Active

$114,900

403-405 W 5th St, Anderson, IN 46016

5beds

1,968sqft

$863/mo

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Duplex

Built in 1885

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

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.

169 days
391
32

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

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