Active

403-405 W 5th Street

Duplex • 141Y Old
$114,900 Listed 5 months ago
5 Bedrooms
2 Bathrooms
1968 sqft
0.15 Acres
Basement
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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.

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Property
MLS # 202613964
Date Listed 2026-04-17
Status Active
Property Type Investment
Property SubType Duplex
Finished Square Feet 1,968 sqft
Total Square Feet 2,165 sqft
New Construction No
Style Two Story
Type Duplex
Basement Yes
Bedrooms 5
Bathrooms 2
Annual Taxes $750.00
Year Taxes Payable 2026
Year Built 1885
Days on Market 169
Homestead Year No
Room Dimensions
Living Room 1 × 1 Level
Family Room 625 × Level
5th Bedroom 2 × 2 Level
Bathroom Locations
Full Baths 5 Main
External Features
Construction Duplex
Lot Size 6,534 sq ft
Acreage 0.15 Acres
Lot Dimensions 72x96
Fence None
Location
Area Madison County
County Madison
Subdivision Other
Township Anderson
City Anderson
State IN
Zip 46016
Schools
School District Anderson Community
Elementary Anderson
Middle School Highland
High School Anderson
Financial
Assoc. Dues $0.00 Not Applicable
Contact

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MLS# 202613964
Listing Provided Courtesy of Ryan Orr
RE/MAX Real Estate Groups
Cell: 765-744-9500

Listing updated September 12, 2026 at 10:00 am
Last checked 13 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and 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.