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1120 E 30th Street Anderson, IN $ 339,000
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1120 E 30th Street
$ 339,000
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1120 E 30th Street

Anderson, IN, 46016
$ 339,000
Bedrooms-- Baths-- Sq 7,344

Monthly Estimate*

$ 2,087

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Commercial Property for sale in Anderson, IN

for $339,000. This 7,344 square foot building was built in 1928 on a lot size of 0.09.

Unlock significant cash flow and equity with this value-add 8-unit apartment building at 1120 E 30th St, Anderson, IN. Situated on a large, street-to-street 0.29-acre lot with mature trees on a quiet dead-end street, this all-brick, two-story building features a consistent footprint of eight 1-bedroom, 1-bathroom units, each offering 600 sq ft of functional living space with a living room, formal dining room, galley kitchen, and full bath. Five units are currently occupied, generating $3,750/mo in stable immediate income (rents ranging from $600-$900/mo). The remaining three vacant units require varying levels of renovation, presenting a prime opportunity to update and force appreciation. With market rents commanding up to $900/mo per unit, the potential gross monthly revenue is $7,200, positioning this asset to exceed the highly coveted 2% rule. Substantial operational upside exists: electricity and gas are separately metered, allowing a savvy investor to implement a utility bill-back strategy upon lease renewals to aggressively boost NOI. Additional revenue can be generated by adding coin-operated laundry to the basement. Securely designed with front and rear covered common entrances and interior hallways, the property boasts an excellent rental location just 5 minutes from downtown Anderson, Anderson University, and Harrah's Casino & Racetrack, and 10 minutes from Mounds State Park and major freeways. Capitalize on high rental demand. Sold strictly as-is, no seller financing.

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Commercial Active

Price

$ 339,000

Property Type

Commercial

Taxes

$ 100

Style

Multi-Family 5+

Lot Size

0.09

Year Built

1928

Town/City

Anderson

County/Region

Madison

MLS | Web ID

22098936
Features
General
Utilities Electricity Connected Natural Gas Connected Water Connected
Possession Closing Subject to Tenant Rights
Zoning R3
Architectural Style Traditional
Construction Materials Brick
Year Built 1928
Stories Count 2
Township Anderson
Levels Two
Property Subtype Multi-Family 5+
Tax Year 2025
Current Use Apt<20
Building Name ISENHOUR HILLS
Additional Parcels Description 48-12-19-204-161.000-003
County Madison
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City Anderson
High School District Anderson Community School Corp
Number Of Units Total 8
MLS Area 4810 - Madison - Anderson NW
Lot Size Square Feet 3920
Current Financing Other
Additional Parcels Y/N Y
Virtual Tour https://indy-realty-pics.aryeo.com/sites/emonjmjo/unbranded https://indy-realty-pics.aryeo.com/sites/1120-e-30th-st-anderson-in-46016-24358054/branded
Structure Type Apartment Building
Standard Status Active
Tax Lot 0
Legal Description Isenhours 1st 88.75' N Sd 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
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Exterior
Parking Features Common
Lot Features Storm Sewer Mature Trees
Building Area Total 7344
Lot Size Acres 0.09
Waterfront Y/N N
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Interior
Basement (Y/N) Y
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* Excluded Features
List By
Keller Williams Indpls Metro N

Broker

peter@peterstewartrealty.com

Email

Affordability Calculator

$2,096
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,087
Monthly Property Taxes
$8
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
6/5/2026 $339,000 Listed Price

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1120 E 30th Street, Anderson, IN, 46016 is a Commercial Property for sale at $339,000 with 7,344 sqft and a lot size of 0.09. 1120 E 30th Street was built in 1928. The property's zip code is 46016 which is in Anderson, IN

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