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.
Sold
$220,000
318 N Sherman Dr, Indianapolis, IN 46201
4beds
4baths
--sqft
Multi Family, Quadruplex
Built in 1936
-- sqft lot
$222,100 Zestimate®
$--/sqft
$868 Estimated rent
Home value
$222,100
$204,000 - $240,000
$868/mo
Zestimate® history
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$868/mo
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$1,466/mo
Est. payment
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$1,466/mo
Est. payment
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List your homeWhat's special
Updated apartmentsNew kitchensNew furnacesNew windowsNew doorsNew water heater
Zillow last checked:
Listing updated:
Listed by:
Abigail Acosta 317-750-4267,
Keller Williams Indpls Metro N
Bought with:
Peter Stewart
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 22049238
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Main level bathrooms: 4
Heating
- Forced Air
Cooling
- Window Unit(s)
Appliances
- Laundry: No Laundry Facil.
Features
- Basement: Unfinished
Property
Parking
- Total spaces: 2
- Parking features: Alley Access
- Details: Unit Parking(2 Car Space)
Features
- Levels: One
- Stories: 1
- Exterior features: Lighting
Lot
- Size: 3,049 Square Feet
- Features: Busline, City Lot, Corner Lot, Not In Subdivision, Sidewalks, Street Lights
Details
- Parcel number: 491005133059000101
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Multi Family, Quadruplex
Materials
- Wood Siding
- Foundation: Block, Full
- Roof: Asphalt
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1936
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s)
- Subdivision: Hartmans Add Robison & Voorhees
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $71,600
- Annual tax amount: $1,434
- Date on market: 7/16/2025
- Cumulative days on market: 15 days
- Tenant pays: No Fees
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2025 | Sold | $220,000-12% |
Source:  MIBOR as distributed by MLS GRID #22049238 Report a problem | ||
| 7/31/2025 | Pending sale | $250,000 |
Source: MIBOR as distributed by MLS GRID #22049238 Report a problem | ||
| 7/16/2025 | Listed for sale | $250,000+900% |
Source: MIBOR as distributed by MLS GRID #22049238 Report a problem | ||
| 6/3/2016 | Sold | $25,000 |
Source: Public Record Report a problem | ||
| 2/5/2016 | Sold | $25,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,433 +11.1% | $71,600 +18.5% |
| 2024 | $1,290 -3.4% | $60,400 +11% |
| 2023 | $1,336 +38.6% | $54,400 -3.9% |
| 2022 | $964 +14.4% | $56,600 +35.4% |
| 2021 | $843 +6.3% | $41,800 +14.8% |
| 2020 | $793 -46.8% | $36,400 -44.5% |
| 2019 | $1,491 -8.9% | $65,600 +4.8% |
| 2018 | $1,636 +161.1% | $62,600 +2.3% |
| 2017 | $627 -45.3% | $61,200 +144.8% |
| 2016 | $1,145 +11.8% | $25,000 -47.3% |
| 2014 | $1,025 -11% | $47,400 -7.4% |
| 2013 | $1,151 | $51,200 +0.2% |
| 2012 | $1,151 | $51,100 +23.7% |
| 2011 | -- | $41,300 |
| 2010 | $864 -2.4% | $41,300 |
| 2009 | $884 | $41,300 +86.9% |
| 2007 | -- | $22,100 -55.8% |
| 2006 | -- | $50,000 |
| 2005 | -- | $50,000 |
| 2004 | -- | $50,000 |
| 2003 | -- | $50,000 +114.6% |
| 2002 | -- | $23,300 +199.9% |
| 2001 | -- | $7,770 |
| 2000 | -- | $7,770 |
Find assessor info on the county website
Neighborhood: Near Eastside
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Nearby schools
GreatSchools rating
- 3/10Ralph Waldo Emerson School 58Grades: PK-5Distance: 0.5 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 2.7 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$222,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$222,100
- Indiana
- Marion County
- Indianapolis
- 46201
- Near Eastside
- 318 N Sherman Dr
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