$154,900

1241 Shepard Street, Indianapolis, IN 46221

Duplex
Built in 1920
5,227sqft lot
3 car garage
$——/sqft
Listed 1 month ago

Property Description

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 $1635/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.

Listing Status:: Active
Data Last Updated:: May 20, 2026 at 3:20AM
Listing Office:: Wilmoth Group : 317-842-3400
Listing Agent:: Maxwell Richter : 317-842-3400
MLS ID:: 22094861

Laundry: Connections All
Heating: Baseboard

Style: Traditional
Parking: Detached

General: TwoBlock

Originating MLS: mibor
School District: Indianapolis Public Schools
County: Marion

Zoning: Tweeds Oxford Park L21491115133024000101
Current Use: Residential

Source: mibor

This listing courtesy of Maxwell Richter , Wilmoth Group

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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