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3423 N Sherman Drive

Indianapolis, IN 46218

ActiveListed Nov 13, 2026 · 2 days on market

Key facts

Beds
2
Baths
1 full
Living area
990 sqft
Lot
0.16 acres
Year built
1945
Type
Residential · Single Family Residence
Stories
One
MLS #
22136380
County
Marion
Subdivision
No Subdivision
Total building area
1,980 sqft

About this home

Investor Opportunity or Fixer-Upper with Potential! This single-family home offers 2 bedrooms, 1 full bathroom with a tub/shower combination, and 990 square feet of living space. An additional 990-square-foot unfinished basement provides an excellent opportunity to create extra living space, expand functionality, or add value to the property. Enjoy outdoor potential with a concrete front patio ready for renovation and a covered back porch offering additional space to relax and unwind. This property needs some TLC but offers plenty of potential for the right buyer! Whether you're looking for your next investment property to add to your rental portfolio or a home you can renovate and make your own, this property is full of possibilities. Bring your vision and transform this house into something special!

Description provided by the listing brokerage.

Interior

Appliances
Gas Water Heater
Interior features
Eat-in Kitchen
Other rooms and areas
Bedroom Other on MainLaundry in Unit
Basement
Unfinished
Rooms
4
Main-level bedrooms
2
Condition
Fixer

Exterior

Patio and porch
CoveredPorch
Construction
Vinyl With Stone
Foundation
Block
Style
Ranch
Parking and garage
Alley Access

Systems

Heating
Forced AirNatural Gas
Water
Public

Lot and HOA

Lot features
Mature Trees

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$1,628 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Price history

Every listing, price change and sale we have on record for this home.

DateEventPrice$/sq ft
Listed for sale$85,000$86 / sq ft
Sold$15,000$15 / sq ft
Price cut$20,000 −19.7%$20 / sq ft
Listed for sale$24,900$25 / sq ft
Sold$6,005$6 / sq ft
Date not recordedPrice change (date not recorded)$16,290 −24.2%$16 / sq ft
Listed for sale$21,490$22 / sq ft

Properties displayed may be listed or sold by various participants in the MLS.

Information deemed reliable but is not guaranteed accurate.

© 2026 MIBOR REALTOR® Association

Based on information submitted to the Broker Listing Cooperative listing service as of November 14, 2026

Estimate your monthly payment

$594per month, estimated
Principal and interest $428Property tax $136Insurance $30
20% · $17,000
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.

Talk to a lender we trust
Address
3423 N Sherman Drive, Indianapolis, IN 46218
County
Marion
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Listed at$85,000
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