Anderson, IN Multifamily Properties for Sale

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Updated: Apr 17

Duplex Portfolio with Six Units

403-405 W 5th Street, Anderson, IN 46016

$114,900

1,968 sqft 0.15 AC lot

Portfolio includes three rental duplex properties (6 units) in Anderson, IN
Properties were built in 1885
Addresses included: 403‑405 W 5th St, 615‑615 1/2 Madison, and 1815‑1815 1/2 Fletcher
Floor plan includes 5 bedrooms, 2 bathrooms, and a basement

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Updated: May 24

Fourplex with Rear 3BR Unit

714 W Cross Street, Anderson, IN 46011

$375,000

0.41 AC lot

Five total rental units on a single property, including four 2‑bedroom/1‑bath units and one 3‑bedroom/2‑bath unit.
Fully occupied, generating nearly $5,000 per month in rental income.
Strong, consistent cash flow from day one.
Separate rear unit ideal for premium rent or owner‑occupancy.
High‑yield, turnkey investment property.

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Triplex Investment Property

604 Hendricks Street, Anderson, IN 46016

$200,000

0.19 AC lot

Triplex with two 2-bedroom units and one 1-bedroom unit, separately metered electric, and tenant water/sewer utility charges.

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All-Brick Two-Story 8-Unit Apartment

1120 E 30th Street, Anderson, IN 46016

$339,000

7,344 sqft

Value-add 8-unit building with all-brick construction, street-to-street lot, and separately metered electricity and gas.

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Four-Plex Residential Income Property

319 Hst W 10th Street, Anderson, IN 46016

$385,000

0.15 AC lot

Well-maintained four-plex with updated interiors, in-unit laundry hookups, and designated parking for each unit.

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Converted Triplex with Private Entrances

1015 Delaware Street, Anderson, IN 46016

$264,990

0.12 AC lot

Converted triplex offers three levels with private entrances, each providing a 2-bedroom unit with kitchen, living area, and full bath.

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Duplex with Shared Washer/Dryer

1202 E 8th, Anderson, IN 46012

$200,000

0.13 AC lot

Duplex completed in 2016 with shared basement washer/dryer and individually metered electric serving two leased units.

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Apartment Development Opportunity

1530 Pearl Street, Anderson, IN 46016

$85,000

3,966 sqft

Existing structures support a proposed 7-unit residential development near Downtown Anderson.

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Four-Unit Residential Income Property

3004 Columbus Avenue, Anderson, IN 46016

$199,900

0.14 AC lot

Four tenant-occupied units with separate electric meters, electric heat, and multiple recent exterior and utility updates.

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Duplex with Detached Garage

239 W 38th Street, Anderson, IN 46013

$119,000

1,840 sqft 0.14 AC lot

Duplex offers two 1-bedroom apartments plus two-bedroom unit, off-street parking, and a full basement.

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Versatile Mixed-Use Property For Sale

2500 E 10th St, Anderson, IN 46012

$595,000

Mixed-use property with commercial, industrial, and residential spaces.

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4-Unit Multifamily Building

1432 Ohio Avenue, Anderson, IN 46016

$239,900

0.15 AC lot

Four-unit multifamily property in Anderson, Indiana, recently renovated and offered for sale with reported $2,800 monthly income.

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Multifamily Income Property with ADU

1413 Walnut Street, Anderson, IN 46016

$275,000

0.04 AC lot

Duplex plus a detached 1-bed ADU, with two units generating income and one unit vacant for turnover.

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Updated Triplex-Ready Duplex

120 W 5th Street, Anderson, IN 46016

$165,000

0.09 AC lot

Updated duplex with three unit options, each featuring a kitchen, washer/dryer hookup, and bedrooms.

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Two-Story Duplex with Two Units

1308-1310 Cincinnati Avenue, Anderson, IN 46016

$87,900

0.08 AC lot

Two-story duplex with a vacant 2-bedroom unit and a tenant-occupied 3-bedroom unit for immediate rental continuity.

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Based on your search, we've compiled 40 Potential Opportunities for your consideration. Besides 15 Active listings in Anderson, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 17 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Two-Building Apartment Quadplex

2234 W Memorial Drive, Muncie, IN 47302

$239,900

0.34 AC lot

Two buildings with four total units are currently fully occupied, offering a mix of one- and two-bedroom layouts.

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Three-Unit Multifamily Package

617 W Memorial Drive, Muncie, IN 47302

$199,900

1,134 sqft 0.11 AC lot

For-sale three-unit multifamily package includes units on three separate addresses in Muncie, Indiana.

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Triplex with Renovation Opportunities

528 South Street, Noblesville, IN 46060

$300,000

0.16 AC lot

Three-unit triplex with one occupied 2BR/1BA unit and two vacant units with demo started for renovation.

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Leased Duplex With Ground-Floor Unit

1419 S 9th Street, Noblesville, IN 46060

$350,000

0.15 AC lot

Fully leased duplex with a ground-floor unit and multiple upstairs units, plus some recent unit updates.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing

0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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University Park Developable Land

976 Mesa Court, University Park, IL 60484

Contact for pricing

3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Prime Land Off US HWY

Briar Creek lot: #1, Lawrenceburg, KY 40342

$345,500

2.27 AC lot

2.27 acres with excellent visibility and easy access.

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Residential Land in Mount Gilead

7326 State Route 19, Mount Gilead, OH 43338

Contact for pricing

0.40 AC lot

Land available in Mount Gilead with lake amenities.

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Off-Market Properties in Anderson, IN

Consider similar Off-Market properties in Anderson, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.