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Updated Duplex with Shared Laundry
For Sale
$200,000

1202 E 8th, Anderson, IN 46012

Two-unit property with 2016 improvements, separate electric metering, and basement laundry serving both residences.

Property Size5,612 SF
Price / SF$35.64
Days on Market48

Property Features for 1202 E 8th

General Information

Standard status Active
Size 5,612 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Amenities

shared washer/dryer in basement

Building Details

Year Built 1920
Year Renovated 2016
Listing Agency: Mackenzie Allen, Polston & Ass
Listed By: Tony Reffeitt
Source: Realintegrity
Added: Jul 13 Changed: Aug 28 Last Checked: Aug 28 at 2:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mackenzie Allen, Polston & Ass

Investment Insights

Based on property information with market context.

Built in 1920, this duplex received substantial improvements completed in 2016, including vinyl siding, a dimensional shingle roof, vinyl windows, LVP flooring, and updated plumbing and electrical systems. Each unit is served by its own high-efficiency furnace, A/C unit, and water heater. The basement includes a shared washer and dryer.

The property has two residences at 1202 E 8th in Anderson, Indiana. Gas and water/sewer are shared between the units, while electric service is individually metered. Current leases run through 2/28/2027 for the 1202 unit and 10/31/2026 for the 1204 unit, providing established tenancy with separate lease expirations.

Key Highlights

  • 2016 improvements include vinyl siding, dimensional shingle roof, vinyl windows, LVP flooring, plumbing, and electrical
  • Two high‑efficiency furnaces, two A/C units, and two water heaters
  • Electric service is individually metered for each unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Bakery Garden Center Daycare Center (Bike/Boat/Book/etc) Store Skin Care Clinic Furniture & Home Goods

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

452
Businesses Nearby

Demographics for 46012, IN

19,108
Population
9,659
Households
2
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
32.0 sq mi
ZIP Area
597
Density / Sq Mi
$58,538
Median Household Income
$36,017
Median Earnings
$982
Median Rent
$149,400
Median Home Value

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?
Duplex - Two-unit property with 2016 improvements, separate electric metering, and basement laundry serving both residences.
Where is this duplex located?
The property is located at 1202 E 8th Anderson, IN.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 2016 improvements include vinyl siding, dimensional shingle roof, vinyl windows, LVP flooring, plumbing, and electrical; Two high‑efficiency furnaces, two A/C units, and two water heaters; Electric service is individually metered for each unit
More about this property
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