Renovated Four-Unit Apartment
For Sale
$164,000
1627 Brown Street, Anderson, IN 46016
Residential Income, Anderson, IN
Property SizeContact for details
Lot Size0.10 Acres
Days on Market10
Property Features for 1627 Brown Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bathroom 1, Bathroom 2, Basement, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 2
Subdivision
No Subdivision
Lot features
Access, Busline, Curbs, Sidewalks
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
481113204022000003
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt E2 Nw Plat 6-1 0.1040Acres Str: 13197 Section: Plat: 00 In: Out:
Tax Annual Amount
2042
Legal Description
Pt E2 Nw Plat 6-1 0.1040Acres Str: 13197 Section: Plat: 00 In: Out:
Building Details
Year built
1965
Floors in Building
2
Number of units
4
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Keller Williams Indy Metro Partners · Keller Williams Realty
(317) 882-5900
Listed By:
Stuart Houghton · License #RB17002210
(815) 557-3253
Added: Sep 17
Changed: Sep 21
Last Checked: Sep 26 at 1:06AM
MLS# 22127136
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 multifamily property contains four one-bedroom, one-bathroom apartments within a single building. Three units are occupied and one is vacant, providing an existing tenant base alongside an available residence. Recent renovations have been completed, and the structure includes a basement, vinyl siding, and a shingle roof.
The property occupies 0.1 acres at 1627 Brown Street in Anderson, Indiana. Built in 1965, it is configured as a four-unit apartment asset with each residence offering one bedroom and one bathroom. The combination of four units, current occupancy, and completed improvements supports continued residential income use.
The property occupies 0.1 acres at 1627 Brown Street in Anderson, Indiana. Built in 1965, it is configured as a four-unit apartment asset with each residence offering one bedroom and one bathroom. The combination of four units, current occupancy, and completed improvements supports continued residential income use.
Key Highlights
- Four‑unit apartment property with four 1‑bedroom, 1‑bath units
- Three units occupied and one unit vacant
- Recently renovated multifamily building
Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,374
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?
Quadplex - Income-producing multifamily property with four one-bedroom residences and a recently renovated interior.
Where is this quadplex located?
The property is located at 1627 Brown Street Anderson, IN.
What is the asking price?
The asking price for this property is $164,000.
What are key features of this property?
This property features: Four‑unit apartment property with four 1‑bedroom, 1‑bath units; Three units occupied and one unit vacant; Recently renovated multifamily building
