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8-Unit Apartment Building

8436 E State Road 32, Anderson, IN 46017

For Sale
$800,000

Residential Income, Anderson, IN

Property SizeContact for details
Lot Size2.82 Acres
Days on Market94

Property Features for 8436 E State Road 32

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 20
Bathrooms 11
Full bathrooms 11
Rooms Bedroom 9, Bathroom 9, Bedroom 11, Bedroom 6, Bathroom 8, Bedroom 19, Bathroom 10, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 8, Bedroom 12, Bedroom 17, Bathroom 3, Bedroom 18, Bathroom 2, Bathroom 4, Bedroom 16, Bedroom 2, Bedroom 13, Bedroom 4, Bathroom 6, Bathroom 5, Bathroom 11, Bedroom 7, Bedroom 20, Bedroom 10, Bathroom 7, Bedroom 5, Bedroom 15, Bedroom 14
Subdivision No Subdivision
Elementary school Tenth Street 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 481211100026000033
Lot size 2.82 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Se & Ne 2.8200Acres Str: 11198 Section: Plat: 00 In: Out:
Tax Annual Amount 11038
Legal Description Se & Ne 2.8200Acres Str: 11198 Section: Plat: 00 In: Out:

Building Details

Year built 1975
Number of units 8
Listing Agency: Starr Real Estate LLC
Listed By: Heather Clemmons · License IN RB14039183
Added: Aug 12 Changed: Oct 26 Last Checked: Nov 13 at 11:06PM
MLS# 22119884

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.

Rey
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Investment Insights

Based on property information with market context.

This apartment building contains 8 units on a 2.82-acre parcel. Built in 1975, the property is located at 8436 E State Road 32 in Anderson, Indiana, within Madison County.

The site is identified for an apartment building use and provides a residential income property configuration with multiple units on one parcel. The property’s address places it along E State Road 32 in the 46017 postal area.

Key Highlights

  • 8 residential units
  • 2.82‑acre parcel
  • Built in 1975

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

77
Businesses Nearby

Demographics for 46017, IN

5,930
Population
2,386
Households
2.5
Avg Household Size
44
Median Age
19%
College-Educated
94%
High-School Grad
17.7 sq mi
ZIP Area
335
Density / Sq Mi
$72,468
Median Household Income
$40,140
Median Earnings
$972
Median Rent
$138,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Multifamily properties in Anderson, IN

$53.48 Jul
$49.6 Aug
$38.71 Sep
$35.84 Oct

Properties on Market for Multifamily properties in Anderson

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Constructed in 1975, the property contains multiple residential units in Anderson.
Where is this multifamily property located?
The property is located at 8436 E State Road 32 Anderson, IN.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 8 residential units; 2.82‑acre parcel; Built in 1975
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