401 W 3rd Street
Sheridan, IN, 46069 $ 199,900
Bedrooms3 Baths2.0 Sq 1,716 Monthly Estimate*
$ 1,231
for $199,900 with 3 bedrooms and 2 full baths. This 1,716 square foot home was built in 1940 on a lot size of 0.5.
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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FeaturesInteriorInterior Amenities Walk-In Closet(s) Vaulted Ceiling(s)
Basement (Y/N) N
Half Baths 0
Total Bedrooms 3
Main Level Bedrooms 1
Total Baths 2
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GeneralHeating Forced Air Natural Gas Baseboard
Cooling Other
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Closing
Appliances Refrigerator Microwave Washer Dryer Range Hood
Patio/Porch Features Breeze Way
Architectural Style A-Frame Traditional
Security Features Smoke Detector(s)
Construction Materials Wood Siding Other
Year Built 1940
Township Adams
Levels One and One Half One
Property Subtype Single Family Residence
Tax Year 2024
County Hamilton
New Construction N
Property Type Residential
HOA N
Subdivision Name No Subdivision
Garage Y/N N
Total Rooms 5
Full Baths 2
Status Pending
Directions GPS Friendly
High School Sheridan High School
City Sheridan
High School District Sheridan Community Schools
MLS Area 2916 - Hamilton - Adams
Lot Size Square Feet 21780
Elementary School Sheridan Elementary School
Property Attached Y/N N
Middle/Junior High School Sheridan Middle School
Additional Parcels Y/N N
Standard Status Pending
Tax Lot 3
Legal Description Acreage .50 Section 31 Township 20 Range 3
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ExteriorExterior Amenities Other
Parking Features Other
Lot Features Sidewalks Mature Trees Trees-Small (Under 20 Ft)
Water Source Public
Foundation Details Crawl Space Other
Spa N
Building Area Total 1716
Lot Size Acres 0.5
Waterfront Y/N N
Horse Amenities None
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* Excluded FeaturesList ByJIM@THEGILDAYGROUP.COMEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,231
- Monthly Property Taxes
- $92
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Sheridan, IN
Average List Price $419,096
Percent of Sale Price 110%
About Sheridan, IN 2,795 Population
1% Since 2002
$ 42,592 Median Income
38.29 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4050201 Elementary School
4058827 Middle School
Sheridan High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/6/2026 | $199,900 | -11.16% | Price Down |
| 1/31/2026 | $225,000 | | Listed Price |