Listing courtesy of Starr Real Estate LLC · Listing agent: Heather Clemmons
8436 E State Road 32
Anderson, IN 46017
Original price $999,990 · Price reduced on September 30, 2026
- 2.8 acres
- Bedrooms
- 20
- Bathrooms
- 10
- Living area
- 10,000 sq ft
- Lot
- 2.82 ac
- Year built
- 1975
- Type
- Eightplex
- Listed
- August 12, 2026
- MLS #
- 202632855
About this home
Turn-Key 8-Unit Multifamily Portfolio — Fully Renovated & Stabilized Fantastic opportunity to acquire a fully occupied, cash-flowing 8-unit portfolio consisting of two single-family homes and two triplexes. All units have been updated with new vinyl plank flooring, fresh paint, and modernized kitchens and bathrooms. Driveway has been replaced for improved access. Unit Mix: SFH #1: 3 bed / 1 bath / 1-car attached garage SFH #2: 4 bed / 2 bath / 1-car attached garage — new roof installed Triplex #1: (2) 2 bed / 1 bath units + (1) 1 bed / 1 bath unit Triplex #2: (3) 3 bed / 1.5 bath units, each with attached garage Recent Improvements: New vinyl plank flooring throughout Fresh interior paint Updated kitchens & bathrooms Driveway replacement All roofs less than 5 years old, with one brand-new roof on the 4-bed SFH This is a turn-key, low-maintenance asset ideal for investors seeking stable income and modernized units with strong tenant appeal. Fully occupied and ready to cash flow from day one. Please see the attached doc for more information.
Monthly payment estimate
$5,454/mo
- Principal & interest
- $4,762
- Property taxes
- $438
- Homeowners insurance
- $254
- 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
- Stories
- 1
- Total area
- 10,000 sq ft
- Finished area above grade
- 10,000 sq ft
- Bedrooms above grade
- 20
- Basement
- Crawl Space, Slab
- Heating
- Natural Gas
- Cooling
- Central Air
- Amenities
- Water Heater Electric, Water Heater Gas
Exterior & parking
- Construction
- Vinyl Siding
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Level
- Lot size (acres)
- 2.82 ac
- Lot dimensions
- 628x258
- County
- Madison County
- Township
- Union
- Platted
- Yes
- Planned unit development
- No
- Directions
- GPS Friendly
Schools
- Elementary school
- Tenth Street
- Middle school
- Highland
- High school
- Anderson
- School district
- Anderson Community
Taxes & terms
- Annual taxes
- $5,250
- Tax year
- 2026
- Possession
- Tenant Rights
- Parcel number
- 48-12-11-100-026.000-033
Included in the sale
- Included in sale
- Building,Land
Utilities
- Water
- Well
- Sewer
- Septic Tank
Income & commercial
- Units
- 8
- Annual gross rent
- $72,000
- Net operating income
- $58,234
- Lease term
- 12 Months
- Parking spaces
- 12
- Pets allowed
- Yes
- Tenant pays
- Electricity, Heat
- Insurance (annual)
- $4,536
- Trash (annual)
- $1,980
- Maintenance (annual)
- $2,000