Seven-Unit Apartment
New
For Sale
$240,000
1422 Central Avenue, Anderson, IN 46016
Commercial Sale, Anderson, IN
Property SizeContact for details
Lot Size0.24 Acres
Days on Market5
Property Features for 1422 Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Residential
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Basement, Bedroom 1, Bathroom 1, Bathroom 2
Exterior features
Storage Shed
Middle school
Highland Middle School
Elementary school district
Anderson Community School Corp
Middle school district
Anderson Community School Corp
High school district
Anderson Community School Corp
Directions
GPS Friendly
Subdivision
4810 - Madison - Anderson NW
Standard status
Active
APN
481113104220000003
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Andrew Jackson's 1st Addn Lot 6 Blk 5
Tax Annual Amount
2682
Legal Description
Andrew Jackson's 1st Addn Lot 6 Blk 5
Utilities
Heating system
Wall Furnace, Natural Gas
Building Details
Floors in Building
2
Number of units
7
Building materials
Aluminum Siding, Brick
Architectural style
Craftsman
Additional Structures
Storage
Listing Agency:
RE/MAX Real Estate Solutions · RE/MAX International
(765) 640-1900
Listed By:
Candy Bair · License #RB14050165
(765) 602-9333
Added: Sep 22
Last Checked: Sep 26 at 12:06AM
MLS# 22127214
Copyright © 2026 Broker Listing Cooperative®. 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 apartment property comprises seven residential units across two buildings on a 0.24-acre parcel. Five units are occupied under written leases, while two units are vacant. The property includes a basement, bathrooms, bedrooms, a storage shed, aluminum siding and brick construction, natural-gas heating, wall furnaces, and Craftsman architectural details. The sale remains subject to existing leases and tenants’ rights.
Located in downtown Anderson near shopping, employment, and local amenities, the property is positioned on Central Avenue in Madison County. Residential zoning supports its existing apartment use. Rent roll and lease information are available for review.
Located in downtown Anderson near shopping, employment, and local amenities, the property is positioned on Central Avenue in Madison County. Residential zoning supports its existing apartment use. Rent roll and lease information are available for review.
Key Highlights
- Seven residential units divided between two buildings
- Five units occupied under written leases
- Two vacant units available for leasing
Property Analytics
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Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,404
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-building residential property with leased and vacant units, a storage shed, and residential zoning.
Where is this apartment building located?
The property is located at 1422 Central Avenue Anderson, IN.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Seven residential units divided between two buildings; Five units occupied under written leases; Two vacant units available for leasing
