120 W 5th Street, Anderson, IN 46016

Building Details

Year built

1876

Floors in Building

2

Number of units

3

Listing agent Michael Nauman License #RB22002327 Show Phone

Listing office RE/MAX Advanced Realty d***@advancedrealtyllc.com W 10th St 8313, Indianapolis, IN Show Phone

Listing date Jul 11, 2025

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MLS# 22049939 Listing URL

Copyright © 2026 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.

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Overview

This updated duplex at 120 W 5th Street is set up with three spacious units in place, featuring vintage details and abundant natural light. Each unit includes a kitchen and washer/dryer hookups, along with bedroom(s), supporting a flexible living or rental arrangement. A third unit is already within the home, and the property can be readily converted into a triplex configuration depending on how you want to operate it.

The property is located just steps from downtown Anderson, providing convenient access to local shops, dining, and amenities. Its setting supports use cases where tenants or guests benefit from proximity to everyday destinations.

For investors and owner-occupants, the layout offers practical versatility. You can consider house-hacking by living in one unit while renting the others, or pursue a short-term rental strategy for guests who want to be close to downtown. With kitchens and washer/dryer hookups already in each unit, it is designed to function as separate, independently usable spaces whether you operate as a duplex or convert to a triplex.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

Location Insight

• Map
• Local Demand

City

Anderson

County

Madison

State

Indiana

Longitude

-85.681109

Latitude

40.111033

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FAQs

What type of property is this?

Triplex - Updated duplex with three unit options, each featuring a kitchen, washer/dryer hookup, and bedrooms.

Where is this triplex located?

The property is located at 120 W 5th Street Anderson, IN.

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: Updated duplex at 118 and 120 W Fifth Street, just steps from downtown Anderson; Year built 1876 with vintage details and abundant natural light; Versatile layout with three spacious units, with the option to convert to a triplex