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 $1655/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.
Sold
$150,000
1241 Shepard St, Indianapolis, IN 46221
4beds
2baths
--sqft
Multi Family, Duplex
Built in 1920
-- sqft lot
$148,300 Zestimate®
$--/sqft
$1,077 Estimated rent
Home value
$148,300
$141,000 - $156,000
$1,077/mo
Zestimate® history
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$969/mo
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Spacious main levels
Zillow last checked:
Listing updated:
Listing Provided by:
Maxwell Richter 317-842-3400,
Wilmoth Group
Bought with:
George Roper
BHB Real Estate Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22094861
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Main level bathrooms: 4
Heating
- Baseboard
Appliances
- Laundry: Connections All
Features
- Has basement: Yes
Property
Parking
- Total spaces: 3
- Parking features: Detached
- Garage spaces: 3
- Details: Unit Parking(2 Car Garage, On Street)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,227 sqft
- Features: Access, Sidewalks
Details
- Parcel number: 491115133024000101
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Materials
- Brick, Wood Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1920
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Indianapolis
- Subdivision: Tweeds Oxford Park
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Sold | $150,000-3.2% |
Source:  MIBOR as distributed by MLS GRID #22094861 Report a problem | ||
| 6/10/2026 | Pending sale | $154,900 |
Source: MIBOR as distributed by MLS GRID #22094861 Report a problem | ||
| 6/3/2026 | Listed for sale | $154,900 |
Source: MIBOR as distributed by MLS GRID #22094861 Report a problem | ||
| 5/27/2026 | Pending sale | $154,900 |
Source: MIBOR as distributed by MLS GRID #22094861 Report a problem | ||
| 5/18/2026 | Price change | $154,900-3.1% |
Source: MIBOR as distributed by MLS GRID #22094861 Report a problem | ||
| 5/11/2026 | Listed for sale | $159,900 |
Source: MIBOR as distributed by MLS GRID #22094861 Report a problem | ||
| 4/24/2026 | Pending sale | $159,900 |
Source: MIBOR as distributed by MLS GRID #22094861 Report a problem | ||
| 4/11/2026 | Listed for sale | $159,900+73.8% |
Source: MIBOR as distributed by MLS GRID #22094861 Report a problem | ||
| 3/22/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/28/2023 | Listed for rent | $775+47.6% |
Source: Zillow Rentals Report a problem | ||
| 12/15/2021 | Sold | $92,000+67.3% |
Source: Public Record Report a problem | ||
| 1/8/2020 | Listing removed | $525 |
Source: WILMOTH Group Report a problem | ||
| 12/17/2019 | Price change | $525-7.9% |
Source: WILMOTH Group Report a problem | ||
| 11/11/2019 | Price change | $570-4.2% |
Source: WILMOTH Group Report a problem | ||
| 10/30/2019 | Price change | $595-7.8% |
Source: WILMOTH Group Report a problem | ||
| 9/16/2019 | Listed for rent | $645+17.3% |
Source: WILMOTH Group Report a problem | ||
| 6/28/2018 | Listing removed | $550 |
Source: Wilmoth Group #21545022 Report a problem | ||
| 6/19/2018 | Price change | $550-4.3% |
Source: WILMOTH Group Report a problem | ||
| 6/4/2018 | Price change | $575-4% |
Source: WILMOTH Group Report a problem | ||
| 4/30/2018 | Price change | $599-4.2% |
Source: WILMOTH Group Report a problem | ||
| 4/16/2018 | Price change | $625-3.8% |
Source: WILMOTH Group Report a problem | ||
| 4/4/2018 | Price change | $650-6.5% |
Source: WILMOTH Group Report a problem | ||
| 2/7/2018 | Listed for rent | $695 |
Source: Zillow Rental Network Report a problem | ||
| 8/3/2016 | Sold | $55,000-3.3% |
Source: Public Record Report a problem | ||
| 8/23/2005 | Sold | $56,900 |
Source: MIBOR as distributed by MLS GRID #2523953 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,027 +17.2% | $94,900 +11.1% |
| 2024 | $1,729 -2.5% | $85,400 +17.1% |
| 2023 | $1,773 +43.1% | $72,900 -2.9% |
| 2022 | $1,239 +28.3% | $75,100 +39.9% |
| 2021 | $966 +3% | $53,700 +28.8% |
| 2020 | $937 +2.5% | $41,700 +5% |
| 2019 | $915 -74.6% | $39,700 +3.4% |
| 2018 | $3,602 +359.1% | $38,400 +13.6% |
| 2017 | $785 +10.3% | $33,800 +3.7% |
| 2016 | $711 +5.8% | $32,600 +4.8% |
| 2014 | $672 -19% | $31,100 -18.2% |
| 2013 | $830 | $38,000 +2.7% |
| 2012 | $830 | $37,000 +16% |
| 2011 | -- | $31,900 -1.5% |
| 2010 | $679 -6.3% | $32,400 |
| 2009 | $724 | $32,400 -21.7% |
| 2007 | -- | $41,400 -31.1% |
| 2006 | -- | $60,100 +705.6% |
| 2000 | -- | $7,460 |
Find assessor info on the county website
Neighborhood: West Indianapolis
Nearby schools
GreatSchools rating
- 3/10Daniel Webster School 46Grades: PK-5Distance: 0.3 mi
- 4/10William Penn School 49Grades: 6-8Distance: 0.3 mi
- 1/10George Washington Community High School (9-12)Grades: 9-12Distance: 1.1 mi
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Estimated market value
$148,300
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Estimated market value
$148,300
- Indiana
- Marion County
- Indianapolis
- 46221
- West Indianapolis
- 1241 Shepard St
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