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1628 W 8th Street Anderson, IN $ 198,000
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$ 198,000 Get more info
1628 W 8th Street
$ 198,000
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1628 W 8th Street

Anderson, IN, 46016
$ 198,000
Baths0.0

Monthly Estimate*

$ 1,219

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Studio

Multi-Family Home for sale in Anderson, IN

for $198,000. This home was built in 1936 on a lot size of 0.14.

$7,500 Grant + Brick Triplex - House Hack or Cash Flow Opportunity like this doesn't come around often. This solid brick triplex listed at $198,000 previously generated $2,650/month in rent, delivering approximately a 1.34% rent-to-price ratio. For owner-occupants, the property is eligible for a $7,500 grant with no income restrictions, potentially covering most or all of your down payment and then some for qualified buyers-making this an exceptional house hacking opportunity. The building includes three units, with two currently vacant, allowing the next owner to move in and select their preferred unit or place new tenants at market rent. Units are currently being turned and will be marketed for rent during market time, creating immediate upside potential. All three units were renovated in 2025, including many new windows, giving the property a fresh feel while minimizing near-term capital expenses. Tenants pay all utilities and handle lawn care, keeping operating costs low for the owner. A two-car garage offers additional rental income potential, further increasing the property's cash flow. Brick construction, recent renovations, flexible occupancy, and grant money available-this is a rare opportunity for both investors and house hackers.

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Multi-Family Active

Price

$ 198,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 878

Style

Lot Size

0.14

Year Built

1936

Town/City

Anderson

County/Region

Madison

MLS | Web ID

22089294
Features
General
Possession Closing
Garage Spaces 2
Year Built 1936
Township Anderson
Property Subtype Triplex
Tax Year 2024
Current Use Apt<20
County Madison
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 3
MLS Area 4810 - Madison - Anderson NW
Lot Size Square Feet 6210
Standard Status Active
Tax Lot 004
Legal Description Bernards 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
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Interior
Basement (Y/N) Y
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Exterior
Lot Size Acres 0.14
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* Excluded Features
List By
Inspired Realty

Broker

ab.inspiredinvestments@gmail.com

Email

Affordability Calculator

$1,292
Per Month
94%
6%
0%
Monthly Principal & Interest
$1,219
Monthly Property Taxes
$73
Monthly 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
4044991 Elementary School
4045006 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
3/15/2026 $198,000 Listed Price

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1628 W 8th Street, Anderson, IN, 46016 is a Multi-Family Home for sale at $198,000 with a lot size of 0.14. 1628 W 8th Street is a studio with 0.0 baths and was built in 1936. The property's zip code is 46016 which is in Anderson, IN

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