403-405 W 5th Street, Anderson, IN 46016
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403-405 W 5th Street, Anderson, IN 46016
403-405 W 5th Street, Anderson, IN 46016
403-405 W 5th Street, Anderson, IN 46016
403-405 W 5th Street, Anderson, IN 46016
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Sarah Mast

Sarah Mast

+1(765) 618-0155
$ 114,900
Est. payment /mo
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Active

403-405 W 5th Street Anderson, IN 46016

5 Beds

2 Baths

1,968 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,968 sqft

MLS Listing ID 202613964

Style Two Story

Bedrooms 5

Full Baths 2

Abv Grd Liv Area 1,968

Total Fin. Sqft 1968

Year Built 1885

Annual Tax Amount $750

Tax Year 2026

Lot Size 6,534 Sqft

Property Sub-Type Duplex

Property Description

This package features three consistently high-demand rental duplex properties (6 units) situated in the Anderson, IN market. The portfolio offers a secure, well-managed investment with immediate upside potential. Stable Income Stream: The properties demonstrate strong, reliable cash flow, supported by excellent historical rent collection and exceptional occupancy rates (minimal historical vacancy). Turnkey Efficiency: Current owners have meticulously maintained the units, significantly minimizing the need for immediate Capital Expenditure (CapEx). Value-Add Opportunity: Current rents are below prevailing market rates for comparable local properties, providing a clear path for substantial income growth through gradual rent increases to achieve market value. Tenant Stability: Due to diligent maintenance, the properties have high long-term tenant satisfaction, contributing to low turnover. Seller will sell individually or as a group-addresses: 403-405 W 5th St, 615-615 1/2 Madison and 1815 - 1815 1/2 Fletcher.

Location

State IN

County Madison County

Area Madison County

Direction GPS Friendly

Rooms

Family Room 625

Dining Room 0 x 700

Interior

Flooring Other

Appliance Building, Lease

Laundry , 4

Exterior

Garage Spaces 1.0

Amenities Available Basement

Total Parking Spaces 4

Building

Lot Description Level

Story 2

Structure Type Other

New Construction No

Schools

Elementary Schools Anderson

Middle Schools Highland

High Schools Anderson

School District Anderson Community

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS
Listed by Ryan Orr • RE/MAX Real Estate Groups • Cell: 765-744-9500
Sarah Mast

Sarah Mast

Broker | License ID: RB15001552

+1(765) 618-0155

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403-405 W 5th Street