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Back 1241 Shepard St
Off Market

1241 Shepard St

Indianapolis IN 46221

3
5227 sq. ft.
Duplex
Last sold for $150,000
Maxwell RichterMaxwell Richter, last sold this property on 25 June 2026 after 74 days on market.

Overview

Fully occupied duplex exceeding the 1% rule! This property offers 2 bedrooms and 1 bathroom per side. Both sides have spacious main levels with the bathroom, and both bedrooms are upstairs. Tenants are able to enjoy the convenience of a detached garage for storage or parking as well. Both sides are occupied with rent totaling $1655/month. Both tenants have been living in the property for multiple terms, so the rent is stable. Tenants pay all utilities as well as there is additional pet rent. This property has a great location and great cash flow, so don't miss out! Photos were taken prior to tenancy and condition may differ. Meant to show layout and finishes.

Features

3 carspaces
3 garage spaces
5227 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in Indianapolis over the last 12 months, the estimated median property value of 1241 Shepard St is $147.5k.

Median value
$147.5k
Estimated value range
$68k - $253k
Median days on market
36
Estimated value trend
-23%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Indianapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1241 Shepard St

2026
Sold
$150,000
25 Jun 2026 by Maxwell Richter, of THE WILMOTH GROUP
2023
Rented
Undisclosed
31 Mar 2023 by THE WILMOTH GROUP
2022
Rented
Undisclosed
07 Mar 2022 by THE WILMOTH GROUP

Happy sellers in Indianapolis

88%
88% of sellers in Indianapolis reported that their sale price either exceeded or met their price expectations.

Indianapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 12 duplexes similar to 1241 Shepard St, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Indianapolis

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Jessica Leatherman

Jessica Leatherman is a recommended agent for Indianapolis.  They have 1 local sale and collected 1 local review across the last 12 months.

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Rene Hauck

Rene Hauck is an award winning recommended agent for Indianapolis.  They have 1 local sale and collected 1 local review across the last 12 months.

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Laura O'Connor

Laura O'Connor is a recommended agent for Indianapolis.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   4.8   (5 reviews)
  •  1 Review in Indianapolis
  •  1 Sale in Indianapolis
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Denise Drain

Denise Drain is a recommended agent for Indianapolis.  They have collected 1 local review across the last 12 months.

  •   5   (1 review)
  •  1 Review in Indianapolis
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