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Remodeled Triplex Near University
For Sale
$225,000

631 High Street, Anderson, IN 46012

Residential Income, Anderson, IN

Property SizeContact for details
Lot Size0.16 Acres
Days on Market39

Property Features for 631 High Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Bedroom 1, Bathroom 3, Basement, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6
Basement Finished, Apartment
Subdivision Bixler
Elementary school Eastside Elementary School
Middle school Highland Middle School
High school Anderson High School
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 481207203089000003
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Bixlers 0.0000Acres Str: 00000 Section: Plat: 01 In: Out:
Tax Annual Amount 2094
Legal Description Bixlers 0.0000Acres Str: 00000 Section: Plat: 01 In: Out:

Building Details

Year built 1926
Floors in Building 2
Number of units 3
Building materials Wood Siding
Listing Agency: Keller Williams Indy Metro NE · Keller Williams Realty
Listed By: Whitney Strange
Added: Aug 5 Changed: Sep 12 Last Checked: Sep 12 at 9:06PM
MLS# 22112869

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 1926 wood-sided triplex contains three separate rental units on a 0.16-acre parcel. The main-level apartment includes three bedrooms, one bathroom, a large living room, dining room, kitchen, and covered front porch. The upper unit offers two bedrooms, one bathroom, a living room, kitchen, and attached one-car garage. A basement apartment adds two bedrooms, one bathroom, kitchen, living room, bonus room, and washer and dryer hookups. Two of the units have been remodeled.

The property is located on the campus of Anderson University in Anderson, Indiana. Tenants pay their own utilities, providing a clearly defined operating arrangement for the three-unit residential income asset.

Key Highlights

  • Three‑unit triplex on a 0.16‑acre parcel
  • Located on the campus of Anderson University
  • Two units have been remodeled

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Skin Care Clinic Daycare Center (Bike/Boat/Book/etc) Store Plumbing Service Furniture & Home Goods Garden Center

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 - Three-unit residential income property with two remodeled apartments, covered porch, attached garage, and basement laundry hookups.
Where is this triplex located?
The property is located at 631 High Street 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: Three‑unit triplex on a 0.16‑acre parcel; Located on the campus of Anderson University; Two units have been remodeled
More about this property
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