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Renovated Triplex with Detached Garage
For Sale
$158,000

2408 Brown St, Anderson, IN 46016

Three-unit residential property with a two-bedroom unit, one-bedroom unit, and efficiency apartment.

Property SizeContact for details
Days on Market24

Property Features for 2408 Brown St

General Information

Standard status Active
Property subtype Residential Income

Units

Unit Mix 1 x 2BR, 1 x 1BR, 1 x efficiency
Multifamily Units 3

Building Details

Year Renovated 2024
Listing Agency: Inspired Realty
Listed By: Alyssa Burton
Source: Exprealty
Added: Sep 2 Changed: Sep 14 Last Checked: Sep 24 at 11:02AM

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

Investment Insights

Based on property information with market context.

Located at 2408 Brown St in Anderson, this three-unit residential property includes a two-bedroom apartment, a one-bedroom apartment, and an efficiency unit. The improvements were renovated in 2024, providing a recently updated configuration across the triplex.

A detached garage is included with the property and may be considered for conversion into an additional dwelling unit, subject to city approval. Existing arrangements place utility and lawn-care responsibilities with tenants, while the owner remains responsible for the monthly stormwater fee.

Key Highlights

  • Three‑unit layout with a two‑bedroom unit, one‑bedroom unit, and efficiency apartment
  • Renovated in 2024
  • Detached garage included

Property Analytics

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Current Use

Triplexes

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

788
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
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit residential property with a two-bedroom unit, one-bedroom unit, and efficiency apartment.
Where is this triplex located?
The property is located at 2408 Brown St Anderson, IN.
What is the asking price?
The asking price for this property is $158,000.
What are key features of this property?
This property features: Three‑unit layout with a two‑bedroom unit, one‑bedroom unit, and efficiency apartment; Renovated in 2024; Detached garage included
More about this property
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