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Renovated Duplex
For Sale
$133,000

421 W 7th, Anderson, IN 46016

Residential Income, Anderson, IN

Property SizeContact for details
Lot Size0.24 Acres
Days on Market66

Property Features for 421 W 7th

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Basement, Bedroom 4, Bathroom 2, Bedroom 1
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)
Tax Annual Amount 2664
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: Oct 1 Last Checked: Oct 2 at 3:06AM
MLS# 22117035

Copyright © 2026 Broker Listing Cooperative®. 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 two-unit property was built in 1900 and has undergone interior and exterior renovation work. The upper residence is vacant, while the second unit is generating rental income. Forced-air heating serves the property, which includes a basement and two bathrooms.

The duplex occupies a 0.24-acre lot in Anderson’s historic district.

Key Highlights

  • Duplex with one vacant unit and one income‑producing unit
  • Interior and exterior renovation work completed
  • 0.24‑acre lot

Property Analytics

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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

2
Residential units

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
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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - One residence is vacant, while the other is currently producing rental income.
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 $133,000.
What are key features of this property?
This property features: Duplex with one vacant unit and one income‑producing unit; Interior and exterior renovation work completed; 0.24‑acre lot
More about this property
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