Anderson, IN 46016 403-405 W 5th Street

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Presented By: Ryan Orr with RE/MAX Real Estate Groups; Cell: 765-744-9500
  • MLS# 202613964
  • 04/17/2026
  • Get pre-approved
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  • Beds • 5
  • Baths • 2
  • SQFT • 1,968

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 403-405 W 5th Street

Bedrooms

Num. of 1 Bedrooms0
Num. of 2 Bedrooms1
Num. of 3 Bedrooms1
Num. of 4 Bedrooms0
Unit 1-# of Bedrooms3
Unit 2-# of Bedrooms2
Above Grade Bedrooms5
Beds5
Below Grade Bedrooms

Bathrooms

Unit 1-# of Bathrooms1
Unit 2-# of Bathrooms1
Below Grade Baths

Other Interior Features

Total Finished SqFt1968
Basement Y/NYes
Above Grade Finished SqFt1968
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt197
Main Level SqFt1312
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 403-405 W 5th Street

Age141
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
Bathrooms2
CityAnderson
ClassINVESTMENT
CoolingNone
DOM34
Elementary SchoolAnderson
FIPS Code18095
FeaturesBasement
Full Baths2
Half Baths
HeatingGas, Forced Air
High SchoolAnderson
Legal DescriptionHAZLETTS 96' N END L 131
Middle SchoolHighland
Net Income13851.34
New ConstructionNo
OwnerPaysBuilding Insurance, Maintenance, Tax
Pet Restrictions Y/NNo
REONo
Rent Income15900
School DistrictAnderson Community
SewerCity
StatusActive
StatusActive
Status Detail0
Stories Count2
StyleTwo Story
SubdivisionOther
Tax Year2026
Tenant PaysElectric, Fuel, Sewer, Water
Total Sq Ft2165
TownshipAnderson
TypeDuplex
Year Built1885

Exterior for 403-405 W 5th Street

Approx. Lot Size Acres0.15
ExteriorOther
Lot DescriptionLevel
Lot Dimensions72x96
Lot Size Area6534
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 $114,900
MLS#202613964
List Date 04/17/2026
Property Type Multi-Family
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