Investor Alert! Don't miss this great single-family ranch home located near downtown Anderson. This turnkey rental property is rented for $900/mo (tenant pays utilities) - nearly hitting the 2% rule!! The home sits on a corner lot and has 4 bedrooms, 1 bathroom, and nearly 1300sq ft of finished living space with a small unfinished basement. Large rear fenced yard with huge storage shed. No HOA! Excellent location within blocks of downtown Anderson, the property benefits from convenient access to local amenities and public transportation, further enhancing rental demand. If you're looking to expand your portfolio with a cash-flowing rental or prefer a BRRRR strategy, this property provides a golden chance to invest in a rapidly improving area. Capitalize on this opportunity and grow your real estate portfolio today! Property sold as-is.
Sold
$50,000
424 W 3rd St, Anderson, IN 46016
4beds
1,574sqft
Residential, Single Family Residence
Built in 1900
0.29 Acres Lot
$51,900 Zestimate®
$32/sqft
$1,266 Estimated rent
Home value
$51,900
$44,000 - $61,000
$1,266/mo
Zestimate® history
Owner options
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$1,266/mo
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$1,266/mo
Rent Zestimate®
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$243/mo
Est. payment
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$243/mo
Est. payment
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List your homeWhat's special
Corner lotLarge rear fenced yard
Zillow last checked:
Listing updated:
Listed by:
Peter Stewart 317-450-9202,
Keller Williams Indpls Metro N
Bought with:
Peter Stewart
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 22075412
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 4
Primary bedroom
- Level: Main
- Area: 169 Square Feet
- Dimensions: 13X13
Bedroom 2
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12X12
Bedroom 3
- Level: Main
- Area: 63 Square Feet
- Dimensions: 9X7
Bedroom 4
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12X10
Kitchen
- Level: Main
- Area: 143 Square Feet
- Dimensions: 11X13
Living room
- Level: Main
- Area: 192 Square Feet
- Dimensions: 12X16
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Oven, Refrigerator
Features
- Has basement: Yes
Interior area
- Total structure area: 1,574
- Total interior livable area: 1,574 sqft
- Finished area below ground: 0
Property
Features
- Levels: One
- Stories: 1
- Fencing: Fenced,Chain Link,Full
Lot
- Size: 0.29 Acres
- Features: Corner Lot
Details
- Parcel number: 481112204020000003
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Other
- Foundation: Block
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Matters
HOA
- Has HOA: No
Location
- Region: Anderson
Financial & listing details
- Price per square foot: $32/sqft
- Tax assessed value: $36,400
- Annual tax amount: $740
- Date on market: 12/8/2025
- Cumulative days on market: 3 days
Price history
| Date | Event | Price |
|---|---|---|
| 12/29/2025 | Sold | $50,000+2%$32/sqft |
Source:  MIBOR as distributed by MLS GRID #22075412 Report a problem | ||
| 12/10/2025 | Pending sale | $49,000$31/sqft |
Source: MIBOR as distributed by MLS GRID #22075412 Report a problem | ||
| 12/8/2025 | Listed for sale | $49,000+512.5%$31/sqft |
Source: MIBOR as distributed by MLS GRID #22075412 Report a problem | ||
| 12/11/2003 | Sold | $8,000$5/sqft |
Source: MIBOR as distributed by MLS GRID #2358607 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $740 +7.1% | $36,400 +9.3% |
| 2024 | $691 +1.3% | $33,300 +8.1% |
| 2023 | $682 +6.4% | $30,800 +1.3% |
| 2022 | $641 +4% | $30,400 +7% |
| 2021 | $617 +1.8% | $28,400 +4.4% |
| 2020 | $606 +3.8% | $27,200 +1.9% |
| 2019 | $584 +16.3% | $26,700 +6% |
| 2018 | $502 | $25,200 +0.8% |
| 2017 | $502 -1.2% | $25,000 |
| 2016 | $508 +12.4% | $25,000 +11.1% |
| 2014 | $452 | $22,500 |
| 2013 | $452 | $22,500 -39% |
| 2012 | $452 | $36,900 -3.9% |
| 2011 | -- | $38,400 +69.2% |
| 2010 | $457 -33.8% | $22,700 -1.3% |
| 2009 | $690 | $23,000 +0.4% |
| 2006 | -- | $22,900 +3.2% |
| 2005 | -- | $22,200 |
Find assessor info on the county website
Neighborhood: 46016
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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: 3.2 mi
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Estimated market value
$51,900
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$51,900
- Indiana
- Madison County
- Anderson
- 46016
- 424 W 3rd St
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