Listing courtesy of RE/MAX Real Estate Groups · Listing agent: Ryan Orr · Cell: 765-744-9500
403-405 W 5th Street
Anderson, IN 46016
- Basement
- Bedrooms
- 5
- Bathrooms
- 2
- Living area
- 1,968 sq ft
- Lot
- 0.15 ac
- Year built
- 1885
- Type
- Duplex
- Listed
- April 20, 2026
- MLS #
- 202613964
About this home
This package features three consistently high-demand rental duplex properties (6 units) situated in the Anderson, IN market. The portfolio offers a secure, well-managed investment with immediate upside potential. Stable Income Stream: The properties demonstrate strong, reliable cash flow, supported by excellent historical rent collection and exceptional occupancy rates (minimal historical vacancy). Turnkey Efficiency: Current owners have meticulously maintained the units, significantly minimizing the need for immediate Capital Expenditure (CapEx). Value-Add Opportunity: Current rents are below prevailing market rates for comparable local properties, providing a clear path for substantial income growth through gradual rent increases to achieve market value. Tenant Stability: Due to diligent maintenance, the properties have high long-term tenant satisfaction, contributing to low turnover.
Monthly payment estimate
$771/mo
- Principal & interest
- $629
- Property taxes
- $108
- Homeowners insurance
- $34
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2026 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- Two
- Stories
- 2
- Total area
- 2,165 sq ft
- Finished area above grade
- 1,968 sq ft
- Unfinished area below grade
- 197 sq ft
- Main level
- 1,312 sq ft
- Upper level
- 656 sq ft
- Below grade total
- 197 sq ft
- Bedrooms above grade
- 5
- Basement
- Crawl Space, Partial, Unfinished
- Heating
- Natural Gas, Forced Air
- Amenities
- Basement
Exterior & parking
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Level
- Lot size (acres)
- 0.15 ac
- Lot dimensions
- 72x96
- County
- Madison County
- Township
- Anderson
- Platted
- Yes
- Planned unit development
- No
- Directions
- GPS Friendly
Schools
- Elementary school
- Anderson
- Middle school
- Highland
- High school
- Anderson
- School district
- Anderson Community
Taxes & terms
- Annual taxes
- $1,299
- Tax year
- 2026
- Possession
- Tenants Rights
- Parcel number
- 48-11-12-301-139.000-003
Included in the sale
- Included in sale
- Building,Lease
Utilities
- Water
- City
- Sewer
- Public Sewer
Income & commercial
- Units
- 2
- Annual gross rent
- $15,900
- Net operating income
- $13,851
- Lease term
- 12 Months
- Parking spaces
- 4
- Pets allowed
- No
- Tenant pays
- Electricity, Fuel, Sewer, Water
- Insurance (annual)
- $750