4347 W State Road 32 Anderson, IN $ 199,500
4347 W State Road 32
$ 199,500
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4347 W State Road 32

Anderson, IN, 46011
$ 199,500
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,378

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Multi-Family Home for sale in Anderson, IN

for $199,500. This home was built in 1972 on a lot size of 0.31.

All-brick ranch duplex on a 0.31-acre lot along State Road 32, backing up to open farmland. Each unit has two bedrooms, one full bath, a living room, a kitchen, and a utility room with its own furnace and water heater. Each side also has a private carport and covered front walk, and a circle drive serves both units. Recent updates include a new roof and a new A/C in 4347. Both kitchens include a range and refrigerator, and the 4347 kitchen has vinyl plank flooring. Built in 1972 with central heat and air, in the Frankton-Lapel school district. Both units are tenant-occupied, and a local property management company currently manages the leases, so a buyer can start receiving rental income on day one. Qualified buyers can request to review lease, rent, and utility details.

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Multi-Family Active

Price

$ 199,500

Property Type

Multi-Family

Taxes

$ 3,352

Style

Ranch

Lot Size

0.31

Year Built

1972

Town/City

Anderson

County/Region

Madison

MLS | Web ID

22132245

Features
General
Heating Forced Air
Cooling Central Air
Possession Negotiable Subject To Tenant Rights
Architectural Style Ranch
Construction Materials Brick
Year Built 1972
Tenant Pays Electricity Gas Trash Collection
Township Stony Creek
Levels One
Property Subtype Duplex
Tax Year 2025
Current Use Residential
County Madison
Net Operating Income 12005
Insurance Expense 1228
New Construction N
Property Type Residential Income
Subdivision Name No Subdivision
Facing Direction North
Possible Use Residential
Status Active
Directions GPS Friendly
High School Lapel Sr High School
City Anderson
High School District Frankton-Lapel Community Schools
Number Of Units Total 2
MLS Area 4809 - Madison - StonyCreek
Lot Size Square Feet 13286
Carport Spaces 2
Elementary School Lapel Elementary School
Property Attached Y/N N
Current Financing Conventional FHA VA
Middle/Junior High School Lapel Middle School
Additional Parcels Y/N N
Structure Type Duplex
Standard Status Active
Tax Lot N/A
Legal Description Sw Ne 0.3050Acres Str: 17197 Section: Plat: 00 In: Out:
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Exterior
Parking Features Carport Attached
Lot Features Not In Subdivision Rural - Not Subdivision Trees-Small (Under 20 Ft)
Foundation Details Crawl Space
Lot Size Acres 0.31
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type Highway State Road
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Interior
Basement (Y/N) N
Laundry Features Laundry Room
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* Excluded Features
List By
Exp Realty, Llc

Broker

kevin@kevinmajeski.com

Email

Affordability Calculator

$1,657
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,378
Monthly Property Taxes
$279
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4048582 Elementary School
4048580 Middle School
Lapel Sr High School High School
Pricing History
DatePricePrice ChangeDescription
10/29/2026$199,500 Listed Price

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4347 W State Road 32, Anderson, IN, 46011 is a Multi-Family Home for sale at $199,500 with a lot size of 0.31. 4347 W State Road 32 has 0.0 baths and was built in 1972. The property's zip code is 46011 which is in Anderson, IN