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318 N Sherman Drive, Indianapolis, IN 46201

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For Sale

$250,000

0.07 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • 0.1 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

So many wonderful things about this income producing property! New electric throughout, all updated apartments in the last 2 years including new windows throughout most of the property (2 windows have not been replaced), new doors, paint and flooring as well as new kitchens, new furnaces in the last 4 years, new water heater in last 3 years. This continues to be a true income producing property, with two 1 bedroom apartments that rent at $950, and two efficiency apartments that rent at $900. This is a duplex that has been made into a four-plex of smaller units, please be aware that measurements are not deemed 100% accurate. Questions, please call! Agent is part owner of this property.
MLS# 22049238

Courtesy Of Keller Williams Indianapolis Metro North

(317) 846-6300

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Security System, Security System
  • Architecture Style
    Bungalow
  • Exterior Type
    Wood Siding
  • Heating System
    Forced Air
  • Lot Size
    0.07 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 318 N Sherman Drive, Indianapolis, IN 46201

Home seller CENTURY 21 Scheetz

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Scheetz

(317) 881-2100
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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