# 601 N Sherman Drive, Indianapolis, IN 46201

> **TL;DR:** 6bd/2ba multi-family, $239,000, built 1930.
> A/C, 4-car garage. Est. $1,279/mo. Listed 170 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $239,000 |
| Bedrooms | 6 |
| Bathrooms | 2 full |
| Year Built | 1930 |
| Lot Size | 5,663 sqft (0.13 acres) |
| Stories | 2 |
| Garage | 4-car |
| Property Type | Multi-Family (Duplex) |
| Status | Pending |
| Days on Market | 170 |

## Why This Home Stands Out

- **Large Garage** - 4-car garage

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,209 |
| Estimated Insurance | $70 |
| **Total** | **$1,279** |

## Key Amenities

- A/C
- 4-car garage

## 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:** Plat Collective
- **Broker Phone:** (317) 489-3441
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/601-N-Sherman-Dr_Indianapolis_IN_46201_M34135-61447?f=listhub&s=MIBORIN&m=22099336&c=propsimple)

## Photos

![601 N Sherman Drive - Photo 1](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f2114532876r.jpg)

![601 N Sherman Drive - Photo 2](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f3562310882r.jpg)

![601 N Sherman Drive - Photo 3](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f2915258310r.jpg)

![601 N Sherman Drive - Photo 4](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f1446322241r.jpg)

![601 N Sherman Drive - Photo 5](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f4270995979r.jpg)

![601 N Sherman Drive - Photo 6](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f1582292626r.jpg)

![601 N Sherman Drive - Photo 7](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f870558072r.jpg)

![601 N Sherman Drive - Photo 8](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f2674008717r.jpg)

![601 N Sherman Drive - Photo 9](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f3106924439r.jpg)

![601 N Sherman Drive - Photo 10](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f3161319498r.jpg)

![601 N Sherman Drive - Photo 11](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f3977132217r.jpg)

![601 N Sherman Drive - Photo 12](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f3708243107r.jpg)

![601 N Sherman Drive - Photo 13](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f2624258379r.jpg)

![601 N Sherman Drive - Photo 14](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f116620459r.jpg)

![601 N Sherman Drive - Photo 15](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f2792373066r.jpg)

![601 N Sherman Drive - Photo 16](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f2279644544r.jpg)

![601 N Sherman Drive - Photo 17](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f3075019260r.jpg)

![601 N Sherman Drive - Photo 18](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f1426357674r.jpg)

![601 N Sherman Drive - Photo 19](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f2346293261r.jpg)

![601 N Sherman Drive - Photo 20](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f4162626665r.jpg)

![601 N Sherman Drive - Photo 21](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f885536477r.jpg)

![601 N Sherman Drive - Photo 22](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f294266537r.jpg)

![601 N Sherman Drive - Photo 23](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f3616956722r.jpg)

![601 N Sherman Drive - Photo 24](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f1731700041r.jpg)

![601 N Sherman Drive - Photo 25](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f2639638233r.jpg)

![601 N Sherman Drive - Photo 26](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f1664934225r.jpg)

![601 N Sherman Drive - Photo 27](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f1361528732r.jpg)

![601 N Sherman Drive - Photo 28](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f1180529565r.jpg)

![601 N Sherman Drive - Photo 29](http://lh.rdcpix.com/682681bc7c37f8578d7cc52b6a9b5c06l-f3733987689r.jpg)

---

**MLS#:** 22099336 | **Updated:** 2026-10-23
**Source:** listhub

*Copyright © 2026 Broker Listing Cooperative®. 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.ai/listing/601-n-sherman-drive-indianapolis-in-46201-25cf4a07da814093b68f84f1d36105e2)

---

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