# 939 N Sherman Drive, Indianapolis, IN 46201

> **TL;DR:** multi-family, $199,000, built 1920.
> Basement. Est. $862/mo. Listed 42 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $199,000 |
| Year Built | 1920 |
| Lot Size | 5,227 sqft (0.12 acres) |
| Property Type | Multi-Family (Quadruplex) |
| Status | For Sale |
| Days on Market | 42 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $862 |
| **Total** | **$862** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1920
- 0.12 acre lot

## Description

### Agent Description
IMMEDIATE CASH FLOW. Quad plex currently leased out at $950/month each unit. Month to month leases but all have been there over a year. Furnaces newer 2021. LVP flooring throughout. Each side has its own utilities. 941 has washer and dryer in basement (those are tenant owned). Property being sold AS IS and is priced accordingly.  See attachments for T12 and Rent Roll.

## Location

- **Address:** 939 N Sherman Drive, Indianapolis, IN 46201
- **County:** Marion
- **Neighborhood:** Shannon Park
- **Coordinates:** 39.780295, -86.102172
- **Google Maps:** https://www.google.com/maps?q=39.780295,-86.102172

## Listing Agent

- **Name:** Kristin Tomyn
- **Brokerage:** United Real Estate Indpls
- **Phone:** 3174305558
- **Email:** kristin@indyhomeselling.com

## Primary Photo

![939 N Sherman Drive - Primary Photo](http://lh.rdcpix.com/c46616b8d2c859ab6d555e3477a9cc0el-f616791910r.jpg)

*12 total photos available on [listing page](https://www.propertysimple.com/listing/939-n-sherman-drive-indianapolis-in-46201-22095620)*

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**MLS#:** 22095620 | **Updated:** 2026-06-18
**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/939-n-sherman-drive-indianapolis-in-46201-22095620)

---

## Structured Data

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  "@type": "RealEstateListing",
  "name": "939 N Sherman Drive, Indianapolis, IN 46201",
  "description": "IMMEDIATE CASH FLOW. Quad plex currently leased out at $950/month each unit. Month to month leases but all have been there over a year. Furnaces newer 2021. LVP flooring throughout. Each side has its own utilities. 941 has washer and dryer in basement (those are tenant owned). Property being sold AS IS and is priced accordingly.  See attachments for T12 and Rent Roll.",
  "url": "https://www.propertysimple.com/listing/939-n-sherman-drive-indianapolis-in-46201-22095620",
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  "datePosted": "2026-06-18",
  "price": 199000,
  "priceCurrency": "USD",
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    "postalCode": "46201",
    "addressCountry": "US"
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  "yearBuilt": 1920
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```