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Duplex with Renovations in Historic District
For Sale
$139,000

421 W 7th, Anderson, IN 46016

MULTI_FAMILY - Anderson, IN

Property SizeContact for details
Lot Size0.24 Acres
Days on Market13

Property Features for 421 W 7th

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Basement
Subdivision No Subdivision
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 Active
APN 481112304046000003
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Hazletts Ol Lot 7 (0.24Ac)
Legal Description Hazletts Ol Lot 7 (0.24Ac)

Utilities

Heating system Forced Air

Building Details

Year built 1900
Number of units 2
Listing Agency: Keller Williams Indy Metro Partners · Keller Williams Realty
Listed By: Stuart Houghton · License #RB17002210
Added: Jul 29 Changed: Aug 1 Last Checked: Aug 10 at 1:06AM
MLS# 22117035

Copyright © 2026 MIBOR Service Corporation. 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.

421 W 7th St in Anderson is a duplex located within the historic district. The property has been recently renovated and updated, with interior and exterior work completed.

The duplex includes an upper unit and a second unit. One upper unit is currently vacant, while the other unit is generating gross rent. The home was built in 1900 and is heated with forced air.

With its updated condition and mixed occupancy, this duplex offers a straightforward residential income setup on a 0.24-acre lot in Madison County.

Key Highlights

  • 0.24‑acre duplex in the Anderson historic district at 421 W 7th St
  • Recently renovated and updated with interior and exterior work completed
  • One unit vacant; the other unit generating gross rent

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Cafe & Coffee Shop Electrical Service Storage Facility Parking Lot & Garage

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

827
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

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?
Duplex - Duplex on a 0.24-acre lot with forced-air heat, one vacant unit, and recently updated interior and exterior.
Where is this duplex located?
The property is located at 421 W 7th Anderson, IN.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: 0.24‑acre duplex in the Anderson historic district at 421 W 7th St; Recently renovated and updated with interior and exterior work completed; One unit vacant; the other unit generating gross rent
More about this property
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