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8-Unit Brick Apartment Building

1120 E 30th Street, Anderson, IN 46016

For Sale
$319,000

Commercial Sale, Anderson, IN

Property SizeContact for details
Lot Size0.09 Acres
Days on Market159

Property Features for 1120 E 30th Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning R3
Bedrooms 6
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 6, Bathroom 6, Bedroom 2, Bathroom 5, Bedroom 3, Bathroom 4, Basement, Bathroom 1, Bedroom 1
Lot features Storm Sewer, Mature Trees
Elementary school district Anderson Community School Corp
Middle school district Anderson Community School Corp
High school district Anderson Community School Corp
Directions GPS Friendly
Subdivision 4810 - Madison - Anderson NW
Standard status Active
APN 481219204165000003
Lot size 0.09 Acres

Additional Details

Tenant in Place Yes
Individually Metered Utilities electricity, gas

Taxes and HOA fees

Tax Year 2025
Tax Description ISENHOURS 1ST 88.75' N SD L 014 ISENHOURS 1ST 88.75' N SD L 015 ISENHOURS 1ST 88.75' N SD L 016
Tax Annual Amount 4306
Legal Description ISENHOURS 1ST 88.75' N SD L 014 ISENHOURS 1ST 88.75' N SD L 015 ISENHOURS 1ST 88.75' N SD L 016

Building Details

Year built 1928
Floors in Building 2
Number of units 8
Building materials Brick
Architectural style Other
Buildings 1
Listing Agency: Keller Williams Indpls Metro N · Keller Williams Realty
Listed By: Peter Stewart · License IN RB15000083
Added: Jun 5 Changed: Nov 4 Last Checked: Nov 10 at 5:06PM
MLS# 22098936

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

At 1120 E 30th Street in Anderson, this two-story brick apartment building contains eight one-bedroom, one-bathroom units. Each apartment measures 600 square feet and includes a living room, dining room, galley kitchen, and full bathroom. Interior hallways connect the units, with covered common entrances at the front and rear. The building dates to 1928 and is zoned R3.

Five apartments are occupied, while three are vacant and require differing degrees of renovation. Electricity and gas are separately metered. The property is offered as-is. Downtown Anderson, Anderson University, and Harrah's Casino & Racetrack are described as five minutes away; Mounds State Park and major freeways are described as ten minutes away.

Key Highlights

  • Eight apartments, each with one bedroom and one bathroom
  • Each unit is 600 square feet, with living room, dining room, galley kitchen, and full bath
  • Five units occupied; three vacant and in need of varying levels of renovation

Property Analytics

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Lease Details

8
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

244
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Separate electric and gas meters serve eight one-bedroom apartments with interior hallways and shared covered entrances.
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 $319,000.
What are key features of this property?
This property features: Eight apartments, each with one bedroom and one bathroom; Each unit is 600 square feet, with living room, dining room, galley kitchen, and full bath; Five units occupied; three vacant and in need of varying levels of renovation
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