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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

    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.

    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#: 22044567MLS Logo

    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