$54,900

1808 Nichol Ave Anderson, IN 46016

Estimated payment $362/month

2 Beds
1 Bath
1,136 Sq Ft
$48 Price per Sq Ft

Highlights

  • Ranch Style House
  • No HOA
  • Forced Air Heating System
  • Wood Flooring
  • Laundry Room
  • Combination Dining and Living Room

About This Home

Investor Alert! Don't miss this great value-add single family home located near downtown Anderson. Once renovated it should rent for above the 1% rule!! The home has 2 bedrooms, 1 bathroom, a formal living room, formal dining room, spacious kitchen, and a laundry room. Just over 1100sq ft of finished living space. There is also an unfinished basement - great for extra storage, a workout area, workshop, etc. Property also has a large concrete pad in the back for dedicated off street parking. It is currently vacant. No HOA! Excellent location within one mile of downtown Anderson, the property benefits from convenient access to local amenities and public transportation, further enhancing rental demand. Whether you're looking to expand your portfolio with a value-add cash-flowing rental or prefer a BRRRR or flip 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. Cash or hard money only due to condition.

Listing Agent

Peter Stewart

Keller Williams Indpls Metro N License #RB15000083 Listed on: 11/21/2025

Keller Williams Indpls Metro N

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $866

Year Built

  • Built in 1929

Parking

  • Alley Access

Home Design

  • Ranch Style House
  • Fixer Upper
  • Block Foundation
  • Aluminum Siding

Interior Spaces

  • 1,136 Sq Ft Home
  • Combination Dining and Living Room
  • Wood Flooring
  • Gas Oven
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Dryer Hookup

Additional Features

  • 5,863 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 481114201098000003

Home Details

Home Type

Single Family

Est. Annual Taxes

$866

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1929
  • Building Area Total: 2272
  • Garage Y N: No
  • Lot Size Acres: 0.14
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Appliances: Gas Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors
  • Living Area: 1136
  • Spa Y N: No
  • Eating Area: Dining Combo/Living Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1136
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0

Exterior Features

  • Construction Materials: Aluminum Siding
  • Foundation Details: Block
  • Patio And Porch Features: Covered
  • Pool Private Y N: No
  • Property Condition: Fixer
  • View Y N: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Alley Access, Other

Utilities

  • Cooling: None
  • Heating: Forced Air
  • Laundry Features: Connections All, Main Level
  • Water Source: Public
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Property Attached Yn: No
  • Additional Parcels: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 5863
  • Parcel Number: 481114201098000003
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 866
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 433
  • Tax Exemption: None

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $867 $39,000 $7,200 $31,800
2023 $799 $35,700 $6,800 $28,900
2022 $803 $35,900 $6,700 $29,200
2021 $745 $33,100 $6,600 $26,500
2020 $709 $31,400 $6,300 $25,100
2019 $590 $26,100 $6,300 $19,800
2018 $563 $24,400 $6,300 $18,100
2017 $484 $24,200 $6,300 $17,900
2016 $484 $24,200 $6,300 $17,900
2014 $430 $21,500 $6,600 $14,900
2013 $430 $21,500 $6,600 $14,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2025 11/21/25 For Sale $54,900 -- $48 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Indiana Land Title
Limited Warranty Deed $30,000 Rowland Title
Warranty Deed -- --
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22072985

MIBOR Broker Listing Cooperative®

APN: 48-11-14-201-098.000-003

Indiana Madison County Anderson 46016

1808 Nichol Ave, Anderson, IN

For Sale

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MIBOR Broker Listing Cooperative® 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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Peter Stewart
Listing Agent
Peter Stewart
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Keller Williams Indpls Metro N
(765) 396-6022