Quadplex With Separate
For Sale
$189,900
939 N Sherman Drive, Indianapolis, IN 46201
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.12 Acres
Days on Market149
Property Features for 939 N Sherman Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
Alley
Basement
Unfinished
Subdivision
Shannon Park
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Standard status
Active
APN
491004141082000101
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Shannon Park L34
Legal 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: Aug 28
Last Checked: Sep 15 at 6:06AM
MLS# 22095620
Copyright © 2026 Broker Listing Cooperative®. 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 four-unit residential income property at 939 N Sherman Drive includes LVP flooring throughout, forced-air heating, wall-unit cooling, vinyl siding, and basement space. Each unit has separate utility service, while one unit includes a tenant-owned washer and dryer. The furnaces were updated in 2021. The property is being offered in as-is condition.
Built in 1920 on 0.12 acres, the quadplex has alley parking and all units are currently leased on month-to-month agreements. Existing occupants have remained in place for more than a year, providing an established rental configuration for review.
Built in 1920 on 0.12 acres, the quadplex has alley parking and all units are currently leased on month-to-month agreements. Existing occupants have remained in place for more than a year, providing an established rental configuration for review.
Key Highlights
- Four‑unit quadplex with all units currently leased
- Separate utility service for each unit
- Furnaces updated in 2021
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Explore this area
Business Placement
Demographics for 46201, IN
31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four leased units feature 2021 furnaces, LVP flooring, and month-to-month occupancy.
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: Four‑unit quadplex with all units currently leased; Separate utility service for each unit; Furnaces updated in 2021
