Active

$159,900

1241 Shepard St, Indianapolis, IN 46221

4beds

2baths

--sqft

Est.:

Multi Family, Duplex

Built in 1920

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Spacious main levels

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.

1 day

176

13

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Main level bathrooms: 4

Heating

Baseboard

Appliances

Laundry: Connections All

Features

Has basement: Yes

Property

Parking

Total spaces: 3
Parking features: Detached
Garage spaces: 3
Details: Unit Parking(2 Car Garage, On Street)

Features

Levels: Two
Stories: 2

Lot

Size: 5,227.2 Square Feet
Features: Access, Sidewalks

Details

Parcel number: 491115133024000101

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Multi Family, Duplex
Attached to another structure: Yes

Materials

Brick, Wood Siding
Foundation: Block

Condition

New construction: No
Year built: 1920

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: Tweeds Oxford Park

Location

Region: Indianapolis

Financial & listing details

Tax assessed value: $85,400
Annual tax amount: $2,026
Date on market: 4/11/2026
Cumulative days on market: 3 days
Tenant pays: Insurance, All Utilities

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
4/11/2026	Listed for sale	$159,900+73.8%
Source: MIBOR as distributed by MLS GRID #22094861 Report a problem
3/22/2023	Listing removed	--
Source: Zillow Rentals Report a problem
2/28/2023	Listed for rent	$775+47.6%
Source: Zillow Rentals Report a problem
12/15/2021	Sold	$92,000+67.3%
Source: Public Record Report a problem
1/8/2020	Listing removed	$525
Source: WILMOTH Group Report a problem
12/17/2019	Price change	$525-7.9%
Source: WILMOTH Group Report a problem
11/11/2019	Price change	$570-4.2%
Source: WILMOTH Group Report a problem
10/30/2019	Price change	$595-7.8%
Source: WILMOTH Group Report a problem
9/16/2019	Listed for rent	$645+17.3%
Source: WILMOTH Group Report a problem
6/28/2018	Listing removed	$550
Source: Wilmoth Group #21545022 Report a problem
6/19/2018	Price change	$550-4.3%
Source: WILMOTH Group Report a problem
6/4/2018	Price change	$575-4%
Source: WILMOTH Group Report a problem
4/30/2018	Price change	$599-4.2%
Source: WILMOTH Group Report a problem
4/16/2018	Price change	$625-3.8%
Source: WILMOTH Group Report a problem
4/4/2018	Price change	$650-6.5%
Source: WILMOTH Group Report a problem
2/7/2018	Listed for rent	$695
Source: Zillow Rental Network Report a problem
8/3/2016	Sold	$55,000-3.3%
Source: Public Record Report a problem
8/23/2005	Sold	$56,900
Source: MIBOR as distributed by MLS GRID #2523953 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,729 -2.5%	$85,400 +17.1%
2023	$1,773 +43.1%	$72,900 -2.9%
2022	$1,239 +28.3%	$75,100 +39.9%
2021	$966 +3%	$53,700 +28.8%
2020	$937 +2.5%	$41,700 +5%
2019	$915 -74.6%	$39,700 +3.4%
2018	$3,602 +359.1%	$38,400 +13.6%
2017	$785 +10.3%	$33,800 +3.7%
2016	$711 +5.8%	$32,600 +4.8%
2014	$672 -19%	$31,100 -18.2%
2013	$830	$38,000 +2.7%
2012	$830	$37,000 +16%
2011	--	$31,900 -1.5%
2010	$679 -6.3%	$32,400
2009	$724	$32,400 -21.7%
2007	--	$41,400 -31.1%
2006	--	$60,100 +705.6%
2000	--	$7,460