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1241 Shepard Street

Indianapolis, IN 46221
  • $159,900
  • STATUS: Pending
  • ON SITE: 28 Days
  • MLS #: 22094861
Under Contract
UPDATED: 51 min ago
$159,900
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

School District:

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.

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© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.

Based on information submitted to the MLS GRID as of 2026-05-10T07:25:04.193. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.davidbrentonsteam.com/homes/175089783
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1241 Shepard Street Indianapolis, IN 46221

  • Price: $159,900
  • Status: Pending
  • On Site: 28 Days
  • Updated: 51 min ago
  • MLS #: 22094861
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1920
Built
Neighborhood:
Tweeds Oxford Park
County:
Marion
Area:
4910 - Marion - Center
School District:
Indianapolis Public Schools
Property 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.
Exterior Features

Architectural Style Traditional Construction Materials BrickWood Siding Foundation Details Block Levels Two Lot Information AccessSidewalks Parking Features Detached Road Access Not Applic Structure Type Duplex Unit Parking 2 Car GarageOn Street

Interior Features

Basement YN Yes Heating Baseboard

Property Features

Acres <1/4 Acre Current Financing Conventional Current Use Residential Dpr YN Yes Expenses 0 Laundry Connections All New Construction YN No Number Of Units Total 2 Owner Pays Ins HazardInsuranceTaxes Possession ClosingSubject to Tenant Rights Property Attached YN Yes Property Sub Type Duplex Security Features Smoke Detector(s) Semi Annual Property Tax Amt 1013 Solid Waste Yes Special Listing Conditions Not Applicable Tax Year 2024 Tenant Pays InsuranceAll Utilities Township Center Transaction Type Sale

Listing provided courtesy of Wilmoth Group: . © 2026 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.

Based on information submitted to the MLS GRID as of 2026-05-10T07:25:04.193. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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David Brenton's Team
4741 E Stop 11 Rd.
Indianapolis IN, 46237