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1627 Brown Street Anderson, IN $ 164,000
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1627 Brown Street
$ 164,000
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1627 Brown Street

Anderson, IN, 46016
$ 164,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,036

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Multi-Family Home for sale in Anderson, IN

for $164,000. This home was built in 1965 on a lot size of 0.1.

Excellent investment opportunity at 1627 Brown St in Anderson! Centrally positioned in Anderson. This recently renovated 4-unit apartment building offers immediate rental income along with additional upside potential. The property features four 1-bedroom, 1-bath units, with three units currently occupied and one unit vacant. Current gross rental income is approximately $1,625 per month, with the potential for significantly higher income once the vacant unit is leased and rents are optimized. This an attractive opportunity for an investor looking for a multifamily property with improvements already completed. With four income-producing units under one roof, recent improvements, current rental income, and additional income potential, this property offers a strong opportunity to add a multifamily asset to your portfolio. Don't miss this 4-unit investment property!

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Multi-Family Active

Price

$ 164,000

Property Type

Multi-Family

Taxes

$ 2,042

Style

Apartment Building

Lot Size

0.1

Year Built

1965

Town/City

Anderson

County/Region

Madison

MLS | Web ID

22127136
Features
General
Possession Subject To Tenant Rights
Roof Shingle
Security Features Smoke Detector(s)
Construction Materials Vinyl Siding
Year Built 1965
Township Anderson
Levels Two
Property Subtype Quadruplex
Tax Year 2025
Current Use Apt<20
County Madison
Net Operating Income 13097
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 4530
Property Attached Y/N N
Structure Type Apartment Building
Standard Status Active
Tax Lot 6
Legal Description Pt E2 Nw Plat 6-1 0.1040Acres Str: 13197 Section: Plat: 00 In: Out:
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Exterior
Exterior Amenities Other
Lot Features Access Busline Curbs Sidewalks
Lot Size Acres 0.1
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Interior
Basement (Y/N) Y
Laundry Features No Laundry Facil.
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* Excluded Features
List By
Keller Williams Indy Metro Partners

Broker

shoughton@kw.com

Email

Affordability Calculator

$1,206
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,036
Monthly Property Taxes
$170
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
4045006 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
9/20/2026 $164,000 Listed Price

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1627 Brown Street, Anderson, IN, 46016 is a Multi-Family Home for sale at $164,000 with a lot size of 0.1. 1627 Brown Street has 0.0 baths and was built in 1965. The property's zip code is 46016 which is in Anderson, IN

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