Listed with Ryan Orr, RE/MAX Real Estate Groups, Cell: 765-744-9500

Price $139,900
Status Active
Beds 4
Baths 2 Baths
Home size 2,020 sqft
Lot Size 6,970 sqft
Days on Market 2
This package features six consistently high-demand rental duplex properties (12 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. Seller will sell individually or as a group-addresses: 403-405 W 5th St, 1105-1107 W 11th St, 1109-1111 W 11th St, 1303-1305 Sycamore, 615-615 1/2 Madison and 1815 - 1815 1/2 Fletcher.
Property Type(s): Multi Family
Last Updated 4/20/2026 Tract Other
Year Built 1963 County Madison

SCHOOLS

School District Anderson Community
Elementary School Tenth Street
Jr. High School Highland
High School Anderson

Additional Details

APPLIANCES Range, Refrigerator
BASEMENT Crawl Space
CONSTRUCTION Aluminum Siding, Brick
HEAT Baseboard, Electric
LOT 6970 sq ft
LOT DESCRIPTION Level
LOT DIMENSIONS 50x144
SEWER Public Sewer
STORIES 1
STYLE 1 Level
SUBDIVISION Other
TAXES 1505.66
WATER Public
Listed with Ryan Orr, RE/MAX Real Estate Groups, Cell: 765-744-9500
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 4/22/26 3:16 AM PDT
Walk Score provided by walkscore.com

This IDX solution is (c) Diverse Solutions 2026.

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Metzger Auction to contact you even if your name is on a Federal or State "Do not call List".
Email a Friend