Updated Triplex With Detached
New
For Sale
$225,000
2231 Lincoln Street, Anderson, IN 46016
MULTI_FAMILY - Anderson, IN
Property SizeContact for details
Lot Size0.16 Acres
Days on Market5
Property Features for 2231 Lincoln Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Basement
Storage Space
Subdivision
No Subdivision
Middle school
Highland Middle School
Elementary school district
Anderson Community School Corp
Middle school district
Anderson Community School Corp
High school district
Anderson Community School Corp
Directions
GPS Friendly
Standard status
Active
APN
481113304153000003
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
V G Mc Donalds 1st 0.0000Acres Str: 00000 Section: Plat: 20 In: Out:
Legal Description
V G Mc Donalds 1st 0.0000Acres Str: 00000 Section: Plat: 20 In: Out:
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s)
Amenities
basement storage
washer/dryer hookups
Building Details
Year built
1947
Number of units
3
Listing Agency:
Real Broker, LLC
(317) 794-2827
Listed By:
Eric Lewis · License #RB21000404
(317) 614-5445
Added: Aug 7
Changed: Aug 8
Last Checked: Aug 11 at 5:06PM
MLS# 22118992
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.
Investment Insights
Based on property information with market context.
This 1947 triplex contains three one-bedroom, one-bath residences, including a detached accessory dwelling unit for the third apartment. The property has received recent improvements such as a newer roof, exterior paint, lighting, gutters, interior paint, flooring, appliances, and water heaters. The first two units include basement areas with additional storage and washer-dryer hookups. Heating is provided by natural gas and forced air, with window-unit cooling.
All three apartments are leased under one-year terms, and residents pay their own utilities other than water. The property occupies 0.16 acres at 2231 Lincoln Street in Anderson, Indiana. Current operating metrics include a 7.35 Gross Rent Multiplier and a 12.29% cap rate.
All three apartments are leased under one-year terms, and residents pay their own utilities other than water. The property occupies 0.16 acres at 2231 Lincoln Street in Anderson, Indiana. Current operating metrics include a 7.35 Gross Rent Multiplier and a 12.29% cap rate.
Key Highlights
- Three 1‑bedroom, 1‑bath units, including a detached accessory dwelling unit
- All units leased on one‑year terms
- Recent updates include roof, gutters, exterior lighting, paint, flooring, appliances, and water heaters
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
Explore this area
Business Placement
Demographics for 46016, IN
17,686
Population
9,225
Households
1.9
Avg Household Size
36
Median Age
10%
College-Educated
80%
High-School Grad
6.4 sq mi
ZIP Area
2,763
Density / Sq Mi
$35,543
Median Household Income
$28,753
Median Earnings
$864
Median Rent
$66,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Recently improved three-unit property with leased apartments, separate utility responsibility, and basement storage in two units.
Where is this triplex located?
The property is located at 2231 Lincoln Street Anderson, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bath units, including a detached accessory dwelling unit; All units leased on one‑year terms; Recent updates include roof, gutters, exterior lighting, paint, flooring, appliances, and water heaters
