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2432 Main Street Anderson, IN $ 340,000
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2432 Main Street
$ 340,000
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2432 Main Street

Anderson, IN, 46016
$ 340,000
Bedrooms-- Baths-- Sq 3,984

Monthly Estimate*

$ 2,147

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Commercial Property for sale in Anderson, IN

for $340,000. This 3,984 square foot building was built in 1949 on a lot size of 0.07.

**Excellent Investment Opportunity - Well-Maintained 5-Unit Apartment Complex bringing in $4,000+ every month** Add this apartment complex to your investment portfolio and take advantage of all the upside and room for more equity! The property features four spacious 2 bedroom, 1 bath units and one studio apartment. All five units are currently tenant occupied, including one long term tenant who has been in place for more than 7 years, providing an established rental history and immediate income potential. Numerous updates have been completed within the past five years, including a new electrical panel and updated wiring throughout, new PEX plumbing throughout, and new vinyl windows. The furnaces and water heaters are newer, and roof is approximately 10 years old. The property does not have central air. (Tenants pay extra monthly for A/C window units) Additional income is generated from the coin operated laundry, which is conveniently available for tenant use and produces approximately $100-$200 per month. The attached garage also includes a storage area with significant additional potential. The space has existing water lines and has been plumbed for a bathroom, offering the possibility of converting the area into a sixth unit or creating additional rental/storage income, subject to applicable zoning, permits, and approvals. Conveniently located within walking distance of Kroger and close to public transportation, shopping, and everyday amenities. Street parking only. Financial information is available to serious, qualified buyers. **On-site tours of the apartments are available (with enough advance notice) for serious buyers with a pre-approval letter or proof of funds for cash purchases.** See additional rent info in agent to agent notes. Please do not disturb tenants. Please give minimum 48 hour response times on all offers.

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Commercial Active

Price

$ 340,000

Property Type

Commercial

Taxes

$ 2,196

Style

Multi-Family 5+

Lot Size

0.07

Year Built

1949

Town/City

Anderson

County/Region

Madison

MLS | Web ID

22121052
Features
General
Heating Forced Air
Cooling Window Unit(s)
Utilities Electricity Connected Natural Gas Connected
Possession Subject to Tenant Rights
Roof Shingle
Zoning residential
Architectural Style Traditional
Security Features Security Lights Smoke Detector(s)
Year Built 1949
Township Anderson
Levels Two
Property Subtype Multi-Family 5+
Tax Year 2025
Current Use Apt<20
County Madison
New Construction N
Property Type Commercial Sale
Possible Use Apt<20
Status Active
Directions GPS Friendly
City Anderson
High School District Anderson Community School Corp
Number Of Units Total 5
MLS Area 4810 - Madison - Anderson NW
Lot Size Square Feet 3049
Carport Spaces 0
Current Financing Exchange - 1031 Conventional FHA 203(k)
Middle/Junior High School Highland Middle School
Additional Parcels Y/N N
Structure Type Apartment Building
Standard Status Active
Tax Lot 48-11-13-404-073.000-003
Legal Description B H Gedges 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
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Exterior
Parking Features On Street
Building Area Total 3984
Lot Size Acres 0.07
Other Equipment Smoke Alarm
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Interior
Basement (Y/N) N
Laundry Features Main Level
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* Excluded Features
List By
Keller Williams Indy Metro Partners

Broker

emilyhuskey@kw.com

Email

Affordability Calculator

$2,330
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,147
Monthly Property Taxes
$183
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.
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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
8/21/2026 $340,000 Listed Price

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2432 Main Street, Anderson, IN, 46016 is a Commercial Property for sale at $340,000 with 3,984 sqft and a lot size of 0.07. 2432 Main Street was built in 1949. The property's zip code is 46016 which is in Anderson, IN

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