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  • $165,000

    401 W 3rd St, Sheridan, IN 46069

    3beds
    1,716sqft
    Residential, Single Family Residence
    Built in 1940
    0.5 Acres Lot
    $168,300 Zestimate®
    $96/sqft
    $1,762 Estimated rent

    Home value

    $168,300

    $160,000 - $177,000

    $1,762/mo

    Zestimate® history
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    What's special

    Generous living spacesLarge private backyardBeautiful original hardwood floors
    Unique Real Estate Opportunity with Two Single-Family Dwellings on One Parcel! Welcome to a rare and versatile property offering two detached single-family homes on one parcel of land, presenting endless possibilities for homeowners and investors alike. The primary residence is a spacious 3-bedroom, 2-bath home filled with character and charm. Inside, you'll find beautiful original hardwood floors, generous living spaces, and the convenience of one bedroom located on the main level. Step outside to a large, private backyard, perfect for hosting gatherings, relaxing outdoors, or simply enjoying the surrounding natural beauty. Just steps away, the second detached dwelling offers incredible flexibility. This 1-bedroom, 1-bath home features an upper loft that can easily be used as an additional bedroom, home office, library, or entertainment space. Ideal as a guest house, in-law suite, or private retreat, it remains close enough for convenience while still offering independence. For investors, this property shines. With separate entrances and detached layouts, both homes can be utilized as income-producing units. Whether you're looking to rent both dwellings, explore short-term rental opportunities, or live in one while renting or Airbnb-ing the other, this setup offers an excellent path to owner-occupied investing. The possibilities are truly endless-a unique property that combines flexibility, charm, and income potential all in one. Schedule your showing today as this property won't last long!

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    James Gilday 317-797-5062,

    eXp Realty, LLC

    Bought with:

    Sarah Callahan

    CENTURY 21 Scheetz

    Source: MIBOR as distributed by MLS GRID,MLS#: 22082217MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Primary bedroom
    • Level: Upper
    • Area: 132 Square Feet
    • Dimensions: 11x12
    Bedroom 2
    • Level: Main
    • Area: 80 Square Feet
    • Dimensions: 8x10
    Bedroom 3
    • Level: Upper
    • Area: 121 Square Feet
    • Dimensions: 11x11
    Kitchen
    • Features: Tile-Ceramic
    • Level: Main
    • Area: 100 Square Feet
    • Dimensions: 10x10
    Living room
    • Features: Other
    • Level: Main
    • Area: 150 Square Feet
    • Dimensions: 10x15
    Heating
    • Forced Air, Natural Gas, Baseboard
    Cooling
    • Other
    Appliances
    • Included: Refrigerator, Microwave, Washer, Dryer, Range Hood
    Features
    • Walk-In Closet(s)
    • Has basement: No
    Interior area
    • Total structure area: 1,716
    • Total interior livable area: 1,716 sqft

    Property

    Parking
    • Parking features: Other
    Features
    • Levels: One and One Half,One
    • Stories: 1
    • Patio & porch: Breeze Way
    • Exterior features: Other
    • Has view: Yes
    Lot
    • Size: 0.50 Acres
    • Features: Sidewalks, Mature Trees, Trees-Small (Under 20 Ft)
    Details
    • Parcel number: 290131402014000002
    • Special conditions: As Is
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: A-Frame,Traditional
    • Property subtype: Residential, Single Family Residence
    Materials
    • Wood Siding, Other
    • Foundation: Crawl Space, Other
    Condition
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Water: Public
    • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Location
    • Region: Sheridan
    • Subdivision: No Subdivision

    Price history

    DateEventPrice
    2/20/2026Sold$165,000-17.5%$96/sqft
    Source: MIBOR as distributed by MLS GRID #22082217 Report a problem
    2/8/2026Pending sale$199,900$116/sqft
    Source: MIBOR as distributed by MLS GRID #22082217 Report a problem
    2/6/2026Price change$199,900-11.2%$116/sqft
    Source: MIBOR as distributed by MLS GRID #22082217 Report a problem
    1/31/2026Price change$225,000-25%$131/sqft
    Source: MIBOR as distributed by MLS GRID #22082217 Report a problem
    1/10/2026Listed for sale$299,900$175/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,712 +55.9%$82,000 +7.8%
    2024$1,098 +4.7%$76,100 +1.9%
    2023$1,049 +3%$74,700 +6%
    2022$1,019 +4.6%$70,500 +4%
    2021$974 +11%$67,800 +4%
    2020$877 +10.5%$65,200 +12.2%
    2019$794 +7.3%$58,100 +4.7%
    2018$740 +3%$55,500 +6.3%
    2017$719 +11%$52,200
    2016$647 -0.6%$52,200 +7.9%
    2014$651 -19.3%$48,400 -4.9%
    2013$807 +7.6%$50,900 -52.8%
    2012$750 -33.4%$107,800 -1.4%
    2010$1,125 +0.7%$109,300
    2009$1,118 +153.1%$109,300 +312.5%
    2002$442 -2.5%$26,500 +200.1%
    2001$453 $8,830

    Find assessor info on the county website

    Neighborhood: 46069

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Sheridan Elementary School
    • Middle: Sheridan Middle School
    • High: Sheridan High School

    Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $168,300
    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
    $168,300