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.

Property Details

Interior Features

Utilities and Appliances

Community

Based on information submitted to MIBOR as of May 20, 2026 5:10 PM EDT . All data is obtained from various sources and has not been, and will not be, verified by broker or MIBOR. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Name

Your Email Address

Phone

Message Send me the deed for 601 N Sherman Drive Indianapolis IN 46201 (ID#:22099336)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message Send me the survey or tax map for 601 N Sherman Drive Indianapolis IN 46201 (ID#:22099336)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message I would like more information for 601 N Sherman Drive Indianapolis IN 46201 (ID#:22099336)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Autosuggestion Search

Listing Tools

Property Details of 601 N Sherman Drive

Property Details

Basic Information

Building

Location

Interior Features

Basement

Laundry

Utilities and Appliances

Utilities and Appliances

Community

Area

Map Location

Driving Directions

Realty World Harbert Company

Listing Tools

Hi there! How can we help you?

Property Details of 601 N Sherman Drive

Property Details

Basic Information

Building

Location

Interior Features

Basement

Laundry

Utilities and Appliances

Utilities and Appliances

Community

Area

Map Location

Driving Directions

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Realty World Harbert Company