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    515 W 2Nd St Anderson, IN 46016

    For Sale
    $120,000

    Four units plus storage, off-street parking, renovation potential.

    Lot size:
    0.14 Acres

    Property Features for 515 W 2Nd St

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1885

    Source: Weichert Agent REALTORS®

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property with Income Potential

    This multifamily property features a front unit and three apartments in the back, plus a storage area that could potentially be converted into an additional unit. Off-street parking is available. Two units have been recently renovated and are ready to rent, while some work is needed to prepare the other unit for rental. This property is intended for use as a residential income property.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.6862615
    Latitude
    40.1135268

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    FAQs

    What type of property is this?
    Quadplex - Four units plus storage, off-street parking, renovation potential.
    Where is this quadplex located?
    The property is located at 515 W 2Nd St Anderson, IN.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - Multiple Units (4+) for Strong Cashflow Potential; - Opportunity to Convert Storage Area into Additional Unit; - Off-Street Parking
    Request Owner's contact information
    515 W 2Nd St Anderson, IN 46016
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    Anderson, IN 46016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 W 2Nd St Anderson, IN 46016
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