261 S Sheridan Avenue, Indianapolis, IN 46219

Indianapolis
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
261 S Sheridan Avenue,Indianapolis, IN 46219
$135,000
  • 2 Beds
  • 2 Baths
  • 1,700 sq. ft.
  • Single family
  • Pending
Listed by: peter stewart
Office: keller williams indpls metro n
MLS#:22082416
Source:IN_MIBOR

Price summary

  • Price:$135,000
  • Price per sq. ft.:$79.41

About this home

Located on the near eastside just one block from the highly sought-after Irvington neighborhood, 261 S Sheridan Ave offers a solid value-add investment opportunity only 15 minutes from downtown Indianapolis. This all-brick ranch-style single-family home features 2 bedrooms, 1.5 baths, and 850 sq ft on the main level, plus a finished 850 sq ft basement with daylight windows providing valuable additional living space. The property also includes a small carport, detached one-car garage, and an attached screened porch for added function and appeal. The home is tenant occupied and will be sold with the tenant in place, making this a true income-producing property from day one. Professionally managed, the current tenant pays $1,125 per month, covers all utilities and lawn care, and is leased through 4/30/27. Market rents in the area suggest strong upside, with potential closer to $1,400 per month. Major mechanicals are in solid shape, including an estimated 9-year-old roof and an 8-year-old...

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Home facts

  • Year built:1951
  • Listing ID #:22082416
  • Added:54 day(s) ago
  • Updated:March 30, 2026 at 07:50 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Flooring:Hardwood Floors
  • Dining Description:Dining Combo/Kitchen
  • Kitchen Description:Disposal, Gas Oven, Microwave Hood, Refrigerator
  • Basement:Yes
  • Basement Description:Basement, Finished, Full
  • Living area:1,700 sq. ft.

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1951
  • Building area:1,700 sq. ft.
  • Lot area:0.17 Acres
  • Architectural Style:Ranch
  • Construction Materials:Brick
  • Exterior Features:Storage Shed
  • Foundation Description:Block

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$135,000
  • Price per sq. ft.:$79.41

Features and amenities

  • Appliances:Refrigerator

Parking

  • Garage:Yes
  • Garage spaces:1
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