702 W 5th Street Anderson, IN ^$ 178,000

702 W 5th Street

^$ 178,000

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Recently Listed

702 W 5th Street

Anderson, IN, 46016

^$ 178,000

Studio Baths0.0

Monthly Estimate*

^$ 1,096

Studio

Multi-Family Home for sale in Anderson, IN

for $178,000. This home was built in 1905 on a lot size of 0.13.

This 4-unit property encompasses 2000 square feet of living area. The substantial 5760 square foot corner lot. Three of the four units are rented, The property has been nicely updated with newer flooring, lighting, and paint. Great ROI potential!

Multi-Family Active

Price

^$ 178,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,462

Style

Traditional

Lot Size

0.13

Year Built

1905

Town/City

Anderson

County/Region

Madison

MLS | Web ID

22088211

Features

General

Possession Negotiable

Architectural Style Traditional

Construction Materials Vinyl Siding

Year Built 1905

Township Anderson

Levels Two

Property Subtype Quadruplex

Tax Year 2024

Current Use Residential

County Madison

New Construction N

Property Type Residential Income

Subdivision Name Howards

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 5760

Property Attached Y/N N

Structure Type Quadruplex

Standard Status Active

Tax Lot 13

Legal Description Howards Pt E 40' Lot 13

Exterior

Parking Features Gravel

Lot Features Corner Lot

Foundation Details Block Slab

Lot Size Acres 0.13

Road Frontage Type City Street

Interior

Basement (Y/N) Y

Laundry Features No Laundry Facil.

* Excluded Features

List By

Weightman Realty Group, Llc

Broker

weightmanrealty@aol.com

Affordability Calculator

$1,218

Per Month

Monthly Principal & Interest: $1,096
Monthly Property Taxes: $122
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Multi-family listings in Anderson, IN

Average List Price ^$229,215

Percent of Sale Price 29%

About Anderson, IN

55,687 Population

-8% Since 2002

^$35,343 Median Income

38.12 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4044991 Elementary School

4045006 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/12/2026	$178,000		Listed Price

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702 W 5th Street, Anderson, IN, 46016 is a Multi-Family Home for sale at $178,000 with a lot size of 0.13. 702 W 5th Street is a studio with 0.0 baths and was built in 1905. The property's zip code is 46016 which is in Anderson, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

Property information provided courtesy of the Internet Exchange Program of the Metropolitan Indianapolis Board of REALTORS® Broker Listing Cooperative® listing service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 3/13/2026.

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702 W 5th Street

Multi-Family Home for sale in Anderson, IN

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