Three-Duplex Rental
For Sale
$114,900
403-405 W 5th Street, Anderson, IN 46016
INVESTMENT, Two Story, Anderson, IN
Property Size1,968 SF
Lot Size0.15 Acres
Price / SF$58.38
Days on Market127
Property Features for 403-405 W 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4, Basement
Parking
4
Lot features
Level
Elementary school
Anderson
Middle school
Highland
High school
Anderson
Elementary school district
Anderson Community
Middle school district
Anderson Community
High school district
Anderson Community
Directions
GPS Friendly
Subdivision
Madison County
Standard status
Active
APN
48-11-12-301-139.000-003
Size
1,968 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
HAZLETTS 96' N END L 131
Tax Annual Amount
750
Legal Description
HAZLETTS 96' N END L 131
Building Details
Year built
1885
Floors in Building
2
Number of units
2
Architectural style
Other
Listing Agency:
RE/MAX Real Estate Groups · RE/MAX International
(765) 288-0400
Listed By:
Ryan Orr · License #RB14034624
(765) 744-9500
Added: Apr 17
Changed: Aug 19
Last Checked: Aug 21 at 9:06PM
MLS# 202613964
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.
Investment Insights
Based on property information with market context.
This portfolio includes three duplex properties totaling 6 rental units. The portfolio is described as consistently high-demand and well-maintained, with owners focusing on reducing the need for immediate capital expenditures. The units include bedrooms and bathrooms, with basements indicated for the property package.
The properties are located in Anderson, Indiana, in Madison County, with addresses at 403-405 W 5th St, 615-615 1/2 Madison, and 1815-1815 1/2 Fletcher. The total land area is 0.15 acres, and the property size is listed as 1,968 square feet. The portfolio was built in 1885.
For buyers evaluating a small, multi-property rental portfolio, this package offers the structure of three duplexes under one offering, with the ability to consider acquisition as a group or individually.
The properties are located in Anderson, Indiana, in Madison County, with addresses at 403-405 W 5th St, 615-615 1/2 Madison, and 1815-1815 1/2 Fletcher. The total land area is 0.15 acres, and the property size is listed as 1,968 square feet. The portfolio was built in 1885.
For buyers evaluating a small, multi-property rental portfolio, this package offers the structure of three duplexes under one offering, with the ability to consider acquisition as a group or individually.
Key Highlights
- Three duplex properties totaling 6 rental units
- 0.15‑acre lot with 1,968 SF total property size
- Built in 1885
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
827
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 duplex properties totaling 6 rental units on a 0.15-acre lot, built in 1885.
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: Three duplex properties totaling 6 rental units; 0.15‑acre lot with 1,968 SF total property size; Built in 1885
