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Renovated Triplex with Newer Roof
New
For Sale
$185,000

908 Walnut St, Anderson, IN 46012

Fully occupied income property with tenant-maintained grounds and snow removal.

Property SizeContact for details
Days on Market7

Property Features for 908 Walnut St

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Financials

Asking Price $198,000
Gross Income $30,828

Additional Details

Utilities to Site Yes
Multifamily Units 3

Building Details

Year Built 1900
Listing Agency: Inspired Realty
Listed By: Alyssa Burton
Source: Megandusing
Added: Aug 25 Changed: Aug 29 Last Checked: Aug 30 at 8:51PM

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 Inspired Realty

Investment Insights

Based on property information with market context.

This three-unit residential income property dates to 1900 and has undergone renovations in recent years. The building includes a new roof installed in 2023 and a new furnace installed in 2022, providing documented improvements to the older structure.

All units are occupied by long-term tenants with a strong payment history. Tenants handle lawn care, snow removal, electric service, and trash, while ownership pays for water, sewer, and gas. The established occupancy and defined division of operating responsibilities support the property’s use as a triplex investment.

Key Highlights

  • Fully occupied triplex built in 1900
  • New roof installed in 2023
  • New furnace installed in 2022

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Bakery Skin Care Clinic Daycare Center (Bike/Boat/Book/etc) Store Cafe & Coffee Shop 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
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

468
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

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 - Fully occupied income property with tenant-maintained grounds and snow removal.
Where is this triplex located?
The property is located at 908 Walnut St Anderson, IN.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Fully occupied triplex built in 1900; New roof installed in 2023; New furnace installed in 2022
More about this property
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