Investor alert! Don't miss this value-add, cash-flowing duplex located at 1609 Brown St in the heart of Anderson. This up/down duplex offers strong rental potential with multiple investment strategies in play-perfect for house hackers, buy-and-hold investors, or BRRRR enthusiasts. The lower unit is a spacious 2 bed, 1 bath currently rented for $1,133/month with utilities included (HUD tenant, lease through December). It features a fenced backyard and firepit-great amenities for tenant retention. The upper unit is a 3 bed, 1 bath that's currently vacant and ready for your finishing touches. The seller is in the process of making cosmetic updates (flooring and paint), offering the next owner a chance to force appreciation and boost cash flow. Once leased, this property could exceed the 2% rule, delivering exceptional returns. Electric is separately metered and water/sewer are on a single meter. Situated just blocks from downtown Anderson, this property offers easy access to shopping, dining, public transportation, and major employers-enhancing its long-term rentability. Whether you're looking to live in one unit and rent the other, or add a high-yield asset to your portfolio, this duplex delivers flexibility and upside. Seize the opportunity to secure a property with built-in income and untapped potential! Sold as-is.
Sold
$135,000
1609 Brown St, Anderson, IN 46016
5beds
2baths
--sqft
Multi Family, Duplex
Built in 1898
-- sqft lot
$135,100 Zestimate®
$--/sqft
$1,088 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 08, 2025 at 01:10pm
Listing Provided by:
Peter Stewart 317-450-9202,
Keller Williams Indpls Metro N
Bought with:
Jordan Ice
Trueblood Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22044567

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Baseboard
Cooling
- None
Features
- Has basement: Yes
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,405 sqft
Details
- Additional parcels included: 481113204020.000003
- Parcel number: 481113204019000003
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1898
Community & neighborhood
Location
- Region: Anderson
- Subdivision: No Subdivision
Services availability
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Estimated market value
$135,100