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Renovated Four-Unit Quadplex
New
For Sale
$394,900

1338 Ohio Avenue, Anderson, IN 46016

Residential Income, Anderson, IN

Property SizeContact for details
Lot Size0.12 Acres
Days on Market3

Property Features for 1338 Ohio Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning multi unit
Rooms Basement
Basement Exterior Entry
Subdivision Jacksons Outlot
Lot features Access
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 481113500005000003
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Jacksons Ol 0.0000Acres Str: 00000 Section: Plat: 37 In: Out:
Legal Description Jacksons Ol 0.0000Acres Str: 00000 Section: Plat: 37 In: Out:

Utilities

Heating system Zoned
Cooling system Separate Meters

Building Details

Year built 1900
Floors in Building 2
Number of units 4
Building materials Vinyl Siding
Roof type Asphalt
Architectural style Contemporary
Listing Agency: Resolute Realty
Listed By: Austin Main · License #RB20002172
Added: Aug 26 Last Checked: Aug 28 at 5:06AM
MLS# 22121535

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 contemporary quadplex contains four studio apartments within a property built in 1900. The interiors have been renovated, and each unit includes a new HVAC system and water heater. Separate metering is in place for the units, while the building also includes a basement, asphalt roof, and vinyl siding.

The 0.12-acre property is zoned multi unit and is located at 1338 Ohio Avenue in Anderson, Indiana. The existing layout and infrastructure are configured for four residences, with the property also outfitted and metered for a potential fifth unit. The address is in downtown Anderson, providing an established urban setting for this residential income asset.

Key Highlights

  • Four studio apartments in a quadplex configuration
  • Renovated interiors with new HVAC systems and water heaters
  • Property is outfitted and metered for a potential fifth unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service Bakery (Bike/Boat/Book/etc) Store Daycare Center Garden Center Acupuncture

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

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,348
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
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four updated studio apartments with new HVAC systems, water heaters, and separate metering for each unit.
Where is this quadplex located?
The property is located at 1338 Ohio Avenue Anderson, IN.
What is the asking price?
The asking price for this property is $394,900.
What are key features of this property?
This property features: Four studio apartments in a quadplex configuration; Renovated interiors with new HVAC systems and water heaters; Property is outfitted and metered for a potential fifth unit
More about this property
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