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    1002 E 7Th St Anderson, IN 46012

    For Sale
    $1,999,995

    Multi-Family 5+ - Anderson, IN

    Property size:
    17,274 SF
    Days on Market:
    95
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 1002 E 7Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-4 & B-1
    APN
    481207304132000003
    Size
    17,274 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Number of units
    10
    Architectural style
    Other

    Coldwell Banker Kaiser (317) 844-1131 [email protected]

    Listing agent Joshua Hoeft (317) 843-8446

    Listing date Sep 2, 2025

    MLS# 22056949 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Anderson Investment Opportunity Near University

    This portfolio of 10 well-maintained condominiums is located steps from the campus of Anderson University, in Anderson, Indiana. The property, zoned R-4 & B-1, offers an investment opportunity in the heart of the city. Each unit is currently fully occupied, with tenant demand and a waitlist of prospective renters. The property has been professionally maintained and benefits from a location that ensures continued tenant interest from students, faculty, and local professionals. The property has a Net Operating Income of $127,000 annually. The property contains 17274 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.666821
    Latitude
    40.109084

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    FAQs

    What type of property is this?
    Apartment building - Portfolio of 10 condominiums near Anderson University with strong income.
    Where is this apartment building located?
    The property is located at 1002 E 7Th St Anderson, IN.
    What is the asking price?
    The asking price for this property is $1,999,995.
    What are key features of this property?
    This property features: - Premier investment opportunity with a Net Operating Income of $127,000 annually.; - Located steps from Anderson University, ensuring high tenant demand.; - Portfolio of 10 fully occupied condominiums.
    (317) 843-8446
    Request Owner's contact information
    1002 E 7Th St Anderson, IN 46012
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    Anderson, IN 46012
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1002 E 7Th St Anderson, IN 46012
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