1732 Noble Street
Anderson, IN, 46016 $ 185,000
Baths0.0 Monthly Estimate*
$ 1,139
Studio for $185,000. This home was built in 1910 on a lot size of 0.15.
Two Homes - One Price | $7,500 Grant Eligible House Hack Rare opportunity to own two extensively updated single-family homes on one lot, creating flexibility that is extremely difficult to find at this price point. House Hack Opportunity This property is eligible for a $7,500 owner-occupant grant with no income restrictions, potentially covering most or all of your down payment and closing costs for qualified buyers. If house hacking is your goal, the next owner has the opportunity to move into one home while renting the other to offset the mortgage-without sharing a wall like a traditional duplex. Another option is to live next door to family or friends while maintaining completely separate homes and private living spaces. Investor Opportunity The property is currently leased for $1,700 per month in rental income ($850 per home) with tenants paying utilities, creating a simple low-expense rental setup. At the $185,000 list price, the property delivers approximately a 0.92% rent-to-price ratio. Current market rents for similar single-family homes are approximately $950-$1,000, providing a clear opportunity to increase rental income over time. Tenants have expressed interest in renewing their leases, offering the potential for continued stable occupancy for the next owner. You are effectively purchasing two renovated single-family homes for about $92,500 each, a price point where finding even one updated home is difficult-let alone two on the same lot. One home has been fully renovated down to the studs, including new drywall, flooring, kitchen, bathroom, and a full electrical rewire. Both homes have also received major improvements such as new roofs, many new windows, exterior updates, and separate electrical meters, helping minimize near-term maintenance. Two homes, rental income, house hack potential, and grant money available. Opportunities offering this level of flexibility and value are rarely available at this price point.
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FeaturesGeneralHeating Natural Gas Electric Baseboard
Possession Closing
Security Features Smoke Detector(s)
Construction Materials Stone
Year Built 1910
Tenant Pays All Utilities
View Trees/Woods
Township Anderson
Levels Two
Property Subtype Duplex
Tax Year 2024
Current Use Residential
County Madison
New Construction N
Property Type Residential Income
Subdivision Name No Subdivision
Status Active
Directions GPS Friendly
City Anderson
High School District Anderson Community School Corp
Number Of Units Total 2
MLS Area 4810 - Madison - Anderson NW
Lot Size Square Feet 6500
Standard Status Active
Tax Lot 036
Legal Description Jacksons Ol 0.0000Acres Str: 00000 Section: Plat: 22 In: Out:
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ExteriorExterior Amenities Storage Shed
Lot Size Acres 0.15
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* Excluded FeaturesList Byab.inspiredinvestments@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,139
- Monthly Property Taxes
- $75
- 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.
Learn more about how to save NearbyMulti-family listings in Anderson, IN
Average List Price $223,796
Percent of Sale Price 21%
About Anderson, IN 55,687 Population
-8% Since 2002
$ 35,343 Median Income
38.12 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4044991 Elementary School
4045006 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/16/2026 | $185,000 | | Listed Price |