Seller's Agent in 2025
Justin Lowe
Ellsbury Commerical Group
(765) 401-1122
2 in this area
44 Total Sales
1222 Nichol Ave Anderson, IN 46016
16
Beds
3
Baths
3,342
Sq Ft
0.43
Acres
About This Home
As of September 2025This is a fantastic chance to own a well-located, 4-unit multi-family property in Anderson, Indiana. Perfect for investors looking for immediate income and long-term potential. This property features 4 separate units, offering diverse unit mixes including a 4 bedroom and 3 bathroom apartment. All units have been upgraded with new flooring and fixtures throughout both buildings. Gross monthly rent potential of over $3000 and a cap rate of 9%. Property sits within walking distance to Anderson University. Anderson is an emerging market with a growing rental. Additional information can be obtained by reaching out to the broker.
Last Agent to Sell the Property
Ellsbury Commerical Group License #RB19001645 Listed on: 05/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,806
Year Built
- Built in 1916
Home Design
- Quadruplex
Bedrooms and Bathrooms
- 16 Bedrooms
- 3 Bathrooms
Schools
- Highland Middle School
- Anderson Intermediate School
Additional Features
- 2-Story Property
- 0.43 Acre Lot
- Basement
Listing and Financial Details
- Tenant pays for all utilities
- The owner pays for not applic
- Tax Lot 3
- Assessor Parcel Number 481114101188000003
- Seller Concessions Not Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 12, 2025
Closed on
Sep 24, 2025
Sold by
Ibyh Llc
Bought by
Cobblestone Properties Llc
Seller's Agent
Justin Lowe
Ellsbury Commerical Group
Buyer's Agent
Justin Lowe
Carpenter, REALTORS®
List Price
$425,000
Sold Price
$350,000
Premium/Discount to List
-$75,000
-17.65%
Views
35
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-32.30%
Original Mortgage
$431,250
Outstanding Balance
$425,148
Interest Rate
6.5%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$100,148
Purchase Details
Closed on
Oct 2, 2019
Sold by
Madison County Auditor
Bought by
Ibyh Llc
Purchase Details
Closed on
Apr 2, 2017
Sold by
Wiper Corp
Bought by
Hopkins William
Purchase Details
Closed on
Jul 1, 2013
Sold by
Madison County Auditor
Bought by
Wiper Corp
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $3,700 | None Available | |
| Deed | -- | -- | |
| Sheriffs Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $431,250 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/29/2025 09/29/25 | Sold | $350,000 | -17.6% | $105 / Sq Ft |
| 07/16/2025 07/16/25 | Pending | -- | -- | -- |
| 05/12/2025 05/12/25 | For Sale | $425,000 | 0.0% | $127 / Sq Ft |
| 09/20/2024 09/20/24 | For Rent | $1,150 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,807 | $171,300 | $6,600 | $164,700 |
| 2024 | $3,807 | $171,300 | $6,600 | $164,700 |
| 2023 | $3,481 | $155,600 | $6,300 | $149,300 |
| 2022 | $1,555 | $69,500 | $5,900 | $63,600 |
| 2021 | $639 | $28,400 | $5,800 | $22,600 |
| 2020 | $249 | $27,200 | $5,600 | $21,600 |
| 2019 | $737 | $32,600 | $5,600 | $27,000 |
| 2018 | $2,257 | $30,200 | $5,600 | $24,600 |
| 2017 | $600 | $30,000 | $5,600 | $24,400 |
| 2016 | $600 | $30,000 | $5,600 | $24,400 |
| 2014 | $800 | $40,000 | $6,800 | $33,200 |
| 2013 | $800 | $140,300 | $6,800 | $133,500 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Lowe
-
David Orton
Seller Co-Listing Agent in 2025
David Orton
Ellsbury Commerical Group
(317) 412-1572
1 in this area
13 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22036964
APN: 48-11-14-101-188.000-003
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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