Anderson Duplex Investment
1815 & 1815 1/2 Fletcher Street, Anderson, IN 46016
Duplex - Anderson, IN
Type:Duplex
Property size:
2,058 SFLot size:
0.13 AcresPrice / SF:
$54/SF- Added:
- Apr 17, 2026
- Days on Market:
- 36
- Last Refresh:
- May 22 at 2:06 am
Property Features for 1815 & 1815 1/2 Fletcher Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- EntryLevel
- Upper,Main
- Exterior features
- Basement, None
- Appliances
- Range
- Standard status
- Active
- APN
- 48-11-13-401-243.000-003
- Size
- 2,058 SF
- Lot size
- 0.13 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Other
- Architectural style
- Other
Listing agent Ryan Orr License #RB14034624 (765) 744-9500
Listing office RE/MAX Real Estate Groups 2200 W McGalliard, Muncie, IN (765) 288-0400
Listing date Apr 17, 2026
MLS# 202613960
Listing URL
Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Strong, reliable cash flow with excellent historical rent collection and exceptional occupancy rates.
- Value‑add opportunity through rent increases to prevailing market rates.
- Meticulously maintained units minimizing immediate capital expenditure (CapEx).
- Portfolio of three duplex properties (6 units) in high‑demand rental market.
- High tenant satisfaction contributing to low turnover.
- Addresses: 403‑405 W 5th St, 615‑615 1/2 Madison and 1815 - 1815 1/2 Fletcher.
Overview
This package features three high-demand rental duplex properties, totaling six units, located in Anderson, IN. The portfolio represents a well-managed investment with immediate upside potential. The properties demonstrate a strong and reliable cash flow, supported by historical rent collection and occupancy rates with minimal historical vacancy. The current owners have maintained the units, minimizing the need for immediate capital expenditure. Rents are below prevailing market rates for comparable local properties, providing a path for income growth through rent increases to achieve market value. Due to diligent maintenance, the properties have high long-term tenant satisfaction, contributing to low turnover. One of the properties is located at 1815 & 1815 1/2 Fletcher Street, Anderson, IN 46016. The lot size is 0.13 acres and the property size is 2058 square feet. Other properties are located at 403-405 W 5th St and 615-615 1/2 Madison. The seller will sell individually or as a group.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Madison
- State
- Indiana
- Longitude
- -85.675852
- Latitude
- 40.097993
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Six-unit duplex portfolio with immediate income upside in Anderson, Indiana.
Where is this duplex located?
The property is located at 1815 & 1815 1/2 Fletcher Street Anderson, IN.
What is the asking price?
The asking price for this property is $112,900.
What are key features of this property?
This property features: Strong, reliable cash flow with excellent historical rent collection and exceptional occupancy rates.; Value‑add opportunity through rent increases to prevailing market rates.; Meticulously maintained units minimizing immediate capital expenditure (CapEx).
