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1422 Central Avenue Anderson, IN $ 240,000
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1422 Central Avenue
$ 240,000
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1422 Central Avenue

Anderson, IN, 46016
$ 240,000
Bedrooms-- Baths-- Sq 6,129

Monthly Estimate*

$ 1,515

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Commercial Property for sale in Anderson, IN

for $240,000. This 6,129 square foot building was built on a lot size of 0.24.

Investment opportunity featuring seven residential units divided between two buildings. Five units are currently occupied under written leases, generating a total of $3,665 per month in current rent. Two vacant units offer immediate value-add and additional income potential, with further potential for future rent increases. Convenient downtown location near shopping, employment and local amenities. Property is being sold subject to existing leases and tenants' rights. Rent roll and lease information are available.

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Commercial Active

Price

$ 240,000

Property Type

Commercial

Taxes

$ 2,682

Style

Multi Family

Lot Size

0.24

Town/City

Anderson

County/Region

Madison

MLS | Web ID

22127214
Features
General
Heating Natural Gas Wall Furnace
Cooling None
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Subject To Tenant Rights
Zoning Residential
Architectural Style Craftsman
Construction Materials Aluminum Siding Brick
Township Anderson
Levels Two
Property Subtype Multi Family
Tax Year 2025
Current Use Apt<20 Residential
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 7
MLS Area 4810 - Madison - Anderson NW
Lot Size Square Feet 10368
Property Attached Y/N N
Middle/Junior High School Highland Middle School
Standard Status Active
Tax Lot 6
Legal Description Andrew Jackson's 1st Addn Lot 6 Blk 5
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Exterior
Exterior Amenities Storage Shed
Building Area Total 6129
Lot Size Acres 0.24
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Interior
Basement (Y/N) Y
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* Excluded Features
List By
Re/Max Real Estate Solutions

Broker

Candy@candybair.com

Email

Affordability Calculator

$1,739
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,515
Monthly Property Taxes
$224
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
9/22/2026 $240,000 Listed Price

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1422 Central Avenue, Anderson, IN, 46016 is a Commercial Property for sale at $240,000 with 6,129 sqft and a lot size of 0.24. The property's zip code is 46016 which is in Anderson, IN

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