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    5-Unit Apartment Building
    Updated: Aug 22
    5-Unit Apartment Building

    2432 Main St, Anderson, IN 46016

    $335,000
    3,984 sqft
    5‑unit configuration with four 2‑bedroom, 1‑bath units and one studio
    All five units are currently tenant occupied
    Electrical panel, wiring, PEX plumbing, and vinyl windows updated within the past five years
    Newer furnaces and water heaters; roof is approximately 10 years old
    Attached garage storage area has water lines and is plumbed for a bathroom
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    This listing looks promising.

    Here's a quick look at some key insights for

    2432 Main St, Anderson, IN 46016

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    • Est. Cap Rate

      9.1%
      Above avg (5.9%)

    • Est. NOI

      $31K
      Annual

    • Price @ 7% Cap

      $437K
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1949
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    Six-Unit Duplex Portfolio
    Updated: Apr 17
    Six-Unit Duplex Portfolio

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

    $114,900
    1,968 sqft 0.15 AC lot
    Three duplex properties offered as a six‑unit portfolio
    1,968 square feet on 0.15 acres for one reported property
    Built in 1885
    Properties at 403‑405 W 5th Street, 615‑615 1/2 Madison, and 1815‑1815 1/2 Fletcher
    Historically strong occupancy with minimal vacancy reported
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    8-Unit Apartment Building
    8-Unit Apartment Building

    8436 E State Road 32, Anderson, IN 46017

    $999,900
    2.82 AC lot

    Constructed in 1975, the property contains multiple residential units in Anderson.

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    5-Unit Apartment Building
    5-Unit Apartment Building

    2432 Main Street, Anderson, IN 46016

    $335,000
    0.07 AC lot

    Residentially zoned property with updated building systems, tenant occupancy, and an attached garage with storage space.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Two-Story Duplex
    Two-Story Duplex

    3007-3009 E Lynn St, Anderson, IN 46016

    $139,000
    6,490 sqft

    Two-story duplex with outdoor space and a 1940 construction date.

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    Renovated Four-Unit Quadplex
    Renovated Four-Unit Quadplex

    1338 Ohio Avenue, Anderson, IN 46016

    $394,900
    0.12 AC lot

    Four updated studio apartments with new HVAC systems, water heaters, and separate metering for each unit.

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    Renovated Duplex
    Renovated Duplex

    421 W 7th, Anderson, IN 46016

    $137,000
    0.24 AC lot

    Two-unit property with one vacant upper unit and one occupied unit in Anderson’s historic district.

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    Updated Triplex With Detached Unit
    Updated Triplex With Detached Unit

    2231 Lincoln Street, Anderson, IN 46016

    $214,900
    0.16 AC lot

    Three leased one-bedroom apartments include appliances, updated finishes, and tenant-paid utilities except water.

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    8-Unit Apartment Building
    8-Unit Apartment Building

    8436 E State Road 32, Anderson, IN 46017

    $999,990
    10,000 sqft

    Residential income property with eight units at an Anderson address.

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    Updated Duplex with Basement
    Updated Duplex with Basement

    1202 E 8th, Anderson, IN 46012

    $187,000
    0.13 AC lot

    Two-unit property with individual electric metering, shared laundry, and upgraded mechanical systems.

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    Two-Story Duplex
    Two-Story Duplex

    3007-3009 E Lynn Street, Anderson, IN 46016

    $139,000
    0.15 AC lot

    Two-story duplex with outdoor space for activities or future enhancements.

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    Six-Unit Duplex Portfolio
    Six-Unit Duplex Portfolio

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

    $114,900
    1,968 sqft

    Three maintained rental properties offer six residential units across the Anderson market.

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    3-Unit Single-Story Triplex
    3-Unit Single-Story Triplex

    2403 Fletcher, Anderson, IN 46016

    $119,900
    0.14 AC lot

    Multifamily property with three single-story units and basement space.

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    Three-Unit Triplex with Separate Metering
    Three-Unit Triplex with Separate Metering

    604 Hendricks Street, Anderson, IN 46016

    $187,000
    0.19 AC lot

    Residential income property with two two-bedroom units, one one-bedroom unit, and tenant-paid water and sewer charges.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    2432 Main Street, Anderson, IN 46016

    $335,000
    3,984 sqft

    Tenant-occupied apartment property with updated electrical, plumbing, and windows, plus coin-operated laundry and attached storage.

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    Three-Unit Triplex Property
    Three-Unit Triplex Property

    1225 S 25th Street, Elwood, IN 46036

    $134,900
    0.13 AC lot

    Two units are occupied, while the property is offered as-is and requires repairs and updates.

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    Updated Triplex with Private Entrances
    Updated Triplex with Private Entrances

    1015 Delaware Street, Anderson, IN 46016

    $264,990
    0.12 AC lot

    Three-level brick property with separate entrances, refreshed interiors, and flexible residential configuration.

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    Updated Duplex with Shared Laundry
    Updated Duplex with Shared Laundry

    1202 E 8th, Anderson, IN 46012

    $200,000
    5,612 sqft

    Two-unit property with 2016 improvements, separate electric metering, and basement laundry serving both residences.

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    Quadplex with Updated Kitchens
    Quadplex with Updated Kitchens

    319 Hst W 10th Street, Anderson, IN 46016

    $385,000
    0.15 AC lot

    Four-unit residential income property with in-unit laundry hookups, assigned parking, and central air throughout.

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    Updated Triplex with Detached ADU
    Updated Triplex with Detached ADU

    2231 Lincoln St, Anderson, IN 46016

    $214,900
    6,750 sqft

    Three leased one-bedroom units include refreshed interiors, appliances, and tenant-paid utilities, with water remaining owner responsibility.

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    Renovated Four-Unit Quadplex
    Renovated Four-Unit Quadplex

    1432 Ohio Avenue, Anderson, IN 46016

    $229,555
    0.15 AC lot

    Anderson property includes a basement and has undergone recent renovation.

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    Duplex with Detached Garage
    Duplex with Detached Garage

    239 W 38th St, Anderson, IN 46013

    $119,000
    1,840 sqft

    Separate-entry upper apartment complements the main residence, full basement, and off-street parking.

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    7-Unit Apartment Building
    7-Unit Apartment Building

    1615 Main Street, Anderson, IN 46016

    $279,000
    0.11 AC lot

    Fully occupied apartment property with recent renovations, basement space, and Apartments General zoning.

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    Updated Ranch Duplex
    Updated Ranch Duplex

    208-210 Donnelly Drive, Anderson, IN 46011

    $199,000
    0.33 AC lot

    Two residential units include laundry space and an attached garage.

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    Madison County, IN Multifamily Properties Market Trends and Statistics

    Explore 71 multifamily properties for sale in Madison County, IN, showcased through 49 active listings on our real estate platform. These investment opportunities span a total of 140,356 square feet of properties for sale, with an estimated market value of $13,259,535.

    Sale prices for multifamily properties in Madison County, IN start at $39,900, averaging $323,403, and reaching up to $2,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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