USAINAndersonOther403-405 W 5Th Street
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403-405 W 5th Street, Anderson, IN

Real Estate

For Sale

Listed price in listed location currency (USD).
$114,900

524

MLS® 202613964

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 1968 sqft
Garage No
HOA Fees 
Taxes $1,299
Days Active 4
Approx. Age 1885
Avg. Price Per Sqft $58
MLS® Number 202613964

Property Address: 403-405 W 5th Street, Anderson, IN, 46016

Average square foot calculated using Size range provided by listing agent.

Description

This package features six consistently high-demand rental duplex properties (12 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, 1105-1107 W 11th St, 1109-1111 W 11th St, 1303-1305 Sycamore, 615-615 1/2 Madison and 1815 - 1815 1/2 Fletcher.
MLS® Number202613964
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1885
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Building, Lease

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 20, 2026List Date
$114,900List Price
  • Commute

Commute

Starting Address
Destination Address
403-405 W 5th Street, Anderson, IN

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