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1609 Brown Street, 
Anderson, IN 46016

$89,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Peter Stewart

Keller Williams Indpls Metro N

317-846-6300

Last updated:

June 14, 2025, 11:40 PM

MLS#

22044567

Source:

IN MIBOR

About This Home

1609 Brown Street

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.

Home Facts

Multi-Family

Built in 1898

Price Summary

89,000

MLS #:

22044567

Last Updated:

June 14, 2025, 11:40 PM

Added:

4 day(s) ago


Structure

Structure

Year Built:

1898


Lot

Lot Size (Sq. Ft):

7,405


Finances & Disclosures

Finances

Price:

$89,000

Source:IN MIBOR
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