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.
Active
$114,900
403-405 W 5th St, Anderson, IN 46016
5beds
1,968sqft
Duplex
Built in 1885
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 122 days |
- 534 |
- 36 |
Zillow last checked:
Listing updated:
Listed by:
Ryan Orr Cell:765-744-9500,
RE/MAX Real Estate Groups
Source: IRMLS,MLS#: 202613964
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Cooling
- None
Features
- Flooring: Other
- Basement: Crawl Space,Partial,Unfinished
Interior area
- Total structure area: 2,165
- Total interior livable area: 1,968 sqft
- Finished area above ground: 1,968
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,534 Square Feet
- Dimensions: 72x96
- Features: Level
Details
- Additional structures: None
- Parcel number: 481112301139.000003
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Other
- Foundation: Basement
Condition
- New construction: No
- Year built: 1885
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: Other
Location
- Region: Anderson
Financial & listing details
- Tax assessed value: $55,900
- Annual tax amount: $1,298
- Date on market: 4/20/2026
- Inclusions: Building, Lease
- Lease term: 12 Months
- Total actual rent: 15900
- Tenant pays: Electricity, Fuel, Sewer, Water
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/20/2026 | Listed for sale | $114,900 |
Source:  IRMLS #202613964 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,104 +8% | $55,900 +12.5% |
| 2024 | $1,022 +1.8% | $49,700 +8.8% |
| 2023 | $1,005 +8.1% | $45,700 +1.8% |
| 2022 | $929 +4.4% | $44,900 +8.7% |
| 2021 | $890 +40.1% | $41,300 +4.8% |
| 2020 | $636 -25.3% | $39,400 +40.2% |
| 2019 | $850 +61.7% | $28,100 +6.4% |
| 2018 | $526 | $26,400 +0.4% |
| 2017 | $526 -1.9% | $26,300 |
| 2016 | $536 +0.4% | $26,300 -1.5% |
| 2014 | $534 | $26,700 |
| 2013 | $534 +2.3% | $26,700 +2.3% |
| 2012 | $522 | $26,100 -6.8% |
| 2011 | -- | $28,000 |
| 2010 | $560 -33.3% | $28,000 |
| 2009 | $840 | $28,000 -34.1% |
| 2006 | -- | $42,500 -5.8% |
| 2005 | -- | $45,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 46016
Nearby schools
GreatSchools rating
- 4/10Eastside Elementary SchoolGrades: K-5Distance: 2.1 mi
- 5/10Highland Jr High SchoolGrades: 7-8Distance: 3.4 mi
- 3/10Anderson High SchoolGrades: 9-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: Anderson
- Middle: Highland
- High: Anderson
- District: Anderson Community
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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