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Three-Unit Triplex Near University Campus
New
For Sale
$225,000

631 High St, Anderson, IN 46012

Multifamily property with two remodeled units and tenant-paid utilities.

Property Size7,150 SF
Price / SF$31.47
Days on Market3

Property Features for 631 High St

General Information

Standard status Active
Size 7,150 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 3BR/1BA, 2 x 2BR/1BA
Multifamily Units 3

Building Details

Year Built 1926
Listing Agency: The Stewart Home Group
Listed By: Streamlined Realty
Source: Streamlinedrealty
Added: Sep 9 Changed: Sep 10 Last Checked: Sep 10 at 2:58PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Stewart Home Group

Investment Insights

Based on property information with market context.

This 7,150-square-foot triplex, built in 1926, contains three separate rental units near the Anderson University campus. Two units have been completely remodeled. The main-level residence includes three bedrooms, one bathroom, a living room, dining area, kitchen, and covered front porch. The upper unit offers two bedrooms, one bathroom, a living room, kitchen, and attached one-car garage. A basement residence provides two bedrooms, one bathroom, kitchen, living room, bonus room, and laundry connections.

The property is located at 631 High St in Anderson, Indiana. Tenants are responsible for their own utilities, and the building includes a mix of updated and functional residential spaces across its main, upper, and basement levels.

Key Highlights

  • 7,150‑square‑foot triplex built in 1926
  • Three separate rental units near the Anderson University campus
  • Two units have been completely remodeled

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Daycare Center Skin Care Clinic (Bike/Boat/Book/etc) Store Plumbing Service Pet Grooming Service Florist

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

485
Businesses Nearby

Demographics for 46012, IN

19,108
Population
9,659
Households
2
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
32.0 sq mi
ZIP Area
597
Density / Sq Mi
$58,538
Median Household Income
$36,017
Median Earnings
$982
Median Rent
$149,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Multifamily property with two remodeled units and tenant-paid utilities.
Where is this triplex located?
The property is located at 631 High St Anderson, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 7,150‑square‑foot triplex built in 1926; Three separate rental units near the Anderson University campus; Two units have been completely remodeled
More about this property
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