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Renovated Duplex
For Sale
$137,000

421 W 7th, Anderson, IN 46016

Residential Income, Anderson, IN

Property SizeContact for details
Lot Size0.24 Acres
Days on Market31

Property Features for 421 W 7th

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Basement
Subdivision No Subdivision
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 481112304046000003
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Hazletts Ol Lot 7 (0.24Ac)
Legal Description Hazletts Ol Lot 7 (0.24Ac)

Utilities

Heating system Forced Air

Building Details

Year built 1900
Number of units 2
Listing Agency: Keller Williams Indy Metro Partners · Keller Williams Realty
Listed By: Stuart Houghton · License #RB17002210
Added: Jul 29 Changed: Aug 20 Last Checked: Aug 28 at 9:06AM
MLS# 22117035

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 duplex contains two residential units, including an upper unit that is currently vacant and a second unit that is occupied. Interior and exterior renovation work has been completed, and the property includes forced-air heating and a basement.

Built in 1900, the home sits on a 0.24-acre lot at 421 W 7th in Anderson’s historic district. The two-unit configuration provides a separate upper-level residence alongside the occupied unit.

Key Highlights

  • Two‑unit duplex with one vacant upper unit and one occupied unit
  • Interior and exterior renovation work completed
  • 0.24‑acre lot in Anderson’s historic district

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Cafe & Coffee Shop Electrical Service Storage Facility Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

827
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property with one vacant upper unit and one occupied unit in Anderson’s historic district.
Where is this duplex located?
The property is located at 421 W 7th Anderson, IN.
What is the asking price?
The asking price for this property is $137,000.
What are key features of this property?
This property features: Two‑unit duplex with one vacant upper unit and one occupied unit; Interior and exterior renovation work completed; 0.24‑acre lot in Anderson’s historic district
More about this property
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