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(317) 778-8227

38 N Sherman Dr, Indianapolis, IN 46201

$125,000

Brick house with a snow-covered front yard at 38 N Sherman Dr, Indianapolis, IN 46201
  • Bedrooms

    2

  • Baths

    1

  • Sq. Feet

    3216

  • Year Built

    1925

  • Days on Market

    2

  • $/SqFt

    $39

20 Photos

  • Brick house with a snow-covered front yard at 38 N Sherman Dr, Indianapolis, IN 46201
  • White house with a snow-covered lawn at 38 N Sherman Dr, Indianapolis, IN 46201
  • Large living room with hardwood floors and high ceilings at 38 N Sherman Dr, Indianapolis, IN 46201
  • Living room with hardwood floors and a fireplace at 38 N Sherman Dr, Indianapolis, IN 46201
  • Spacious living room with hardwood floors and large windows at 38 N Sherman Dr, Indianapolis, IN 46201
  • Living room with hardwood floors and a chandelier at 38 N Sherman Dr, Indianapolis, IN 46201
  • Dining room with hardwood floors and built-in shelving at 38 N Sherman Dr, Indianapolis, IN 46201
  • Dining room with hardwood floors and striped wallpaper at 38 N Sherman Dr, Indianapolis, IN 46201
  • Bright dining room with hardwood floors and built-in cabinetry at 38 N Sherman Dr, Indianapolis, IN 46201
  • Long hallway with dark hardwood floors at 38 N Sherman Dr, Indianapolis, IN 46201
  • Bright kitchen features wood cabinets, tile floor, and appliances at 38 N Sherman Dr, Indianapolis, IN 46201
  • Updated kitchen with wood cabinets, tile floor and pantry at 38 N Sherman Dr, Indianapolis, IN 46201
  • Spacious bedroom with hardwood floors and ample closet space at 38 N Sherman Dr, Indianapolis, IN 46201
  • Hardwood floors and good closet space in this bright bedroom at 38 N Sherman Dr, Indianapolis, IN 46201
  • Large bedroom with hardwood floors and two windows at 38 N Sherman Dr, Indianapolis, IN 46201
  • Clean bathroom includes shower/tub, pedestal sink, and tile floor at 38 N Sherman Dr, Indianapolis, IN 46201
  • Detached garage in the snowy backyard at 38 N Sherman Dr, Indianapolis, IN 46201
  • Snowy backyard with detached garage and home view at 38 N Sherman Dr, Indianapolis, IN 46201
  • Snowy backyard with view of home exterior at 38 N Sherman Dr, Indianapolis, IN 46201
  • Detached garage in snowy backyard at 38 N Sherman Dr, Indianapolis, IN 46201
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Home Description

Excellent investor opportunity!! This nearly original Craftsman-style home is a fantastic opportunity for investors looking to add value with minimal effort. Situated in a desirable area, this home boasts classic architectural features, including original hardwood floors, built-in cabinetry, and distinctive woodwork that exude character and charm. While the property retains much of its original craftsmanship, it is in need of some updates, allowing you to enhance its appeal and increase rental income potential. With a little renovation, this home could easily be transformed into a modern gem while preserving its historic charm. Currently in a livable condition, the property offers immediate rental potential, providing a steady cash flow as you plan future improvements. Whether you choose to refresh the home with modern updates or maintain its timeless features, the possibilities are endless for the right investor. Don't miss this chance to own a piece of history with incredible upside potential. Schedule a showing today!

  • Property Type: Single Family
  • Style: Craftsman
  • Basement: Exterior Entry,Interior Entry,Unfinished
  • Garage Spaces: 2
  • Acres: <1/4 Acre
  • Lot Description: Sidewalks
  • Siding: Block,Wood
  • Patio & Porch: Covered Porch

Available now at $125,000

Approximate Room Sizes / Descriptions

Living Room31x14Main
Dining Room14x14Main
Kitchen13x12Main
Laundry31x14Basement
Primary Bedroom12x12Main
Bedroom 212x12Main
  • Areas: Laundry in Unit
  • Interior Description: Attic Access,Attic Stairway,Eat-in Kitchen,Hardwood Floors,Pantry,Windows Wood,Wood Work Stained
  • Full Baths: 1
  • Num Fireplaces: 0
  • Appliances: Dryer,Electric Oven,Electric Water Heater,Refrigerator,Washer
  • Eating Area: Formal Dining Room
  • Heating: Electric,Forced Air
  • Cooling: Central Electric
  • Utilities: Cable Available,Electricity Connected,Gas,Sewer Connected,Water Connected

Neighborhood

The average asking price of a 2 bedroom Indianapolis home in this zip code is $170,564 (36.5% more than this home).

This home is priced at $39/sqft, which is 179.6% less than similar homes in the 46201 zip code.

Potential Great Value

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School Information

  • School District:Indianapolis Public Schools

Financial

  • Approx Payment:$621*
  • Semi Annual Taxes:$857

Area Stats

These statistics are updated daily from the Metropolitan Indianapolis Board of REALTORS® Multiple Listing Service. For further analysis or to obtain statistics not shown below please call Highgarden Real Estate at (317) 778-8227 and speak with one of our real estate consultants.

Listing Courtesy of RE/MAX At The Crossing. For information or to schedule a viewing of this property (MLS# 22017232), call: 317-778-8227

38 N Sherman Dr, Indianapolis IN is a single family home of 3216 sqft and is currently priced at $125,000 . This single family home has 2 bedrooms. A comparable home for sale at 4815 English Ave in Indianapolis is listed at $150,000. In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures in Indianapolis, IN. Long & Harlans E Washington St, Holtman & Topps and Englewood are nearby neighborhoods. MLS 22017232 has been posted on this site since 1/8/2025 (today).

2025

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