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Updated Triplex with Detached ADU
For Sale
$214,900
Pending

2231 Lincoln Street, Anderson, IN 46016

Residential Income, Anderson, IN

Property SizeContact for details
Lot Size0.16 Acres
Days on Market52

Property Features for 2231 Lincoln Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Basement
Basement Storage Space
Subdivision No Subdivision
Middle school Highland Middle School
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 Pending
APN 481113304153000003
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description V G Mc Donalds 1st 0.0000Acres Str: 00000 Section: Plat: 20 In: Out:
Tax Annual Amount 1144
Legal Description V G Mc Donalds 1st 0.0000Acres Str: 00000 Section: Plat: 20 In: Out:

Utilities

Heating system Natural Gas, Forced Air
Cooling system Window Unit(s)

Amenities

washer and dryer hookups

Building Details

Year built 1947
Number of units 3
Listing Agency: Real Broker, LLC
Listed By: Eric Lewis · License #RB21000404
Added: Aug 7 Changed: Sep 18 Last Checked: Sep 27 at 12:06AM
MLS# 22118992

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 1947 triplex contains three 1-bedroom, 1-bath units, including a detached accessory dwelling unit. The property occupies 0.16 acres in Anderson and has undergone recent updates, including a newer roof, exterior paint, lighting, gutters, interior paint, flooring, appliances, and water heaters. Natural gas and forced-air heating serve the property, with window-unit cooling.

Units 1 and 2 include basement areas that add storage and provide washer and dryer hookups for each unit. All three units are leased under one-year lease terms, with tenants responsible for utilities other than water. The property is located at 2231 Lincoln Street in Anderson, Indiana, within ZIP Code 46016.

Key Highlights

  • Three 1‑bedroom, 1‑bath units, including a detached accessory dwelling unit
  • All units currently leased on one‑year leases
  • 0.16‑acre lot in Anderson, Indiana

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Hair Salon (Bike/Boat/Book/etc) Store Daycare Center Cafe & Coffee Shop Dental Office Nail Salon

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

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

800
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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three leased one-bedroom units feature recent interior and exterior improvements, appliances, and individual washer and dryer hookups.
Where is this triplex located?
The property is located at 2231 Lincoln Street Anderson, IN.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bath units, including a detached accessory dwelling unit; All units currently leased on one‑year leases; 0.16‑acre lot in Anderson, Indiana
More about this property
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