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403-405 W 5th Street Anderson, IN $ 114,900
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$ 114,900 Get more info
403-405 W 5th Street
$ 114,900
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403-405 W 5th Street

Anderson, IN, 46016
$ 114,900
Bedrooms5 Baths2.0 Sq 1,968

Monthly Estimate*

$ 707

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Multi-Family Home for sale in Anderson, IN

for $114,900 with 5 bedrooms and 2 full baths. This 1,968 square foot home was built in 1885.

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.

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Multi-Family Active

Price

$ 114,900

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,298

Style

Duplex

Year Built

1885

Town/City

Anderson

County/Region

Madison

MLS | Web ID

202613964
Features
General
Heating Gas Forced Air
Cooling None
Sewer City
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1885
New Construction No
Tenant Pays Electric Fuel Sewer Water
Subdivision Other
Style Two Story
Stories Count 2
Township Anderson
Class INVESTMENT
Type Duplex
Age 141
Net Income 13851.34
Rent Income 15900
Features Basement
REO No
Status Detail 0
Area Madison County
High School Anderson
City Anderson
School District Anderson Community
Total Sq Ft 2165
Elementary School Anderson
Middle School Highland
Legal Description HAZLETTS 96' N END L 131
Agent First Name Ryan
Agent Last Name Orr
DOM 3
Tax Year 2026
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Interior
Basement Crawl Partial Basement Unfinished
Flooring Other
Beds 5
Total Number of Units 2
Microwaves 0
Refrigerators 2
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 5
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 2
W/D Hookups 0
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Exterior
Exterior Other
Pool No
Number of Parking Spaces 4
Lot Size Area 6534
Lot Dimensions 72x96
Lot Description Level
Outbuilding None
Waterfront Y/N No
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* Excluded Features
List By
Ryan Orr

Listing Agent

Re/Max Real Estate Groups

Broker

ryan.orr@orrhomes.com

Email

Affordability Calculator

$816
Per Month
87%
13%
0%
Monthly Principal & Interest
$707
Monthly Property Taxes
$108
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
1237609 Elementary School
5156508 Middle School
Anderson High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/20/2026$114,900 Listed Price

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403-405 W 5th Street, Anderson, IN, 46016 is a Multi-Family Home for sale at $114,900 with 1,968 sqft. 403-405 W 5th Street has 5 bedrooms, 2.0 baths, and was built in 1885. The property's zip code is 46016 which is in Anderson, IN

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