1222 Nichol Ave Anderson, IN 46016
Estimated payment $2,664/month
About This Home
This 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,806
Year Built
- Built in 1916
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
- The owner pays for not applic
- Tax Lot 3
- Assessor Parcel Number 481114101188000003
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Pending | -- | -- | -- |
| 07/12/2025 07/12/25 | For Rent | $890 | 0.0% | -- |
| 06/11/2025 06/11/25 | Off Market | $890 | -- | -- |
| 06/04/2025 06/04/25 | Price Changed | $890 | +4.7% | -- |
| 05/15/2025 05/15/25 | Price Changed | $850 | 0.0% | -- |
| 05/12/2025 05/12/25 | For Sale | $425,000 | 0.0% | -- |
| 04/18/2025 04/18/25 | For Rent | $820 | -28.7% | -- |
| 09/20/2024 09/20/24 | For Rent | $1,150 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $3,700 | None Available | |
| Deed | -- | -- | |
| Sheriffs Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $279,200 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22036964
APN: 48-11-14-101-188.000-003
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