Anderson Duplex Investment
615 - 615 1/2 Madison Avenue, Anderson, IN 46016
Duplex - Anderson, IN
Type:Duplex
Property size:
1,952 SFLot size:
0.14 AcresPrice / SF:
$57/SF- Added:
- Apr 17, 2026
- Days on Market:
- 36
- Last Refresh:
- May 22 at 4:06 am
Property Features for 615 - 615 1/2 Madison Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
- Patio and Porch features
- Porch
- EntryLevel
- Upper,Main
- Exterior features
- Porch Covered, None
- Appliances
- Range
- Standard status
- Active
- APN
- 48-11-11-401-119.000-003
- Size
- 1,952 SF
- Lot size
- 0.14 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# 202613954
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 gradual rent increases to market value.
- Meticulously maintained units minimizing the need for immediate Capital Expenditure (CapEx).
- Portfolio of three high‑demand rental duplex properties (6 units) in Anderson, IN.
- High tenant satisfaction contributing to low turnover.
- Turnkey, well‑managed investment.
Overview
This package includes three high-demand rental duplex properties, totaling six units, located in Anderson, IN. The portfolio represents a well-managed investment with potential for increased returns. The properties provide a reliable income stream, supported by historical rent collection and high occupancy rates. The units have been maintained, reducing the need for immediate capital expenditure. Rents are currently below market rates for comparable local properties, offering an opportunity for income growth through gradual rent increases. Due to diligent maintenance, the properties have high long-term tenant satisfaction, contributing to low turnover. The properties can be purchased 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 is located at 615 - 615 1/2 Madison Avenue, Anderson, IN 46016. The lot size is 0.14 acres and the property size is 1952 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
- -85.6921344
- Latitude
- 40.1092663
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Six-unit duplex package with immediate income upside in Anderson, IN.
Where is this duplex located?
The property is located at 615 - 615 1/2 Madison Avenue Anderson, IN.
What is the asking price?
The asking price for this property is $112,900.
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 gradual rent increases to market value.; Meticulously maintained units minimizing the need for immediate Capital Expenditure (CapEx).
