817 W 5th Street
Anderson, IN, 46016 $ 225,000
Bedrooms5 Baths2.0 Sq 3,454 Monthly Estimate*
$ 1,421
for $225,000 with 5 bedrooms and 2 full baths. This 3,454 square foot home was built in 1890 on a lot size of 0.15.
Space, style, and investment potential come together in this beautifully updated 5-bedroom, 2-bath home offering nearly 2,900 square feet of living space. With extensive improvements already completed and a tenant in place, this property offers an attractive opportunity for investors seeking a spacious, stabilized rental. The main level features both a generous living room and separate family room, providing flexible spaces for entertaining, relaxing, or working from home. Two spacious bedrooms and a remodeled full bathroom are conveniently located on the main level. The updated kitchen serves as the heart of the home, with modern finishes and an open layout that flows into a welcoming dining area ideal for everyday meals and gatherings. Upstairs, you'll find three additional bedrooms and a second remodeled full bathroom, providing plenty of room and a versatile floor plan. Major improvements include the roof, siding, windows, HVAC system, and flooring, giving the next owner peace of mind while minimizing the need for immediate capital improvements. Outside, a wood deck provides additional living space for grilling, entertaining, or enjoying the backyard. Currently tenant-occupied and generating $2,100 per month in rental income, or $25,200 annually. The current lease runs through March 30, 2027, providing immediate rental income for the next owner. A great opportunity to add a large, updated rental property to your portfolio with high income already in place. Can also be combined with MLS 22120318. Tenant occupied. The seller will allow interior showings after an offer is accepted. Please do not disturb the tenant.
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FeaturesInteriorInterior Amenities Attic Stairway Paddle Fan Wood Work Painted
Basement Unfinished
Total Fireplaces 1
Fireplace Features Other
Basement (Y/N) Y
Half Baths 0
Total Bedrooms 5
Below Grade Finished Area 0
Main Level Bedrooms 2
Total Baths 2
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GeneralHeating Forced Air Natural Gas
Cooling Central Air
Possession Negotiable
Appliances Dishwasher Disposal MicroHood Electric Oven Refrigerator
Patio/Porch Features Covered Deck
Architectural Style Victorian
Construction Materials Vinyl Siding
Year Built 1890
Township Anderson
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
County Madison
New Construction N
Property Type Residential
HOA N
Subdivision Name Fairgrounds
Garage Y/N N
Total Rooms 9
Full Baths 2
Status Active
Directions GPS Friendly
City Anderson
High School District Anderson Community School Corp
MLS Area 4810 - Madison - Anderson NW
Lot Size Square Feet 6480
Property Attached Y/N N
Property Condition Updated/Remodeled
Virtual Tour https://www.tourfactory.com/idxr3222968 https://www.tourfactory.com/3222968
Standard Status Active
Tax Lot 0
Legal Description Fair Grounds Cont 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
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ExteriorFencing Partial Privacy
Parking Features Detached
Lot Features Sidewalks Mature Trees
Water Source Public
Foundation Details Cellar Crawl Space Partial
Building Area Total 3454
Lot Size Acres 0.15
Other Equipment Smoke Alarm
Horse Amenities None
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* Excluded FeaturesList ByRed Hot, Realtors LlcBroker
Jamie@RedHotRealtors.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,421
- Monthly Property Taxes
- $89
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 NearbySingle family listings in Anderson, IN
Average List Price $215,399
Percent of Sale Price 4%
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 |
|---|
| 7/9/2026 | $225,000 | | Listed Price |