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$220,000
6
beds
2
baths

601 N Sherman Drive
Indianapolis, Indiana 46201

Active / MLS #22099336 / Multiple Unit (2-4) / Near Eastside - Indianapolis
Listing information updated 6/23/2026 at 4:06pm
Back on Market due to no fault of the Seller. -- Rehabbed, income-producing duplex offers a great opportunity in a rapidly developing area of Indianapolis. This move-in ready property features two spacious 3 bed, 1 bath units with open concept floor plans and basements on each side, including washer/dryer connections for added tenant convenience. One unit is currently rented at $1,200/month, making this an ideal opportunity for investors looking for immediate income and a property that meets the highly sought-after "1% rule." Major capital improvements have already been completed, including new roof, gutters, and siding in 2021, new sewer line and plumbing in both units, updated HVAC systems with central AC replaced in 2020 and 2022, plus new interior paint and flooring throughout. Unit 603 was fully renovated in 2021. Located near an IndyGo bus stop and offering quick access to downtown Indianapolis and major highways, this duplex combines location, updates, and rental appeal into one strong investment opportunity.
Architecture Style:
Traditional
Exterior Type:
Vinyl Siding
Basement:
Daylight,Unfinished
Beds Above Grade:
6
Cooling System:
Central Air
Heating System:
Forced Air
Pool:
No
Age:
96 Years
Parking Spaces:
4
Garage:
Garage - 4 Car(s)
Square Feet:
N/A
Lot Size:
0.13 Acres
Acreage:
0.13
Tax Amount:
N/A
Tax Year:
2024
Zip Code:
46201
City:
Indianapolis
County:
Marion
School District(s):
Indianapolis Public Schools
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: @properties

Listing Office Phone: 317.201.2073

Disclaimer: The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 6/23/2026 at 4:06pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

$191,669
Average Sale Price
73
Average Days On The Market
91%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 601 N Sherman Drive, Indianapolis, IN 46201

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601 N Sherman Drive, Indianapolis, IN 46201 is a multiple unit (2-4) currently listed at $220,000. 601 N Sherman Drive features 6 Beds, 2 Baths. This multiple unit (2-4) has been listed on @properties IND since May 14th, 2026 and was built in 1930.

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At World Properties, LLC and its subsidiaries do not discriminate against the use of Housing Choice Vouchers. Se Aceptan Vales de Elección de Vivienda.
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