403-405 W 5th ST, Anderson, IN 46016
403-405 W 5th ST, Anderson, IN 46016
403-405 W 5th ST, Anderson, IN 46016
403-405 W 5th ST, Anderson, IN 46016
403-405 W 5th ST, Anderson, IN 46016
403-405 W 5th ST, Anderson, IN 46016
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Kegan Inman

Kegan Inman

Inman Realty Company LLC

+1(812) 798-0204
Listed by Ryan Orr • RE/MAX Real Estate Groups • Cell: 765-744-9500
$ 114,900
Est. payment | /mo

5 Beds

2 Baths

1,968 SqFt

Save
$ 114,900
Est. payment | /mo
Save

5 Beds

2 Baths

1,968 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,968 sqft

MLS Listing ID IRM202613964

Bedrooms 5

Full Baths 2

HOA Y/N No

Year Built 1885

Annual Tax Amount $1,298

Tax Year 2026

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 72x96

Property Sub-Type Duplex

Property Description

This package features three consistently high-demand rental duplex properties (6 units) situated in the Anderson, IN market. The portfolio offers a secure, well-managed investment with immediate upside potential. Stable Income Stream: The properties demonstrate strong, reliable cash flow, supported by excellent historical rent collection and exceptional occupancy rates (minimal historical vacancy). Turnkey Efficiency: Current owners have meticulously maintained the units, significantly minimizing the need for immediate Capital Expenditure (CapEx). Value-Add Opportunity: Current rents are below prevailing market rates for comparable local properties, providing a clear path for substantial income growth through gradual rent increases to achieve market value. Tenant Stability: Due to diligent maintenance, the properties have high long-term tenant satisfaction, contributing to low turnover.

Location

State IN

County Madison County

Rooms

Basement Crawl Space, Partial, Unfinished

Interior

Heating Gas, Forced Air

Inclusions Building, Lease

Fireplace N

Exterior

View Y/N true

Total Parking Spaces 4

Building

Lot Description Level

Story Two

Sewer Public Sewer

Water City

Level or Stories Two

New Construction No

Schools

Elementary Schools Anderson

Middle Schools Highland

High Schools Anderson

School District Anderson Community

Others

Pets Allowed No

Tax ID 48-11-12-301-139.000-003

Acceptable Financing IRM202613964

Listing Terms IRM202613964

Special Listing Condition None

Pets Allowed No

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.

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403-405 W 5th ST

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Kegan Inman
Kegan Inman

Managing Broker Indiana RB22002037

+1(812) 798-0204 | kegan@inmanrealty.com

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