# 1241 Shepard Street, Indianapolis, IN 46221

> **TL;DR:** multi-family, $159,900, built 1920.
> Basement. Est. $693/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $159,900 |
| Year Built | 1920 |
| Lot Size | 5,227 sqft (0.12 acres) |
| Property Type | Multi-Family (Duplex) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $693 |
| **Total** | **$693** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1920
- 0.12 acre lot

## Description

### Agent 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.

## Location

- **Address:** 1241 Shepard Street, Indianapolis, IN 46221
- **County:** Marion
- **Neighborhood:** Tweeds Oxford Park
- **Coordinates:** 39.749727, -86.193006
- **Google Maps:** https://www.google.com/maps?q=39.749727,-86.193006

## Listing Agent

- **Name:** Maxwell Richter
- **Brokerage:** Wilmoth Group
- **Phone:** 3178423400
- **Email:** maxr@wilmothgroup.com

## Primary Photo

![1241 Shepard Street - Primary Photo](http://lh.rdcpix.com/de1304f6cadae946c53b09724d0726ffl-f1835761496r.jpg)

*13 total photos available on [listing page](https://www.propertysimple.com/listing/1241-shepard-street-indianapolis-in-46221-22094861)*

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**MLS#:** 22094861 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1241-shepard-street-indianapolis-in-46221-22094861)

---

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