$550,000
SOLD OCT 22, 2025

507 W 5th St Sheridan, IN 46069

2 Beds
1 Bath
-- Sq Ft
47,480 Sq Ft Lot

Recently Sold

4% Above List Price

3 Days on Market

Highlights

  • 1.09 Acre Lot
  • 1-Story Property
  • Central Air

About This Home

As of October 2025

Great opportunity to own rentals in the HEART of Sheridan! 2 separate 4 plex (8 units total) and hard to find all 1 story. Each unit has Living room, kitchen, 2 bedrooms and 1 bath. Refrigerator, stove included with hook up for renters washer & dryer. One unit available to preview that is currently not rented, all others rented. Will not divide, selling both units. Seller pays for water & sewage and trash pickup, yard care. Renter pays for electricity.

Last Agent to Sell the Property

Mary Armstrong

Dropped Members License #RB14000423 Listed on: 09/18/2025

Dropped Members

Last Buyer's Agent

Tina Floyd-Snodgrass

Keller Williams Indpls Metro N

Keller Williams Indpls Metro N

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,390

Year Built

  • Built in 1996

Parking

  • Common or Shared Parking

Home Design

  • Quadruplex

Interior Spaces

  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Schools

  • Sheridan Elementary School
  • Sheridan Middle School
  • Sheridan High School

Additional Features

  • 1.09 Acre Lot
  • Central Air

Community Details

  • White & Morris Subdivision

Listing and Financial Details

  • The owner pays for lawncare, taxes, sewer, trash collection, water
  • Tax Lot 13,12
  • Assessor Parcel Number 290131403003000002
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,390

Year Built

Built in 1996

Lot Details

1.09 Acres

Listing Details

  • Property Sub Type: Quadruplex
  • Architectural Style: Other
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1996
  • Lot Size Acres: 1.09
  • On Market Date: 2025-09-18
  • Subdivision Name: White & Morris
  • Transaction Type: Sale
  • Conversion: No
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: One
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Owner Pays: Lawncare, Taxes, Sewer, Trash Collection, Water
  • Possible Use: Apt<20

Exterior Features

  • Foundation Details: Crawl Space
  • Road Access: Frontage Road

Garage/Parking

  • Parking Features: Common
  • Unit Parking: Parking Lot

Utilities

  • Cooling: Central Air
  • Laundry Features: Other
  • Solid Waste: No

Schools

  • Middle Or Junior School: Sheridan Middle School

Lot Info

  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Current Use: Apt<20, See Remarks
  • Lot Size Sq Ft: 47263
  • Parcel Number: 290131403003000002
  • Acres: 1-3 Acres

Tax Info

  • Tax Annual Amount: 11390
  • Tax Lot: 13,12
  • Semi Annual Property Tax Amt: 5695

MLS Schools

  • Elementary School: Sheridan Elementary School
  • High School: Sheridan High School
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2025 10/22/25 Sold $550,000 +3.8% --
09/21/2025 09/21/25 Pending -- -- --
09/18/2025 09/18/25 For Sale $529,900 -- --
Source: MIBOR Broker Listing Cooperative®

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22062981

MIBOR Broker Listing Cooperative®
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