2122 Pearl St Anderson, IN 46016
Estimated payment $708/month
About This Home
Anderson quadplex ready for its next investor! This fully occupied four-unit property includes two main-level units and two upper-level units, all 1-bed and 1-bath apartments, offering a balanced layout and straightforward management. With current under-market rents producing approximately $1,725 per month in gross income, the property provides solid cash flow with room to grow as updates are completed between turns. Two storage sheds offer additional on-site utility for tenants or the owner. Priced near the 1.5% rule and with potential for a BRRR-style strategy, this property presents a rare opportunity to acquire an income-producing asset with clear value-add potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,252
Year Built
- Built in 1890
Lot Details
- 6,048 Sq Ft Lot
Parking
- 2 Car Garage
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tax Lot 48-11-13-401-185.000-003
- Assessor Parcel Number 481113401185000003
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 | $1,251 | $56,300 | $6,100 | $50,200 |
| 2023 | $1,170 | $51,500 | $5,800 | $45,700 |
| 2022 | $1,172 | $51,600 | $5,500 | $46,100 |
| 2021 | $1,076 | $47,100 | $5,400 | $41,700 |
| 2020 | $980 | $42,700 | $5,100 | $37,600 |
| 2019 | $953 | $41,500 | $5,100 | $36,400 |
| 2018 | $899 | $38,400 | $5,100 | $33,300 |
| 2017 | $775 | $38,100 | $5,100 | $33,000 |
| 2016 | $775 | $38,100 | $5,100 | $33,000 |
| 2014 | $216 | $26,900 | $5,400 | $21,500 |
| 2013 | $216 | $26,900 | $5,400 | $21,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/01/2025 11/01/25 | Pending | -- | -- | -- |
| 10/30/2025 10/30/25 | Price Changed | $114,900 | -4.2% | -- |
| 10/23/2025 10/23/25 | Price Changed | $119,900 | -7.7% | -- |
| 10/17/2025 10/17/25 | For Sale | $129,900 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22068619
APN: 48-11-13-401-185.000-003
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