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8-Unit Brick Apartment Building
For Sale
$339,000

1120 E 30th Street, Anderson, IN 46016

Commercial Sale, Anderson, IN

Property SizeContact for details
Lot Size0.09 Acres
Days on Market131

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 5, Basement, Bathroom 2, Bathroom 6, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 2
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

Taxes and HOA fees

Tax Year 2025
Tax Description Isenhours 1st 88.75' N Sd 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
Tax Annual Amount 100
Legal Description Isenhours 1st 88.75' N Sd 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:

Building Details

Year built 1928
Floors in Building 2
Number of units 8
Building materials Brick
Architectural style Other
Listing Agency: Keller Williams Indpls Metro N · Keller Williams Realty
Listed By: Peter Stewart · License #RB15000083
Added: Jun 5 Changed: Oct 8 Last Checked: Oct 13 at 2:06AM
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.

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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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store

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

Multi-tenant
Tenancy
Yes
Paved road access
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
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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 $339,000.
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
More about this property
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