Four-Unit Quadplex with LVP
For Sale
$189,900
Pending
939 N Sherman Drive, Indianapolis, IN 46201
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.12 Acres
Days on Market194
Property Features for 939 N Sherman Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Basement, Bedroom 2, Bathroom 2, Bathroom 1
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
Pending
APN
491004141082000101
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2024
Tax Description
Shannon Park L34
Tax Annual Amount
5192
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: Oct 24
Last Checked: Oct 30 at 11:06AM
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.
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Investment Insights
Based on property information with market context.
This four-unit residential income property was built in 1920 and is currently leased across all units. Newer LVP flooring extends throughout the building, while vinyl siding provides the exterior finish. Each side has its own utilities, supporting distinct utility arrangements within the property.
The property occupies 0.12 acres in Indianapolis and includes alley parking. Building systems include forced-air heating and wall-unit cooling. Interior areas identified in the property include basement space, bedrooms, and bathrooms.
The property occupies 0.12 acres in Indianapolis and includes alley parking. Building systems include forced-air heating and wall-unit cooling. Interior areas identified in the property include basement space, bedrooms, and bathrooms.
Key Highlights
- Four‑unit quadplex currently leased across all units
- Newer LVP flooring throughout
- Each side has its own utilities
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
542
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?
Quadplex - Currently leased quadplex with individual utility arrangements and alley parking.
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 currently leased across all units; Newer LVP flooring throughout; Each side has its own utilities
