$199,900

401 W 3rd Street, Sheridan, IN 46069

  • 3 beds |
  • 2 baths |
  • 1,716 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon0.5acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $116/sqft
  • Property List Date Icon Listed 16 days ago

Property Description

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!

Listing Status:
Pending
Data Last Updated:
February 16, 2026 at 8:18PM
Listing Office:
eXp Realty, LLC : 317-797-5062
Listing Agent:
James Gilday : 317-797-5062
MLS ID:
22082217
  • General: Walk-In Closet(s)Vaulted Ceiling(s)
  • Appliances: RefrigeratorMicrowaveWasherDryerRange Hood
  • A/C: Other
  • Heating: Forced AirNatural GasBaseboard
  • General: Other
  • Style: A-FrameTraditional
  • Other Structures: Breeze Way
  • Parking: Other
  • General: One and One HalfOneCrawl SpaceOther
  • Originating MLS: mibor
  • School District: Sheridan Community Schools
  • County: Hamilton
  • Zoning: Acreage .50Section 31Township 20Range 3290131402014000002
  • View: View
  • Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Water: Public
  • Source: mibor

This listing courtesy of James Gilday , eXp Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Sheridan Elementary School

24795 Hinesley Rd, Sheridan, IN, 46069

Grades PK-5

0.83 miles away

S

Sheridan Middle School

3030 W 246th St, Sheridan, IN, 46069

Grades 6-8

0.58 miles away

S

Sheridan High School

24185 Hinesley Rd, Sheridan, IN, 46069

Grades 9-12

0.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.