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$225,000 -

401 W 3rd Street Sheridan IN 46069

3
Bedrooms
2
Baths
N/A
SQ. Feet
(Above Ground)
0.5
Acres

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!

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Property Details

Price: $225,000 Previously: $225,000 Originally: $225,000 Bedrooms: 3 Bathrooms: 2.00 MLS #: 22082217 Year Built: 1940 Township: Adams Sq. Ft Total: 1,716 Type: Residential Zip Code: 46069 City: Sheridan Subdivision: No Subdivision County: Hamilton School District: Sheridan Community Schools High School: Sheridan High School Middle School: Sheridan Middle School Elementary School: Sheridan Elementary School

Interior Features

Interior Features:
  • Appliances: Refrigerator, Microwave, Washer, Dryer, Range Hood
  • Cooling: Other
  • Heating: Forced Air, Natural Gas, Baseboard

Exterior Features

Exterior Features:
  • Features: Other
  • Setting / Lot Description: Sidewalks, Mature Trees, Trees-Small (Under 20 Ft)
  • Porch: Breeze Way
  • # Acres: 0.50

Listing Office: Exp Realty, Llc

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2026 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on February 1st, 2026 at 5:28am EST.

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