Anderson Duplex Investment
403-405 W 5th Street, Anderson, IN 46016
Duplex - Anderson, IN
Type:Duplex
Property size:
1,968 SFLot size:
0.15 AcresPrice / SF:
$58/SF- Added:
- Apr 17, 2026
- Days on Market:
- 36
- Last Refresh:
- May 22 at 2:06 am
Property Features for 403-405 W 5th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- EntryLevel
- Upper,Main
- Exterior features
- Basement, None
- Basement Y/N
- 1
- Appliances
- Range
- Standard status
- Active
- APN
- 48-11-12-301-139.000-003
- Size
- 1,968 SF
- Lot size
- 0.15 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Other
- Building materials
- 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# 202613964
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.
- Immediate upside potential through rent increases to market value.
- Turnkey condition with meticulously maintained units minimizing immediate CapEx.
- Portfolio of three high‑demand rental duplex properties (6 units).
- High tenant satisfaction contributing to low turnover.
- Basements in all properties.
Overview
This package features three rental duplex properties, totaling six units, located in Anderson, IN. The portfolio represents a managed investment with potential for income growth. The properties demonstrate reliable cash flow, supported by historical rent collection and occupancy rates. The units have been maintained, potentially minimizing the need for immediate capital expenditure. Current rents are below market rates for comparable local properties, suggesting a path for income growth through rent increases. Due to maintenance, the properties have tenant satisfaction, contributing to low turnover. The properties can be sold individually or as a group and are located at 403-405 W 5th St, 615-615 1/2 Madison and 1815 - 1815 1/2 Fletcher. One of the properties, located at 403-405 W 5th Street, Anderson, IN 46016, has a lot size of 0.15 acres and a property size of 1968 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Madison
- State
- Indiana
- Longitude
- -85.68502
- Latitude
- 40.110636
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Six-unit duplex portfolio with immediate upside potential in Anderson, IN.
Where is this duplex located?
The property is located at 403-405 W 5th Street 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: Strong, reliable cash flow with excellent historical rent collection and exceptional occupancy rates.; Immediate upside potential through rent increases to market value.; Turnkey condition with meticulously maintained units minimizing immediate CapEx.
