615 - 615 1/2 Madison Avenue Anderson, IN 46016
New
Duplex - Anderson, IN
Type:Duplex
Property size:
1,952 SFLot size:
0.14 AcresPrice / SF:
$57/SF- Added:
- Apr 17, 2026
- Days on Market:
- 6
- Last Refresh:
- Apr 22 at 12:06 am
Property Features for 615 - 615 1/2 Madison Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
- Patio and Porch features
- Porch
- EntryLevel
- Upper,Main
- Exterior features
- Porch Covered, None
- Appliances
- Range
- Standard status
- Active
- APN
- 48-11-11-401-119.000-003
- Size
- 1,952 SF
- Lot size
- 0.14 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Other
- Building materials
- Other
- Architectural style
- Other
Listing agent Ryan Orr License #RB14034624 (765) 744-9500
Listing office RE/MAX Real Estate Groups 2200 W McGalliard, Muncie, IN (765) 288-0400
Listing date Apr 17, 2026
MLS# 202613954
Listing URL
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.
Overview
Anderson Duplex Investment Opportunity
This package features six rental duplex properties, totaling 12 units, located in Anderson, IN. The portfolio represents a well-managed investment with potential for increased returns. The properties demonstrate a reliable cash flow, supported by historical rent collection and occupancy rates with minimal vacancy. The units have been maintained, reducing the need for immediate capital expenditure. Rents are currently below market rates for comparable local properties, providing an opportunity for income growth through rent increases. The properties have high long-term tenant satisfaction, contributing to low turnover. The properties can be sold individually or as a group and are located at the following addresses: 403-405 W 5th St, 1105-1107 W 11th St, 1109-1111 W 11th St, 1303-1305 Sycamore, 615-615 1/2 Madison and 1815 - 1815 1/2 Fletcher. One of the properties, located at 615 - 615 1/2 Madison Avenue, Anderson, IN 46016, has a property size of 1952 square feet and a lot size of 0.14 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Madison
- State
- Indiana
- Longitude
- -85.6921344
- Latitude
- 40.1092663
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Six duplex properties with immediate income upside in Anderson, IN.
Where is this duplex located?
The property is located at 615 - 615 1/2 Madison Avenue Anderson, IN.
What is the asking price?
The asking price for this property is $112,900.
What are key features of this property?
This property features: Strong, reliable cash flow with excellent historical rent collection and exceptional occupancy rates.; Immediate upside potential through rent increases to market value.; Meticulously maintained units minimizing immediate Capital Expenditure (CapEx).
