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
- 77 days |
- 643 |
- 40 |
Zillow last checked:
Listing updated:
Listed by:
Ryan Orr Cell:765-744-9500,
RE/MAX Real Estate Groups
Source: IRMLS,MLS#: 202613964
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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 | -- | $45,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 46016
Nearby schools
GreatSchools rating
- 3/10Eastside 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Madison County
- Anderson
- 46016
- 403-405 W 5th St
Nearby cities
Nearby zip codes
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