Updated Triplex-Ready
For Sale
$165,000
120 W 5th Street, Anderson, IN 46016
Residential Income, Anderson, IN
Property SizeContact for details
Lot Size0.09 Acres
Days on Market406
Property Features for 120 W 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Subdivision
Hannah & Hazlett
Middle school
Highland Middle School
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
481112402081000003
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Hannah & Hazletts 55' W End 0.0000Acres Str: 00000 Section: Plat: 41 In: Out:
Legal Description
Hannah & Hazletts 55' W End 0.0000Acres Str: 00000 Section: Plat: 41 In: Out:
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1876
Floors in Building
2
Number of units
3
Listing Agency:
RE/MAX Advanced Realty · RE/MAX International
(317) 298-0961
Listed By:
Michael Nauman · License #RB22002327
(317) 298-0961
Added: Jul 11, 2025
Changed: Aug 20
Last Checked: Aug 20 at 5:06PM
MLS# 22049939
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 updated duplex at 120 W 5th Street is set up with three spacious units in place, featuring vintage details and abundant natural light. Each unit includes a kitchen and washer/dryer hookups, along with bedroom(s), supporting a flexible living or rental arrangement. A third unit is already within the home, and the property can be readily converted into a triplex configuration depending on how you want to operate it.
The property is located just steps from downtown Anderson, providing convenient access to local shops, dining, and amenities. Its setting supports use cases where tenants or guests benefit from proximity to everyday destinations.
For investors and owner-occupants, the layout offers practical versatility. You can consider house-hacking by living in one unit while renting the others, or pursue a short-term rental strategy for guests who want to be close to downtown. With kitchens and washer/dryer hookups already in each unit, it is designed to function as separate, independently usable spaces whether you operate as a duplex or convert to a triplex.
The property is located just steps from downtown Anderson, providing convenient access to local shops, dining, and amenities. Its setting supports use cases where tenants or guests benefit from proximity to everyday destinations.
For investors and owner-occupants, the layout offers practical versatility. You can consider house-hacking by living in one unit while renting the others, or pursue a short-term rental strategy for guests who want to be close to downtown. With kitchens and washer/dryer hookups already in each unit, it is designed to function as separate, independently usable spaces whether you operate as a duplex or convert to a triplex.
Key Highlights
- Updated duplex at 118 and 120 W Fifth Street, just steps from downtown Anderson
- Year built 1876 with vintage details and abundant natural light
- Versatile layout with three spacious units, with the option to convert to a triplex
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Updated duplex with three unit options, each featuring a kitchen, washer/dryer hookup, and bedrooms.
Where is this triplex located?
The property is located at 120 W 5th Street Anderson, IN.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Updated duplex at 118 and 120 W Fifth Street, just steps from downtown Anderson; Year built 1876 with vintage details and abundant natural light; Versatile layout with three spacious units, with the option to convert to a triplex
