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1241 Shepard Street, Indianapolis, IN 46221

Indianapolis
Local realty services provided by:CENTURY 21 Scheetz
1241 Shepard Street,Indianapolis, IN 46221
$159,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: maxwell richter
Office: wilmoth group
MLS#:22094861
Source:IN_MIBOR

Price summary

  • Price:$159,900

About this home

Fully occupied duplex exceeding the 1% rule! This property offers 2 bedrooms and 1 bathroom per side. Both sides have spacious main levels with the bathroom, and both bedrooms are upstairs. Tenants are able to enjoy the convenience of a detached garage for storage or parking as well. Both sides are occupied with rent totaling $1635/month. Both tenants have been living in the property for multiple terms, so the rent is stable. Tenants pay all utilities as well as there is additional pet rent. This property has a great location and great cash flow, so don't miss out! Photos were taken prior to tenancy and condition may differ. Meant to show layout and finishes.

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Home facts

  • Year built:1920
  • Listing ID #:22094861
  • Added:11 day(s) ago
  • Updated:April 23, 2026 at 03:11 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1920
  • Lot area:0.12 Acres
  • Lot Features:Sidewalks
  • Construction Materials:Brick, Wood Siding
  • Foundation Description:Block

Finances and disclosures

  • Price:$159,900

Parking

  • Garage:Yes
  • Garage spaces:3
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