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Apartment Building with Unit Conversion
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1212 Meridian St, Anderson, IN 46016

Fully leased upper-level apartments complement street-level space being converted for additional units.

Property Size21,464 SF
Days on Market71

Property Features for 1212 Meridian St

General Information

Standard status Active
Size 21,464 SF
Class C
Property subtype Multi-Family

Additional Details

Road Access Yes
Multifamily Units 13

Building Details

Building Size 21,464 SF
Year Built 1895
Units 16
Listing Agency: Coombes Real Estate
Listed By: Robert Coombes · License #RB17000978
Source: Commercialcafe
Added: Jun 23 Changed: Aug 31 Last Checked: Aug 31 at 1:35PM

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 Coombes Real Estate

Investment Insights

Based on property information with market context.

This multifamily property contains 13 upper-level apartments that are fully leased, along with street-level space currently being converted into three additional apartments. The planned conversion expands the building’s residential unit count while preserving the existing leased component.

Built in 1895, the property is located at 1212 Meridian St in Anderson, Indiana. Its setting is across from Town Center park and within walking distance of entertainment, restaurants, and shops. The Meridian Street location places the building among established downtown-oriented amenities and daily activity.

Key Highlights

  • 13 fully leased upper‑level multifamily units
  • Street‑level space under conversion into 3 additional units
  • 1895 construction year

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Nail Salon Spa & Massage Center Hair Salon Electrical Service Gym & Fitness Center Daycare Center

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

13
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

991
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

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 - Fully leased upper-level apartments complement street-level space being converted for additional units.
Where is this apartment building located?
The property is located at 1212 Meridian St Anderson, IN.
What are key features of this property?
This property features: 13 fully leased upper‑level multifamily units; Street‑level space under conversion into 3 additional units; 1895 construction year
More about this property
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