261 S Sheridan Avenue, Indianapolis, IN 46219

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261 S Sheridan Avenue,Indianapolis, IN 46219
$149,000
  • 2 Beds
  • 2 Baths
  • 1,700 sq. ft.
  • Single family
  • Active
Listed by: peter stewart
Office: keller williams indpls metro n
MLS#:22082416
Source:IN_MIBOR

Price summary

  • Price:$149,000
  • Price per sq. ft.:$87.65

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 turnkey 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 that provides valuable additional living space. The property includes a small carport, a detached one-car garage, and an attached screened porch, adding both 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. Under professional management. The current tenant pays $1,125 per month, handles all utilities and lawn care, and is leased through 4/30/27. Market rents in the area suggest strong upside, with potential rent closer to $1,400 per month. No HOA! Major mechanicals are in solid shape, with an estimated 9-year-old roof

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Home facts

  • Year built:1951
  • Listing ID #:22082416
  • Added:1 day(s) ago
  • Updated:February 03, 2026 at 10:37 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Living area:1,700 sq. ft.

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air

Structure and exterior

  • Year built:1951
  • Building area:1,700 sq. ft.
  • Lot area:0.17 Acres

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$149,000
  • Price per sq. ft.:$87.65
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