GREAT INVESTMENT TRIPLEX This very nice triplex has the perfect location right across from Anderson University. Recently remodeled, this property features a very nice 2 bedroom unit on the main floor, with a large living room, dining room and huge kitchen. The second upstairs unit features 2 bedrooms and a nice living room. The basement has a small studio apartment. Recent updates include vinyl plank flooring in the main and upper level units, updated bathrooms with ceramic tile, some new windows, newer furnace, water heater and gutters. The detached garage could possibly be converted to another unit. What a great opportunity to own an updated triplex in a great location with immediate cash flow! Tenants pay utilities which are added in addition to base rent. PRICED TO SELL
Closed
$173,000
516 Nursery Rd, Anderson, IN 46012
4beds
2,726sqft
Triplex
Built in 1970
-- sqft lot
$216,400 Zestimate®
$--/sqft
$1,097 Estimated rent
Home value
$216,400
$199,000 - $236,000
$1,097/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked: 8 hours ago
Listing updated: November 27, 2023 at 10:39am
Listed by:
Joann Davis Cell:765-748-1316,
F.C. Tucker Muncie, REALTORS
Bought with:
Joann Davis, RB14041531
F.C. Tucker Muncie, REALTORS
Source: IRMLS,MLS#: 202333297
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air, Fireplace(s)
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Electric Water Heater
Features
- Laminate Counters, Eat-in Kitchen
- Flooring: Concrete, Vinyl Tile
- Basement: Full,Partially Finished,Block
- Has fireplace: Yes
Interior area
- Total structure area: 3,036
- Total interior livable area: 2,726 sqft
- Finished area above ground: 2,024
- Finished area below ground: 702
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Other, Off Street Parking, Concrete
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck Covered, Porch Covered
- Fencing: None
Lot
- Size: 10,454 sqft
- Dimensions: 48X220
- Features: Level, City/Town/Suburb, Near Airport
Details
- Additional structures: Second Garage
- Parcel number: 481207401140.000003
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Square
- Property subtype: Triplex
Materials
- Brick, Wood Siding
- Foundation: Basement
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Electric: Anderson City Utilities
- Sewer: City
- Water: City
- Utilities for property: Cable Connected
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Anderson
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 26940
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/30/2025 | Listing removed | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 10/10/2025 | Listed for rent | $1,200+38.7% |
Source: Zillow Rentals Report a problem | ||
| 3/1/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/10/2024 | Listed for rent | $865+28.1% |
Source: Zillow Rentals Report a problem | ||
| 11/22/2023 | Sold | $173,000-3.4% |
Source:  IRMLS #202333297 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,720 +9.2% | $133,400 +9% |
| 2024 | $2,492 -0.9% | $122,400 +9.9% |
| 2023 | $2,515 +54.1% | $111,400 -0.9% |
Find assessor info on the county website
Neighborhood: 46012
Nearby schools
GreatSchools rating
- 5/10Tenth Street Elementary SchoolGrades: K-4Distance: 1.1 mi
- 5/10Highland Jr High SchoolGrades: 7-8Distance: 2.3 mi
- 3/10Anderson High SchoolGrades: 9-12Distance: 3.5 mi
Schools provided by the listing agent
- Elementary: Anderson
- Middle: Highland
- High: Anderson
- District: Anderson Community
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$216,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$216,400
- Indiana
- Madison County
- Anderson
- 46012
- 516 Nursery Rd