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All-Brick Two-Story 8-Unit Apartment

1120 E 30th Street, Anderson, IN 46016

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For Sale

$339,000

Value-add 8-unit building with all-brick construction, street-to-street lot, and separately metered electricity and gas.

Type:Multi-Family

Property size:

7,344 SF

Price / SF:

$46/SF

HighLights

All‑brick, two‑story 8‑unit apartment building built in 1928
0.29‑acre street‑to‑street lot on a quiet dead‑end street with mature trees
Eight 1‑bedroom, 1‑bath units with 600 SF each; each unit includes living room, formal dining room, galley kitchen, and full bath
Currently 5 units occupied generating $3,750/mo; rents range from $600–$900/mo
Electricity and gas are separately metered, supporting tenant utility billing at lease renewals
Sold strictly as‑is; 3 vacant units available for renovation

We can help!

Listing Contact

Peter Stewart

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For Sale

$339,000

Value-add 8-unit building with all-brick construction, street-to-street lot, and separately metered electricity and gas.

Type:Multi-Family

Property size:

7,344 SF

Price / SF:

$46/SF

Added:: May 29, 2026
Days on Market:: 17
Last Refresh:: Jun 14 at 2:02 am

Property Features for 1120 E 30th Street

General Information

Standard status: Active
Size: 7,344 SF
Property subtype: Multi-Family

Building Details

Year Built: 1928

We can help!

Listing Contact

Peter Stewart

Listing agent Peter Stewart License #RB15000083

Listing office Keller Williams Indpls Metro N

Listing date May 29, 2026

Source Xome

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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Indpls Metro N

HighLights

All‑brick, two‑story 8‑unit apartment building built in 1928
0.29‑acre street‑to‑street lot on a quiet dead‑end street with mature trees
Eight 1‑bedroom, 1‑bath units with 600 SF each; each unit includes living room, formal dining room, galley kitchen, and full bath
Currently 5 units occupied generating $3,750/mo; rents range from $600–$900/mo
Electricity and gas are separately metered, supporting tenant utility billing at lease renewals
Sold strictly as‑is; 3 vacant units available for renovation

Overview

This all-brick, two-story multifamily building contains eight 1-bedroom, 1-bathroom units with a consistent footprint and approximately 600 square feet per unit. Each unit is laid out with a living room, formal dining room, galley kitchen, and a full bath. The property includes covered front and rear common entrances and interior hallways. Five units are currently occupied, while three vacant units will require renovation to be brought to market-ready condition. The building is sold strictly as-is.

The property sits on a large, street-to-street 0.29-acre lot on a quiet dead-end street, with mature trees on site. Public remarks note proximity to downtown Anderson, Anderson University, and Harrah's Casino & Racetrack, about 5 minutes away, as well as Mounds State Park and major freeways, about 10 minutes away.

For buyers and operators, the 8-unit configuration offers a straightforward income mix with occupied units providing immediate collection while the vacant units present an update-and-lease path. Electricity and gas are separately metered, which supports tenant-level utility billing. Additional physical space is available in the basement for potential amenity improvements, subject to buyer verification and permitting.

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Local Demand

City: Anderson
County: Madison
State: Indiana
Longitude: -85.6649823
Latitude: 40.086375

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For sale
Apartment buildings
IN
Anderson
46016
1120 E 30th Street

What type of property is this?

Apartment building - Value-add 8-unit building with all-brick construction, street-to-street lot, and separately metered electricity and gas.

Where is this apartment building located?

The property is located at 1120 E 30th Street Anderson, IN.

What is the asking price?

The asking price for this property is $339,000.

What are key features of this property?

This property features: All‑brick, two‑story 8‑unit apartment building built in 1928; 0.29‑acre street‑to‑street lot on a quiet dead‑end street with mature trees; Eight 1‑bedroom, 1‑bath units with 600 SF each; each unit includes living room, formal dining room, galley kitchen, and full bath