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7-Unit Apartment Building
New
For Sale
$279,000

1615 Main St, Anderson, IN 46016

Fully occupied apartment property with renovations completed throughout the past two years.

Property Size3,360 SF
Price / SF$83.04
Days on Market3

Property Features for 1615 Main St

General Information

Standard status Active
Size 3,360 SF
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 7

Building Details

Year Built 1906
Listing Agency: Real Broker, LLC
Listed By: Crossroads Real Estate Group
Source: Crossroadsrealestategroup
Added: Sep 2 Changed: Sep 3 Last Checked: Sep 4 at 6:04AM

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 Real Broker, LLC

Investment Insights

Based on property information with market context.

This 7-unit apartment building contains 3,360 square feet and was constructed in 1906. The property is fully occupied, with renovations completed throughout the past two years.

Located at 1615 Main St in Anderson, Indiana, the asset offers an established multifamily configuration with seven residential units. Current occupancy and recent renovation work provide the key operating details for evaluating the property.

Key Highlights

  • Seven‑unit apartment building
  • 3,360 square feet of building area
  • Fully occupied

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Spa & Massage Center Electrical Service Real Estate Agency Nail Salon Hair Salon Bakery

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

7
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,399
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied apartment property with renovations completed throughout the past two years.
Where is this apartment building located?
The property is located at 1615 Main St Anderson, IN.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Seven‑unit apartment building; 3,360 square feet of building area; Fully occupied
More about this property
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