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    20 W 8Th St Anderson, IN 46016

    For Sale
    $210,000

    Duplex - Anderson, IN

    Type:Duplex
    Lot size:
    0.13 Acres
    Days on Market:
    163
    Last Refresh:
    Dec 12 at 12:06 am

    Property Features for 20 W 8Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Basement
    APN
    481112403032000003
    Parking features
    Assigned
    Basement Y/N
    1
    Lot size
    0.13 Acres

    Building Details

    Year built
    1885
    Number of units
    2
    Architectural style
    Other

    RE/MAX Real Estate Solutions (765) 640-1900 [email protected]

    Listing agent Nicholas Rodgers (765) 640-1900 License #RB14045221

    Listing date Jul 3, 2025

    MLS# 22044295 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

    Updated Downtown Duplex with Potential

    This downtown duplex, located at 20 & 22 W. 8th Street in Anderson, Indiana, offers significant potential for investors. The combined buildings feature 3,182 square feet of finished space. The property is zoned B-2, which allows for business, residential, mixed-use, and multiunit housing. The east side of the building includes a large full bath and washer-dryer hookups. Situated in the heart of downtown on W. 8th St., the property has served previous owners as a business. The lot size is 0.13 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -85.68002
    Latitude
    40.108063

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    FAQs

    What type of property is this?
    Duplex - Updated duplex with business, residential, and mixed-use zoning.
    Where is this duplex located?
    The property is located at 20 W 8Th St Anderson, IN.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: - Permissive B-2 zoning allows for business, residential, mixed-use, or multi-family development.; - Large 3,182 sq. ft. finished space ready for immediate use.; - Located in the heart of downtown on W. 8th St.
    (765) 640-1900
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    Anderson, IN 46016
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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
    20 W 8Th St Anderson, IN 46016
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