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939 N Sherman Drive

Indianapolis, IN 46201

PendingListed Apr 20, 2026 · 158 days on market

Key facts

Lot
0.12 acres
Year built
1920
Type
Residential Income · Quadruplex
Stories
Two
MLS #
22095620
County
Marion
Subdivision
Shannon Park

About this home

IMMEDIATE CASH FLOW. Quad plex currently leased out at $950/month each unit. Newer LVP flooring throughout. Each side has its own utilities. 941 has washer and dryer in basement (those are tenant owned). See attachments for T12 and Rent Roll.

Description provided by the listing brokerage.

Interior

Basement
Unfinished
Laundry
Connections SomeNo Laundry Facil.

Exterior

Construction
Vinyl Siding
Style
Traditional
Parking and garage
Alley Access

Systems

Heating
Forced Air
Cooling
Wall Unit(s)

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$5,192 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$1,456per month, estimated
Principal and interest $957Property tax $433Insurance $66
20% · $37,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$189,900
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