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Two-Home Multifamily Property
For Sale
$159,900

1732 Noble St, Anderson, IN 46016

Separate residences support owner occupancy, family living, or continued rental use without a shared wall.

Property SizeContact for details
Days on Market89

Property Features for 1732 Noble St

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Gross Income $21,000
Multifamily Units 2

Building Details

Year Built 1910
Buildings 2
Listing Agency: Inspired Realty
Listed By: Alyssa Burton ()
Source: Fortwayneareahomesforsale
Added: Jul 20 Changed: Oct 1 Last Checked: Oct 14 at 11:12PM

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 Inspired Realty

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Investment Insights

Based on property information with market context.

This multifamily property includes two separate homes, allowing each residence to maintain its own private living space. One home underwent a full renovation that included new drywall, flooring, kitchen and bathroom improvements, and a complete electrical rewire. Both residences have received substantial updates, including new roofs, numerous replacement windows, exterior improvements, and separate electrical meters.

The homes are currently leased, with tenants responsible for utilities, and have expressed interest in renewing. Built in 1910, the property offers a flexible configuration for an owner-occupant, extended household, or investor seeking two distinct residences rather than a traditional attached duplex.

Key Highlights

  • Two separate homes with private living spaces and no shared wall
  • One residence fully renovated with new drywall, flooring, kitchen, bath, and electrical rewire
  • Both homes updated with new roofs, many new windows, and exterior improvements

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Electrical Service Bakery (Bike/Boat/Book/etc) Store Daycare Center Cafe & Coffee Shop Furniture & Home Goods

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

896
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?
Multifamily property - Separate residences support owner occupancy, family living, or continued rental use without a shared wall.
Where is this multifamily property located?
The property is located at 1732 Noble St Anderson, IN.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two separate homes with private living spaces and no shared wall; One residence fully renovated with new drywall, flooring, kitchen, bath, and electrical rewire; Both homes updated with new roofs, many new windows, and exterior improvements
More about this property
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