401 W 3rd Street Sheridan, IN 46069
Listing Courtesy of: MIBOR / eXp Realty, LLC

  401 W 3rd Street Sheridan, IN 46069

Pending (14 Days)
$199,900 (USD)
3
BED
2
BATH
1,716
SQFT

Description

Unique Real Estate Opportunity with Two Single-Family Dwellings on One Parcel! Welcome to a rare and versatile property offering two detached single-family homes on one parcel of land, presenting endless possibilities for homeowners and investors alike. The primary residence is a spacious 3-bedroom, 2-bath home filled with character and charm. Inside, you'll find beautiful original hardwood floors, generous living spaces, and the convenience of one bedroom located on the main level. Step outside to a large, private backyard, perfect for hosting gatherings, relaxing outdoors, or simply enjoying the surrounding natural beauty. Just steps away, the second detached dwelling offers incredible flexibility. This 1-bedroom, 1-bath home features an upper loft that can easily be used as an additional bedroom, home office, library, or entertainment space. Ideal as a guest house, in-law suite, or private retreat, it remains close enough for convenience while still offering independence. For investors, this property shines. With separate entrances and detached layouts, both homes can be utilized as income-producing units. Whether you're looking to rent both dwellings, explore short-term rental opportunities, or live in one while renting or Airbnb-ing the other, this setup offers an excellent path to owner-occupied investing. The possibilities are truly endless-a unique property that combines flexibility, charm, and income potential all in one. Schedule your showing today as this property won't last long!

MLS #:
22082217
Taxes
$549(2024)
Lot Size
0.5 acres
Type
Single-Family Home
Year Built
1940
School District
Sheridan Community Schools
County
Hamilton County
Community
Adams

Listed By

James Gilday, eXp Realty, LLC
Source
MIBOR
Last checked Feb 15 2026 at 9:49 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
Interior Features
  • Bedroom Other on Main
  • Microwave
  • Refrigerator
  • Dryer
  • Washer
  • Range Hood
Subdivision
  • No Subdivision
Property Features
  • Foundation: Other
  • Foundation: Crawl Space
Heating and Cooling
  • Forced Air
  • Baseboard
  • Natural Gas
  • Other
Exterior Features
  • Other
  • Wood Siding
School Information
  • Middle School: Sheridan Middle School
  • High School: Sheridan High School
Living Area
  • 1,716 sqft

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Feb 06, 2026
Price Changed
$199,900
-11%
-$25,100
Jan 31, 2026
Listed
$225,000
-
-
Location
   
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Disclaimer: Copyright 2023 Metropolitan Indianapolis Board of Realtors (MIBOR). All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/20/23 06:55