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Apartment Development Opportunity
For Sale
$68,000

1530 Pearl St, Anderson, IN 46016

Existing structures support a proposed 7-unit residential development near Downtown Anderson.

Property Size3,966 SF
Price / SF$17.15
Days on Market94

Property Features for 1530 Pearl St

General Information

Standard status Active
Size 3,966 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 7
Listing Agency: Olympus Realty Group
Listed By: Streamlined Realty
Source: Streamlinedrealty
Added: Jul 18 Changed: Oct 16 Last Checked: Oct 19 at 6:21AM

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 Olympus Realty Group

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Investment Insights

Based on property information with market context.

This multi-family property presents a development opportunity using existing structures to support a proposed 7 residential units. The offering is structured as a for-sale redevelopment plan for an apartment building and residential income property configuration.

The property is located at 1530 Pearl Street in Anderson, IN, near Downtown Anderson. The redevelopment concept is specifically described as utilizing the existing structures to create the proposed unit count.

Key Highlights

  • Multi‑family development opportunity near Downtown Anderson
  • Proposed 7 residential units using existing structures
  • Includes guest facilities (3)

Property Analytics

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Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

1,346
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Existing structures support a proposed 7-unit residential development near Downtown Anderson.
Where is this apartment building located?
The property is located at 1530 Pearl St Anderson, IN.
What is the asking price?
The asking price for this property is $68,000.
What are key features of this property?
This property features: Multi‑family development opportunity near Downtown Anderson; Proposed 7 residential units using existing structures; Includes guest facilities (3)
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