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Anderson, IN Multifamily Homes & Duplexes for Sale

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  • /14

    $134,000

    • 3 Beds
    • 2 Baths

    239 W 38th St, Anderson, IN 46013

    Great investment opportunity in Anderson. Take advantage of this conveniently located duplex that is currently fully rented on a main street in Anderson Owner has had property managed professionally. The lower unit is two bedroom, one bath. The upper unit is one bedroom, one bath. The 2-car detached garage is currently being rented for storage separately for additional income Tenants do

    Agent Photo

    Samuel Schlagel

    F.C. Tucker/Crossroads

    (765) 295-7032

    239 W 38th St, Anderson, IN 46013
  • /32

    $254,900

    • 5 Beds
    • 2.5 Baths
    • 2,135 Sq Ft

    122 Darin Ct, Anderson, IN 46012

    Welcome to this fully renovated duplex. Each unit features new flooring throughout, updated kitchens with granite counter tops and new appliances. Bathrooms have been completely remodeled, with new vanities, toilets and tub surrounds. Both units have been repainted and new light fixtures installed. The roof and HVAC are new, along with new duct work. Unit 1 has 2 bedrooms, 1 full bath and

    Erin Phillips RE/MAX Real Estate Groups

    122 Darin Ct, Anderson, IN 46012
  • /8

    $165,000

    • 4 Beds
    • 2 Baths

    131 W 13th St, Anderson, IN 46016

    Investor Special! This Anderson duplex checks all the boxes: $1,750/month gross rents on a $165K list price, beating the 1% rule. Each unit is separately metered, and tenants cover all utilities, lawn care, and snow removal. Major updates completed: new siding (2022), some new windows, updated flooring & carpet (2022), plus new appliances, furnace, and water heater (2024). With big-ticket

    Alyssa Burton Inspired Realty

    131 W 13th St, Anderson, IN 46016
  • /16

    $170,000

    • 4 Beds
    • 3 Baths

    1309 Brown St, Anderson, IN 46016

    Just about as turnkey as it gets. All three units occupied and pulling in great cashflow. Two fully renovated units with one ready to be updated for some value add later on. Now is your opportunity to acquire a cash flowing property while you still can!

    Austin Main Resolute Realty

    1309 Brown St, Anderson, IN 46016
  • /39

    $269,000

    • 4 Beds
    • 4 Baths

    1432 Ohio Ave, Anderson, IN 46016

    1432 Ohio Ave, presenting a prime investment in the city of Anderson! This large 4-unit building has recently experienced an extensive six figure renovation & is now up for sale with income generating $2,800 monthly. This property is in the central heart of Anderson & close to everything making this a top tier location for occupants, & a high quality investment portfolio addition!

    Stuart Houghton Keller Williams Indy Metro S

    1432 Ohio Ave, Anderson, IN 46016
  • /15

    $87,000

    • 3 Beds
    • 2 Baths

    1820 Central Ave, Anderson, IN 46016

    Excellent investment opportunity in the heart of Anderson! This two-story duplex features two rental units with strong income potential and a location that keeps demand high. Situated close to downtown, the hospital, and public transportation, this property attracts consistent tenants seeking convenience and accessibility. Unit One: 2 bedrooms, 1 bath -spacious layout ideal for long-term renters.

    Hilary Casstevens Epique Inc

    1820 Central Ave, Anderson, IN 46016
  • /20

    $214,900

    • 4 Beds
    • 2 Baths

    1507 W 7th St, Anderson, IN 46016

    Located at 1507 W 7th ST, Anderson, IN, this duplex in Madison County presents a unique opportunity to own a piece of history. Built in 1910, this property offers a glimpse into a bygone era, while holding incredible potential. This two-story property is waiting for you to come and see all it has to offer. This charming, vintage duplex offers a remarkable chance to create a living space

    Sonya Pickett RE/MAX Real Estate Solutions

    1507 W 7th St, Anderson, IN 46016
  • /6

    $425,000

    • 8 Beds
    • 5 Baths

    2701 E 8th St, Anderson, IN 46012

    Investor opportunity! This fully occupied 3-unit apartment complex offers immediate income potential with a total of 8 bedrooms and 5 bathrooms. The property includes two spacious 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit, all with strong rental history and dependable tenants already in place. The home has easy access to shops, dining, and local amenities, making it ideal for guests

    Greg Cole Carpenter, REALTORS®

    2701 E 8th St, Anderson, IN 46012
  • /9

    $50,000

    • 3 Beds
    • 2 Baths

    2209 Noble St, Anderson, IN 46016

    Blank canvas for your creativity! This duplex is taken down to the studs, ready for a complete transformation. Whether you're looking to generate income with a dual rental property, or convert it into a spacious two-story single-family home, this property offers the flexibility and foundation to bring your plans to life. New roof and windows throughout! Property being sold as-is. Hold harmless

    Lindsay Wolfe Trueblood Real Estate

    2209 Noble St, Anderson, IN 46016
  • /6

    $144,900

    • 3 Beds
    • 3 Baths

    1316 E 7th St, Anderson, IN 46012

    Investment Opportunity in Chestnut Park! Well maintained 3 unit Multi-Family property near the University. Property backs up to to the university campus. Gross annual income of $13,500. Two apartment units and an efficiency unit. All units come with a Stove and Refrigerator. On-site parking and street parking.

    Justin Puckett Keller Williams Indy Metro NE

    1316 E 7th St, Anderson, IN 46012
  • /89

    $72,000

    • 3 Beds
    • 2 Baths

    2223 Nichol Ave, Anderson, IN 46016

    Seller financing available! Investor Opportunity! This unique property was originally two separate houses, now connected by two large meeting rooms-the multi-use property with 9,582 sqft, featuring some deficiencies, but priced to sell. The two original homes, one with the potential of a separate, efficient apartment, could serve as residences or generate rental income. The two large open areas

    Kevin Majeski Carpenter, REALTORS®

    2223 Nichol Ave, Anderson, IN 46016
  • /21

    $170,000

    • 5 Beds
    • 3 Baths

    120 W 5th St, Anderson, IN 46016

    Welcome to 120 and 118 W Fifth Street - a beautifully updated duplex located just steps from downtown Anderson. This property is the perfect blend of classic charm and modern style with great curb appeal and loads of character. This versatile property offers three spacious units with many updates, vintage details, and abundant natural light. With a third unit already in the home, it can be easily

    Michael Nauman RE/MAX Advanced Realty

    120 W 5th St, Anderson, IN 46016
  • /8

    $400,000

    • 8 Beds
    • 4 Baths

    319 Hst W 10th St, Anderson, IN 46016

    Quadplex in the heart of Anderson's historic district, steps from downtown. Completely remodeled! Each unit with 2 bedrooms/1 bathroom. Great, modern finishes, open layout, new laminate flooring, kitchens with granite countertops.

    Justin Puckett Keller Williams Indy Metro NE

    319 Hst W 10th St, Anderson, IN 46016
  • /11

    $124,900

    • 3 Beds
    • 2 Baths

    1309 Pearl St, Anderson, IN 46016

    Investment property located just minutes from downtown Anderson! This duplex features a 1-bed/1-bath unit and a 2-bed/2-bath unit with separate entry. Tenants pay all utilities and there is a new water line from the street to the home. Whether you are a seasoned investor or just starting your portfolio, this property offers great income potential in a desirable area!

    Cory Parker RE/MAX Real Estate Solutions

    1309 Pearl St, Anderson, IN 46016
  • /25

    $210,000

    • 6 Beds
    • 3 Baths

    20 & 22 W 8th St, Anderson, IN 46016

    Attention Investors! This downtown gem has loads of potential!!! Recently updated, this building has a finished 3,182 sq. ft ready for your needs. This is actually two buildings, 20 & 22 W. 8th. They have long been combined, there are two doorways through the firewall. The east side features a huge full bath and washer dryer hookups. The building is zoned in the permissive B-2 class

    Nick Rodgers RE/MAX Real Estate Solutions

    20 & 22 W 8th St, Anderson, IN 46016
  • /36

    $169,900

    • 2 Beds
    • 2 Baths
    • 1,508 Sq Ft

    334 Central Ave, Anderson, IN 46012

    Tenants fall in love with this charming mid-century modern duplex just one block from Anderson University. Each unit boasts an attached garage with included opener, a 12’x17’ spacious hardwood floor bedroom, galley kitchens with new or newer appliances, granite countertops, dishwashers, disposals, washer-dryer hookups and more. The large living rooms feature brick fireplaces, floor-to-ceiling

    Jon Green F.C. Tucker / Prosperity

    334 Central Ave, Anderson, IN 46012
  • /10

    $92,150

    • 1,344 Sq Ft

    731 W 9th St Unit Anderson, Anderson, IN 46016

    Welcome to this charming duplex at 731-733 West 9th Street, Anderson, Indiana. Built in 1941, this property offers an excellent investment opportunity with two units, each designed to provide comfortable living spaces. Unit 731 features one bedroom and one bathroom, perfect for singles or couples. Unit 733 offers two bedrooms and one bathroom, ideal for small families or tenants needing extra

    BRIAN INGLE FC Tucker Richmond

    731 W 9th St Unit Anderson, Anderson, IN 46016
  • /38

    $130,000

    • 4 Beds
    • 2 Baths

    2420 Fletcher St, Anderson, IN 46016

    Investor ready! Renovated duplex ready for its new owner. Both units are currently occupied. Great income producing potential! Each side features 2 bedrooms, 1 bathroom, large living room and kitchen, and separate laundry room. Property to be sold as-is! Both units have had electric updated.

    Justin Puckett Keller Williams Indy Metro NE

    2420 Fletcher St, Anderson, IN 46016
  • /17

    $1,270,000

    • 4 Beds
    • 3 Baths

    2976 N Scatterfield Rd, Anderson, IN 46012

    Multi Use commercial/residential building. 100% leased, great cash flow! Three commercial units with multi-year leases w/ extension options. Seven residential apartments. Many recent updates including new HVAC, Parking lot repairs, indoor and outdoor lighting converted to LED for energy efficiency, exterior painting, roofing, sewer line repairs, and a vast amount of interior remodeling for

    Barry Hines Realty Wealth Advisors

    2976 N Scatterfield Rd, Anderson, IN 46012

Why Live in Anderson

Anderson, located 45 miles northeast of Indianapolis, IN, is a community known for its resilience and ongoing economic revival. Historically significant, Anderson was once dubbed the “Queen City of the Gas Belt” due to a natural gas boom in the early 20th century. Today, the city is diversifying its economy with major employers like Nestle, NTN Driveshaft, and Harrah’s Hoosier Park Racing and Casino. Anderson University, a Church of God-affiliated liberal arts institution, adds to the local culture and economy. The city’s downtown arts scene is anchored by the historic Paramount Theatre, which hosts various events, and the Anderson Museum of Art, which features local artwork and community events. Recreational opportunities abound with the White River Trail, Shadyside Lake, and Mounds State Park, known for its ancient earthworks. Anderson also offers two public golf courses and the Anderson Speedway for racing enthusiasts. Housing in Anderson reflects its varied history, with styles ranging from late 19th-century Queen Anne to mid-century ranch homes. The median home price is significantly lower than the national average, attracting buyers from nearby Indianapolis. Liberty Christian School is highly rated, providing quality education options. Despite challenges like occasional flooding near the White River and Killibuck Creek, Anderson’s community spirit and strategic location along Interstate 69 continue to drive its resurgence.

Home Trends in Anderson, IN

Housing Trends

Median Sale Price
$169,000
Median Single Family Sale Price
$165,000
Median Townhouse Sale Price
$150,000
Median 2 Bedroom Sale Price
$179,800
Average Price Per Sq Ft
$118
Number of Homes for Sale
196
Last 12 months Home Sales
989
Months of Supply
2.40
Median List Price
$178,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
6%
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