; Newer furnaces installed in 2021
