# 601 N Sherman Drive, Indianapolis, IN 46201

> **TL;DR:** residential multi family, $220,000, built 1930.
> A/C. Est. $953/mo. Listed 41 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $220,000 |
| Year Built | 1930 |
| Lot Size | 5,663 sqft (0.13 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 41 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $953 |
| **Total** | **$953** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1930
- 0.13 acre lot
- 2 stories

## Description

### Agent Description
Back on Market due to no fault of the Seller. -- Rehabbed, income-producing duplex offers a great opportunity in a rapidly developing area of Indianapolis. This move-in ready property features two spacious 3 bed, 1 bath units with open concept floor plans and basements on each side, including washer/dryer connections for added tenant convenience. One unit is currently rented at $1,200/month, making this an ideal opportunity for investors looking for immediate income and a property that meets the highly sought-after "1% rule." Major capital improvements have already been completed, including new roof, gutters, and siding in 2021, new sewer line and plumbing in both units, updated HVAC systems with central AC replaced in 2020 and 2022, plus new interior paint and flooring throughout. Unit 603 was fully renovated in 2021. Located near an IndyGo bus stop and offering quick access to downtown Indianapolis and major highways, this duplex combines location, updates, and rental appeal into one strong investment opportunity.

## Location

- **Address:** 601 N Sherman Drive, Indianapolis, IN 46201
- **County:** Marion
- **Neighborhood:** Lowes E Mich St
- **Coordinates:** 39.775679, -86.101921
- **Google Maps:** https://www.google.com/maps?q=39.775679,-86.101921

## Listing Agent

- **Name:** Drew Tomasik
- **Brokerage:** @properties
- **Phone:** (317) 489-3441
- **Email:** drew@tomasikgroup.com

## Primary Photo

![601 N Sherman Drive - Primary Photo](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f2114532876r.jpg)

*29 total photos available on [listing page](https://www.propertysimple.com/listing/601-n-sherman-drive-indianapolis-in-46201-22099336)*

---

**MLS#:** 22099336 | **Updated:** 2026-06-25
**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/601-n-sherman-drive-indianapolis-in-46201-22099336)

---

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