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121 W 13th Street Anderson, IN $ 225,000
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$ 225,000 Get more info
121 W 13th Street
$ 225,000
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121 W 13th Street

Anderson, IN, 46016
$ 225,000
Baths0.0

Monthly Estimate*

$ 1,385

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Studio

Multi-Family Home for sale in Anderson, IN

for $225,000. This home was built in 1900 on a lot size of 0.14.

$3,025/Month Quadplex | Fully Renovated in 2025 | $7,500 Grant Eligible Rare opportunity to own a fully renovated quadplex generating $3,025 in monthly rental income, with tenants paying all utilities, creating a low-expense investment with strong cash flow potential. The property is fully leased with stable tenants, providing immediate income from day one. 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. Owner-occupants can live in one unit while the remaining units help offset the mortgage, creating a powerful opportunity to build equity while significantly reducing monthly housing costs. Investor Opportunity With $3,025 in monthly rent ($36,300 annually), the property delivers approximately a 1.34% rent-to-price ratio at the $225,000 list price, a metric experienced investors actively seek. Tenants pay all utilities, helping keep operating costs low. The building was fully renovated in 2025, including a new roof and many new windows, along with extensive interior improvements throughout the units. These updates help minimize near-term maintenance while providing attractive living spaces for tenants. Additional Investment Opportunity: The same owner is also selling a duplex just two houses down at 131 W 13th St, creating a rare opportunity for investors to add six units within the same block to their portfolio. Strong rental income, major renovations, stable tenants, and house hack eligibility make this property a standout opportunity for both investors and owner-occupants.

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Multi-Family Active

Price

$ 225,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,066

Style

Quadruplex

Lot Size

0.14

Year Built

1900

Town/City

Anderson

County/Region

Madison

MLS | Web ID

22089489
Features
General
Heating Wall Furnace
Possession Closing
Construction Materials Wood With Stone
Year Built 1900
Township Anderson
Levels Two
Property Subtype Quadruplex
Tax Year 2024
Current Use Apt<20
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 4
MLS Area 4810 - Madison - Anderson NW
Lot Size Square Feet 6055
Middle/Junior High School Highland Middle School
Structure Type Quadruplex
Standard Status Active
Tax Lot 002
Legal Description Wards 42' E Sd 0.0000Acres Str: 00000 Section: Plat: 23 In: Out:
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Interior
Basement Cellar Unfinished
Basement (Y/N) Y
Laundry Features No Laundry Facil.
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Exterior
Parking Features Alley Access
Lot Features Access Busline City Lot Curbs Sidewalks Street Lights
Lot Size Acres 0.14
Road Frontage Type City Street
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* Excluded Features
List By
Inspired Realty

Broker

ab.inspiredinvestments@gmail.com

Email

Affordability Calculator

$1,474
Per Month
94%
6%
0%
Monthly Principal & Interest
$1,385
Monthly Property Taxes
$89
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
See complete school information
Pricing History
Date Price Price Change Description
3/16/2026 $225,000 Listed Price

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121 W 13th Street, Anderson, IN, 46016 is a Multi-Family Home for sale at $225,000 with a lot size of 0.14. 121 W 13th Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 46016 which is in Anderson, IN

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