Anderson, IN 46016 1815 & 1815 1/2 Fletcher Street

1815 & 1815 1/2 Fletcher Street Anderson, IN - Image 11815 & 1815 1/2 Fletcher Street Anderson, IN - Image 21815 & 1815 1/2 Fletcher Street Anderson, IN - Image 3
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1815 & 1815 1/2 Fletcher Street Anderson, IN - Image 41815 & 1815 1/2 Fletcher Street Anderson, IN - Image 51815 & 1815 1/2 Fletcher Street Anderson, IN - Image 61815 & 1815 1/2 Fletcher Street Anderson, IN - Image 71815 & 1815 1/2 Fletcher Street Anderson, IN - Image 81815 & 1815 1/2 Fletcher Street Anderson, IN - Image 91815 & 1815 1/2 Fletcher Street Anderson, IN - Image 101815 & 1815 1/2 Fletcher Street Anderson, IN - Image 111815 & 1815 1/2 Fletcher Street Anderson, IN - Image 121815 & 1815 1/2 Fletcher Street Anderson, IN - Image 131815 & 1815 1/2 Fletcher Street Anderson, IN - Image 14
Presented By: Ryan Orr with RE/MAX Real Estate Groups; Cell: 765-744-9500
  • MLS# 202613960
  • 04/17/2026
  • Get pre-approved
  • Request Tour
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  • Beds • 4
  • Full/Half Baths • 2 / 1
  • SQFT • 2,058

Home Details

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. Seller will sell individually or as a group-addresses: 403-405 W 5th St, 615-615 1/2 Madison and 1815 - 1815 1/2 Fletcher.
Presented By: Ryan Orr with RE/MAX Real Estate Groups; Cell: 765-744-9500

Interior Features for 1815 & 1815 1/2 Fletcher Street

Bedrooms

Num. of 1 Bedrooms0
Num. of 2 Bedrooms2
Num. of 3 Bedrooms0
Num. of 4 Bedrooms0
Unit 1-# of Bedrooms2
Above Grade Bedrooms4
Beds4
Below Grade Bedrooms

Bathrooms

Unit 1-# of Bathrooms1.5
Below Grade Baths

Other Interior Features

Total Finished SqFt2058
Basement Y/NYes
Above Grade Finished SqFt2058
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt424
Main Level SqFt1211
Num. of Efficiencies0
BasementCrawl, Partial Basement, Unfinished
Dishwasher(s)
Disposal(s)
Dryer(s)
FlooringOther
Microwaves
Ranges/Ovens2
Refrigerators2
Total Number of Units2
W/D Hookups
Washers

Other Rooms

Total Rooms Below Grade

General for 1815 & 1815 1/2 Fletcher Street

Age142
Agent First NameRyan
Agent Last NameOrr
Annual Electric Expense
Annual Fuel Expense
Annual Insurance Expense750
Annual Trash Expense
AreaMadison County
Assoc. Dues FrequencyNot Applicable
Associated Document Count2
Auction Y/NNo
Bathrooms3
CityAnderson
ClassINVESTMENT
CoolingNone
DOM34
Elementary SchoolAnderson
FIPS Code18095
FeaturesBasement
Full Baths2
Half Baths1
HeatingGas, Forced Air
High SchoolAnderson
Legal DescriptionHETTLES L 012
Middle SchoolHighland
Net Income15975.73
New ConstructionNo
OwnerPaysTax
Pet Restrictions Y/NNo
REONo
Rent Income21012
School DistrictAnderson Community
SewerCity
StatusActive
StatusActive
Status Detail0
Stories Count2
StyleTwo Story
SubdivisionOther
Tax Year2025
Tenant PaysElectric, Fuel, Trash Collection
Total Sq Ft2482
TownshipAnderson
TypeDuplex
Year Built1884

Exterior for 1815 & 1815 1/2 Fletcher Street

Approx. Lot Size Acres0.13
ExteriorVinyl
Lot DescriptionLevel
Lot Dimensions43x136
Lot Size Area5663
Number of Parking Spaces4
OutbuildingNone
PoolNo
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Anderson High School
Elementary School Anderson Elementary School
Middle School Highland Middle School

Ryan Orr

Associate
Price $112,900
MLS#202613960
List Date 04/17/2026
Property Type Multi-Family
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