NOT LISTED FOR SALE

507 W 5th St Sheridan, IN 46069

2 Beds
1 Bath
-- Sq Ft
1.09 Acre Lot

Sale Details

Date Sold: October 22, 2025

Last sale price $550,000

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

Lot Details

  • 1.09

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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