Agent D.J. Hundley said Sledge, 24, was located on Carver Street shortly after 3:30 p.m.
He was served warrants based on a search of a Luke Street residence Thursday.
Sledge faces charges of felony possession of cocaine, possession with intent to sell and deliver cocaine, maintaining a dwelling to keep a controlled substance and possession of drug paraphernalia.
Sledge was given a $5,000 secured bond and April 22 court date.