Six-Unit Duplex
For Sale
$114,900
403-405 W 5th St, Anderson, IN 46016
Three maintained rental properties offer six residential units across the Anderson market.
Property Size1,968 SF
Price / SF$58.38
Days on Market38
Property Features for 403-405 W 5th St
General Information
Standard status
Active
Size
1,968 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
6
Building Details
Year Built
1885
Buildings
3
Listing Agency:
RE/MAX Real Estate Groups
(765) 744-9500
Listed By:
Ryan Orr · License #RB14034624
Source:
Callcriswell
Added: Jul 25
Changed: Aug 30
Last Checked: Aug 30 at 6:50PM
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 RE/MAX Real Estate Groups
Investment Insights
Based on property information with market context.
This residential income offering comprises three duplex properties totaling six units in Anderson, Indiana. The addresses are 403-405 W 5th St, 615-615 1/2 Madison, and 1815-1815 1/2 Fletcher. The properties were built in 1885 and are being offered either separately or as a combined portfolio.
The units have been maintained by the current owners, with limited immediate capital expenditure identified in the property information. Historical operating details include strong rent collection, minimal vacancy, and long-term tenant occupancy. Existing rents are reported below prevailing market levels for comparable local properties, creating an opportunity to pursue increases over time. The offering is suited to buyers seeking a small multifamily package with multiple duplex assets in the Anderson market.
The units have been maintained by the current owners, with limited immediate capital expenditure identified in the property information. Historical operating details include strong rent collection, minimal vacancy, and long-term tenant occupancy. Existing rents are reported below prevailing market levels for comparable local properties, creating an opportunity to pursue increases over time. The offering is suited to buyers seeking a small multifamily package with multiple duplex assets in the Anderson market.
Key Highlights
- Three duplex properties offered individually or as a group
- Six total residential units
- Properties located at 403‑405 W 5th St, 615‑615 1/2 Madison, and 1815‑1815 1/2 Fletcher
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
793
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three maintained rental properties offer six residential units across the Anderson market.
Where is this duplex located?
The property is located at 403-405 W 5th St Anderson, IN.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: Three duplex properties offered individually or as a group; Six total residential units; Properties located at 403‑405 W 5th St, 615‑615 1/2 Madison, and 1815‑1815 1/2 Fletcher
