Duplex with
For Sale
$239,000
601 N Sherman Drive, Indianapolis, IN 46201
Both residences feature open layouts and washer/dryer connections.
Property SizeContact for details
Days on Market164
Property Features for 601 N Sherman Drive
General Information
Standard status
Active
Property subtype
Residential Income
Site & Location
Neighborhood
Near Eastside
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1930
Buildings
1
Stories
2
Units
2
Listing Agency:
@properties
(317) 489-3441
Listed By:
Drew Tomasik
(317) 201-2073
Source:
Battsrealestategroup
Added: May 14
Changed: Oct 22
Last Checked: Oct 22 at 2:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties
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Investment Insights
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Built in 1930, this two-unit property has a three-bedroom, one-bathroom layout in each residence. Each side includes a basement, an open floor plan, and washer/dryer hookups. One residence was fully renovated in 2021, with interior paint and flooring updated throughout the property. The building also received a new roof, gutters, and siding in 2021, along with replacement sewer and plumbing lines in both units. HVAC systems have been updated, and central air conditioning was replaced in 2020 and 2022.
The duplex is in Indianapolis near an IndyGo bus stop, with access to downtown and major highways. One unit is currently occupied under a rental arrangement.
The duplex is in Indianapolis near an IndyGo bus stop, with access to downtown and major highways. One unit is currently occupied under a rental arrangement.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- Basements in both units, with washer/dryer connections
- New roof, gutters, and siding in 2021
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature open layouts and washer/dryer connections.
Where is this duplex located?
The property is located at 601 N Sherman Drive Indianapolis, IN.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; Basements in both units, with washer/dryer connections; New roof, gutters, and siding in 2021
