7-Unit Multifamily
For Sale
Contact for pricing
1222 Nichol Ave, Anderson, IN 46016
Two updated apartment buildings with on-site parking and recent capital improvements across both properties.
Property Size10,042 SF
Price / SF$59.75
Days on Market24
Property Features for 1222 Nichol Ave
General Information
Standard status
Active
Size
10,042 SF
Total Parking Spaces
8
Property subtype
Multifamily
Occupancy
57%
Net Operating Income
$16,443
Building Details
Year Built
1985
Year Renovated
2025
Buildings
2
Stories
2
Units
7
Tenancy
Multi
Listing Agency:
Ellsbury Group
(765) 401-1122
Listed By:
Justin Lowe · License #RB19001645
Source:
Crexi
Added: Aug 7
Changed: Aug 29
Last Checked: Aug 29 at 7:09PM
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 Ellsbury Group
Investment Insights
Based on property information with market context.
This multifamily portfolio combines two apartment buildings totaling 7 units and 10,042 SF. The property at 1222 Nichol Ave contains 4 units within 5,485 SF and includes a six-space on-site parking area. The 3-unit building at 1023 E 8th Street contributes 4,557 SF. Both buildings have received substantial recent improvements, including water heaters and electric baseboard heating units installed in 2024, new windows added in 2025, and two complete unit remodels completed in 2025.
The properties are located in Anderson, Indiana, near Ascension St. Vincent Anderson, Community Hospital Anderson, the Nestlé USA manufacturing plant, and Anderson University. The two hospitals are identified as supporting more than 3,500 combined jobs. Three of the 7 units are vacant, while the remaining units are occupied, providing a mix of current tenancy and available units within the portfolio.
The properties are located in Anderson, Indiana, near Ascension St. Vincent Anderson, Community Hospital Anderson, the Nestlé USA manufacturing plant, and Anderson University. The two hospitals are identified as supporting more than 3,500 combined jobs. Three of the 7 units are vacant, while the remaining units are occupied, providing a mix of current tenancy and available units within the portfolio.
Key Highlights
- 7‑unit portfolio across two multifamily buildings
- 10,042 SF combined across 1222 Nichol Ave and 1023 E 8th Street
- 1222 Nichol Ave includes 4 units, 5,485 SF, and six on‑site parking spaces
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
273
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two updated apartment buildings with on-site parking and recent capital improvements across both properties.
Where is this multifamily property located?
The property is located at 1222 Nichol Ave Anderson, IN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 7‑unit portfolio across two multifamily buildings; 10,042 SF combined across 1222 Nichol Ave and 1023 E 8th Street; 1222 Nichol Ave includes 4 units, 5,485 SF, and six on‑site parking spaces
