1413 Walnut Street, Anderson, IN 46016

Building Details

Year built

1900

Number of units

3

Listing agent Peyton Nichols License #RB23001404 Show Phone

Listing office RE/MAX Real Estate Solutions i***@gmail.com E. 53rd St 1312, IN Show Phone

Listing date Feb 6, 2026

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MLS# 22083045 Listing URL

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.

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Overview

This property is a residential income setup featuring a duplex and a detached accessory dwelling unit (ADU) on one parcel. The duplex contains two units: a 3-bedroom, 1-bath unit currently rented at $1,325 per month, and a 2-bedroom, 1-bath unit rented at $900 per month with tenant notice provided. In addition, there is a detached 1-bedroom ADU that is currently vacant and ready for turnover.

The home is located at 1413 Walnut Street in Anderson, Indiana (Madison County). The lot size is listed at 0.04 acres, supporting a compact, multi-unit configuration that can appeal to both investors and owner-operators seeking multiple income streams in a single ownership.

For buyers looking for a straightforward rental portfolio, the property offers immediate income from the currently occupied duplex unit and an additional duplex unit transitioning per the notice timeline. It also includes a separate detached ADU that is available to be brought back online, which may support easier unit-by-unit leasing management compared with properties that require interior renovations between tenants. Overall, this combination of duplex and detached ADU can fit buyers who want to manage multiple rental units within one asset while planning for near-term leasing turnover.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Anderson

County

Madison

State

Indiana

Longitude

-85.672998

Latitude

40.101689

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FAQs

What type of property is this?

Duplex - Income-generating duplex plus a detached 1-bed ADU with one unit ready for turnover.

Where is this duplex located?

The property is located at 1413 Walnut Street Anderson, IN.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Multiple income streams from duplex and detached ADU on one parcel.; Immediate cash flow from existing duplex rentals ($1,325/month and $900/month).; Vacant 1 bed ADU offers opportunity to add value and increase total rents.