Six-Unit Duplex
For Sale
$114,900
403-405 W 5th Street, Anderson, IN 46016
INVESTMENT, Two Story, Anderson, IN
Property Size1,968 SF
Lot Size0.15 Acres
Price / SF$58.38
Days on Market139
Property Features for 403-405 W 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Basement, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5
Parking
4
Lot features
Level
Elementary school
Anderson
Middle school
Highland
High school
Anderson
Elementary school district
Anderson Community
Middle school district
Anderson Community
High school district
Anderson Community
Directions
GPS Friendly
Subdivision
Madison County
Standard status
Active
APN
48-11-12-301-139.000-003
Size
1,968 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
HAZLETTS 96' N END L 131
Tax Annual Amount
750
Legal Description
HAZLETTS 96' N END L 131
Building Details
Year built
1885
Floors in Building
2
Number of units
2
Architectural style
Other
Listing Agency:
RE/MAX Real Estate Groups · RE/MAX International
(765) 288-0400
Listed By:
Ryan Orr · License #RB14034624
(765) 744-9500
Added: Apr 17
Changed: Sep 2
Last Checked: Sep 2 at 3:06PM
MLS# 202613964
Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. 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 offering combines three duplex properties totaling six rental units in Anderson, Indiana. The portfolio includes the properties at 403-405 W 5th Street, 615-615 1/2 Madison, and 1815-1815 1/2 Fletcher. One reported property measures 1,968 square feet on 0.15 acres and dates to 1885.
The units have been maintained by the current owners, with limited immediate capital work indicated. Historical occupancy has been strong, and rents are reported below prevailing levels for comparable local properties. The seller will consider an individual sale or a group transaction. The properties are located in the 46016 ZIP code within Madison County.
The units have been maintained by the current owners, with limited immediate capital work indicated. Historical occupancy has been strong, and rents are reported below prevailing levels for comparable local properties. The seller will consider an individual sale or a group transaction. The properties are located in the 46016 ZIP code within Madison County.
Key Highlights
- Three duplex properties offered as a six‑unit portfolio
- 1,968 square feet on 0.15 acres for one reported property
- Built in 1885
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
827
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Three maintained duplex properties with established occupancy and below-market rents across Anderson’s 46016 area.
Where is this duplex located?
The property is located at 403-405 W 5th Street Anderson, IN.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: Three duplex properties offered as a six‑unit portfolio; 1,968 square feet on 0.15 acres for one reported property; Built in 1885
