IMMEDIATE CASH FLOW. Quad plex currently leased out at $950/month each unit. Month to month leases but all have been there over a year. Furnaces newer 2021. LVP flooring throughout. Each side has its own utilities. 941 has washer and dryer in basement (those are tenant owned). Property being sold AS IS and is priced accordingly. See attachments for T12 and Rent Roll.
Active
Price cut: $9.1K (7/7)
$189,900
939 N Sherman Dr, Indianapolis, IN 46201
2beds
2baths
--sqft
:
Get pre-qualified$1,303/mo
Multi Family, Quadruplex
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Lvp flooring throughout
- 95 days |
- 226 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Kristin Tomyn 317-430-5558,
United Real Estate Indpls
Source: MIBOR as distributed by MLS GRID,MLS#: 22095620
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Main level bathrooms: 4
Heating
- Forced Air
Cooling
- Wall Unit(s)
Appliances
- Laundry: Connections Some, No Laundry Facil.
Features
- Basement: Unfinished
Property
Parking
- Parking features: Alley Access
- Details: Unit Parking(Other)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 491004141082000101
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Quadruplex
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1920
Community & HOA
Community
- Subdivision: Shannon Park
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $220,900
- Annual tax amount: $5,192
- Date on market: 4/22/2026
- Cumulative days on market: 95 days
- Tenant pays: Rent Only
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Price change | $189,900-4.6% |
Source:  MIBOR as distributed by MLS GRID #22095620 Report a problem | ||
| 6/23/2026 | Listed for sale | $199,000 |
Source: MIBOR as distributed by MLS GRID #22095620 Report a problem | ||
| 6/20/2026 | Pending sale | $199,000 |
Source: MIBOR as distributed by MLS GRID #22095620 Report a problem | ||
| 4/22/2026 | Listed for sale | $199,000+32.7% |
Source: MIBOR as distributed by MLS GRID #22095620 Report a problem | ||
| 6/1/2023 | Sold | $150,000-16% |
Source: MIBOR as distributed by MLS GRID #21889887 Report a problem | ||
| 4/26/2023 | Pending sale | $178,500 |
Source: MIBOR as distributed by MLS GRID #21889887 Report a problem | ||
| 4/14/2023 | Listed for sale | $178,500 |
Source: MIBOR as distributed by MLS GRID #21889887 Report a problem | ||
| 4/1/2023 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21889887 Report a problem | ||
| 3/29/2023 | Listed for sale | $178,500 |
Source: MIBOR as distributed by MLS GRID #21889887 Report a problem | ||
| 3/21/2023 | Pending sale | $178,500 |
Source: MIBOR as distributed by MLS GRID #21889887 Report a problem | ||
| 1/6/2023 | Price change | $178,500-0.8% |
Source: MIBOR as distributed by MLS GRID #21889887 Report a problem | ||
| 11/8/2022 | Price change | $180,000-2.7% |
Source: MIBOR as distributed by MLS GRID #21889887 Report a problem | ||
| 10/22/2022 | Listed for sale | $185,000 |
Source: MIBOR as distributed by MLS GRID #21889887 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,857 +214.6% | $220,900 -10.5% |
| 2024 | $1,862 +33.1% | $246,800 +215.6% |
| 2023 | $1,399 +17.6% | $78,200 +32.5% |
| 2022 | $1,189 -0.4% | $59,000 +15.2% |
| 2021 | $1,193 +6.6% | $51,200 |
| 2020 | $1,119 -0.9% | $51,200 +8% |
| 2019 | $1,129 +9.9% | $47,400 |
| 2018 | $1,028 +2.7% | $47,400 +4.4% |
| 2017 | $1,000 +7.4% | $45,400 +7.3% |
| 2016 | $932 +3.3% | $42,300 +1.4% |
| 2014 | $902 -40.9% | $41,700 -0.2% |
| 2013 | $1,526 | $41,800 -38.3% |
| 2012 | $1,526 | $67,800 +17.5% |
| 2011 | -- | $57,700 |
| 2010 | $1,205 -2.4% | $57,700 |
| 2009 | $1,234 | $57,700 +12.3% |
| 2007 | -- | $51,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Near Eastside
Nearby schools
GreatSchools rating
- 3/10Ralph Waldo Emerson School 58Grades: PK-5Distance: 0.7 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 2.8 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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