Sheldon Barnes
For Sale — 8217 E 48th Street, Indianapolis, IN 462268217 E 48th Street
Indianapolis, Indiana 46226
Harrison Park
$135,000
Schedule a Showing3
Beds
1
Baths
792
Sq Ft
1954
Year Built
0.19
Acres
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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 8217 E 48th Street in Harrison Park, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Investor opportunity with immediate income in Lawrence. Tenant-occupied property generating $1,200/month ($14,400 annually) with lease in place through 12/31/2027, offering approximately 10.7% gross yield before expenses based on list price. Located within a small portfolio of three rental homes all within approximately .25 miles, providing potential for scale. Fenced back yard. Property is being sold as-is. No yard sign and no showings without an accepted offer. Please do not disturb tenants. Buyer to verify all information. Other MLS #s: 22095884 and 22095897
Key things to know
- Tenant-occupied, lease through 12/31/2027
- Generates $1,200/month rental income
- $14,400 annual income at purchase
- 2-car garage
- Fenced backyard
Browse by room
8 rooms · 14 photos
Monthly payment
Estimate · $135,000
$851/mo
≈ $719 principal & interest · $132 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $27,000 on a loan of $108,000.
Price history
- Listedat $135,000
Apr 24, 2026
Harrison Park · activity
past 6 months
- Sold
- 3
- Median price
- $153,500
- Median DOM
- 128 days
Recent comparable sales
$179,000
5426 Culver Street
3bd · 1ba · 976 sqft
Sold May 2026
$175,000
7326 Twin Beech Drive
3bd · 1ba · 920 sqft
Sold May 2026
$125,000
4002 N Catherwood Avenue
4bd · 1ba · 984 sqft
Sold May 2026
$133,000
7418 E 48th Street
3bd · 1ba · 912 sqft
Sold Apr 2026
$150,000
7521 E 53rd Street
3bd · 1ba · 904 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 10% below median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$135,000Listed· Apr 24, 2026
3 days on market
Layout
Schools
MSD Lawrence Township
Neighborhood
- Fishers High School8.4 mi
- IU Health North Hospital8.5 mi
- Conner Prairie8.6 mi
- Downtown Indianapolis8.9 mi
- Monon Trail (Carmel)9.3 mi
- Carmel High School9.9 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
792 sq ft
Year Built
1954
Stories
One
Subdivision
Harrison Park
Bedrooms
3
Bathrooms
1 full
Garage
2 spaces
School District
MSD Lawrence Township