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Listed by Ryan Orr • RE/MAX Real Estate Groups • Cell: 765-744-9500
$114,900
Est. payment /mo
5 Beds
2 Baths
1,968 SqFt
Active
403-405 W 5th Street Anderson, IN 46016
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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
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.
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