1237 Shepard St, Indianapolis, IN 46221
OFF MARKET

1237 Shepard St
Indianapolis, IN 46221

West Indianapolis
  • 2 Beds
  • 938 sqft

$128,600

Trulia Estimate
as of Aug 8, 2026

$128,600

Trulia Estimate
as of Aug 8, 2026
2 Beds
938 sqft

Local Information

  • Map ViewExplore the area around 1237 Shepard St.
  • Schools3 Preschool Schools4 Elementary Schools1 Middle School4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1920
Living Area
938 sqft
Price/Sqft
$137
Parking
Garage

About this House

This multi-family home is located at 1237 Shepard St, Indianapolis, IN. 1237 Shepard St is in the West Indianapolis neighborhood in Indianapolis, IN and in ZIP code 46221. This property has 2 bedrooms and approximately 938 sqft of floor space. This property has a lot size of 5227 sqft and was built in 1920.
1237 Shepard St, Indianapolis, IN 46221 is a 2 bedroom, 938 sqft multi-family in West Indianapolis, built in 1920. More recently, it was listed as a rental in December 2023 with an asking price of $900 per month. That rental listing was removed on December 14, 2023. It is currently off market. The Trulia Estimate is $128,600, with a rent estimate of $931/month.

Home Details for 1237 Shepard St

Interior Features

Interior Details
BasementNumber of Rooms: 5
Heating & Cooling
Heating: OtherHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 2

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation Type: Crawl Raised
Parking & Garage
GarageParking: Garage Detached

Property Information

Year Built
Year Built: 1920Year Updated: 1920
Property Type / Style
Property Type: Multi Family

Community

Units in Building: 2

Lot Information

Lot Area: 5227 sqft

Price History for 1237 Shepard St

DatePriceEventSource
12/14/2023ListingRemovedZillow Rentals
12/04/2023$900Listed For RentZillow Rentals
12/04/2023ListingRemovedZillow Rentals
11/06/2023$950Listed For RentZillow Rentals
11/06/2023ListingRemovedZillow Rentals
10/08/2023$950Listed For RentZillow Rentals

Market trends in Indianapolis

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$243K
$9.18KMoM
Sale-to-List Price
99.2%
0.5%MoM
Price per sq ft
$143
$3MoM
Available listings
3885
69MoM
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Property Tax and Assessment

Year2025
Tax$1,397
Assessment$136,000
Home facts updated by county records

Comparable Sales for 1237 Shepard St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1809 W Morris St, Indianapolis, IN
0.07
Multi-Family Home
$252,500
11/05/25
2
1
416
1540 Hiatt St, Indianapolis, IN
0.41
Multi-Family Home
$39,900
03/10/26
2
-
812
1017 S Pershing Ave, Indianapolis, IN
0.43
Multi-Family Home
$120,000
09/18/25
2
-
990
1750 W Morris St, Indianapolis, IN
0.12
Multi-Family Home
$24,900
01/14/26
4
2
2,376
1229 S Belmont Ave, Indianapolis, IN
0.19
Multi-Family Home
$98,000
02/09/26
2
2
-
1241 Shepard St, Indianapolis, IN
0.01
Multi-Family Home
$150,000
06/25/26
4
2
-
1214 W Ray St, Indianapolis, IN
0.74
Multi-Family Home
$60,000
09/04/25
2
-
1,036
824 Coffey St, Indianapolis, IN
0.58
Multi-Family Home
$20,000
09/15/25
4
-
1,032
1846 Lambert St, Indianapolis, IN
0.06
Multi-Family Home
$110,000
02/27/26
3
2
-
823 Chase St, Indianapolis, IN
0.57
Multi-Family Home
$120,000
10/29/25
1
-
568

Nearby homes

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Assigned Schools

These are the assigned schools for 1237 Shepard St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

West Indianapolis
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about West Indianapolis

At least 41 Trulia users voted on each feature.

  • 88 % Say yards are well-kept

  • 83 % Say parking is easy

  • 81 % Say car is needed

  • 80 % Say there are sidewalks

  • 71 % Say there's holiday spirit

  • 70 % Say kids play outside

  • 63 % Say it's dog friendly

  • 48 % Say neighbors are friendly

  • 44 % Say they plan to stay for at least 5 years

  • 43 % Say it's walkable to restaurants

  • 43 % Say it's quiet

  • 42 % Say there's wildlife

  • 40 % Say people would walk alone at night

  • 34 % Say it's walkable to grocery stores

  • 32 % Say streets are well-lit

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "We have family gatherings lots of kids runaround having fun playing and the park is walking distance and a good friendly neighborhood "
    0
    Flag
  • Trulia User
    "are able to walk the dogs freely people are friendly and all the dogs are very friendly no dogs are aggressive it is a really comfortable place to have your dog"
    0
    Flag
  • Trulia User
    "Most homes have fenced in back yards, and there are sidewalks so you don’t have to walk in the street."
    0
    Flag
  • Gee M.
    "Rhodes Park baseball season maryridges events westside clinic parades school 46 events with community "
    2
    Flag
  • Vlpeclet
    "Np at all in Neghibor hood People look out for each other’s especially if dogs get out Accidentally "
    0
    Flag
  • Jennifer T.
    "the traffic is ok until 3pm for rush hour. people drive like idiots in bad weather and nobody usually has insurance"
    0
    Flag
  • Robin Y.
    "I don’t know of any and have very heard of anyone , people have yard sales, that is all I know, we have a community center in the neighborhood they do events, and have a pantry, and they offer after school care I believe "
    0
    Flag
  • Amanda Jayne
    "I've always lived in this area. Just like everywhere else, we have our good people and bad people. There is a neighborhood center within walking distance. A park is just a few blocks away. There is a Family Dollar and Dollar General within walking distance."
    43
    Flag
  • Foreverstrong235
    "it is a nice neighborhood we like it very much but would love to expand our horizon.................... "
    1
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 1237 Shepard St

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Off Market Homes Near 1237 Shepard St

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Frequently asked questions about 1237 Shepard St

  • What is 1237 Shepard St estimated to be worth?
    Trulia's estimated value for 1237 Shepard St in Indianapolis, IN is $128,600.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $243K. That is up $9.18K from the prior month.
  • What do residents say about the West Indianapolis neighborhood?
    Residents describe the West Indianapolis neighborhood in Indianapolis, IN as well-kept, easy to park in, and pedestrian-friendly. See recently sold homes in West Indianapolis, Indianapolis.