1002 E 7th Street Anderson, IN $ 1,790,000
1002 E 7th Street
$ 1,790,000
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1002 E 7th Street

Anderson, IN, 46012
$ 1,790,000
Bedrooms-- Baths-- Sq 17,274

Monthly Estimate*

$ 11,021

1002 E 7th Street, Anderson, IN 46012 - Image 1
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1002 E 7th Street, Anderson, IN 46012 - Image 10

Commercial Property for sale in Anderson, IN

for $1,790,000. This 17,274 square foot building was built in 1988.

Located just steps from the vibrant campus of Anderson University, this rare portfolio of 10 well-maintained condominiums presents a premier investment opportunity in the heart of Anderson, Indiana. Each unit is currently fully occupied, with strong tenant demand and a waitlist of prospective renters - underscoring the property's desirability and consistent income potential. Boasting a Net Operating Income of $127,000 annually, this asset offers investors immediate cash flow with long-term upside in a growing rental market. The property has been professionally maintained, requiring minimal ongoing capital investment, and benefits from a location that ensures continued tenant interest from students, faculty, and local professionals. Whether you're expanding your portfolio or entering the multifamily market, this stable, income-producing asset delivers both performance and peace of mind.

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Commercial Active

Price

$ 1,790,000

Property Type

Commercial

Taxes

$ 2,558

Style

Multi-Family 5+

Year Built

1988

Town/City

Anderson

County/Region

Madison

MLS | Web ID

22056949

Features
General
Cooling Central Air
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Closing
Zoning R-4 & B-1
Garage Spaces 2
Year Built 1988
Tenant Pays All Utilities
Stories Count 1
Township Anderson
Levels One
Property Subtype Multi-Family 5+
Tax Year 2024
Current Use Apt>20
Building Name University Terrace
County Madison
Net Operating Income 127450
Operating Expense 64550
Insurance Expense 16570
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City Anderson
High School District Anderson Community School Corp
Number Of Units Total 10
MLS Area 4810 - Madison - Anderson NW
Middle/Junior High School Highland Middle School
Structure Type Apartment Complex
Standard Status Active
Tax Lot 48-12-07-304-132.000-003
Cap Rate 637
Legal Description Frees Park Place 64' W Pt 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
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Exterior
Parking Features Attached
Foundation Details Crawl Space
Building Area Total 17274
Lot Size Acres 0
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Interior
Laundry Features Laundry Room
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* Excluded Features
List By
Kaiser Real Estate Corp.

Broker

joshua.hoeft@svn.com

Email

Affordability Calculator

$11,235
Per Month
98%
2%
0%
Monthly Principal & Interest
$11,021
Monthly Property Taxes
$213
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044991 Elementary School
4490853 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/18/2025$1,790,000 -10.50% Price Down
8/22/2025$1,999,995 Listed Price

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1002 E 7th Street, Anderson, IN, 46012 is a Commercial Property for sale at $1,790,000 with 17,274 sqft. 1002 E 7th Street was built in 1988. The property's zip code is 46012 which is in Anderson, IN