1120 E 30th ST, Anderson, IN 46016
1120 E 30th ST, Anderson, IN 46016
1120 E 30th ST, Anderson, IN 46016
1120 E 30th ST, Anderson, IN 46016
1120 E 30th ST, Anderson, IN 46016
1120 E 30th ST, Anderson, IN 46016
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Jen Richardson

Jen Richardson

+1(812) 521-7361
Listed by Peter Stewart • Keller Williams Indpls Metro N
$ 339,000
Est. payment | /mo

7,344 SqFt

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$ 339,000
Est. payment | /mo
Save Virtual Tour

7,344 SqFt

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 7,344 sqft

Price per Sqft $46

MLS Listing ID 22098936

Year Built 1928

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Multi-Family 5+

Property Description

Unlock significant cash flow and equity with this value-add 8-unit apartment building at 1120 E 30th St, Anderson, IN. Situated on a large, street-to-street 0.29-acre lot with mature trees on a quiet dead-end street, this all-brick, two-story building features a consistent footprint of eight 1-bedroom, 1-bathroom units, each offering 600 sq ft of functional living space with a living room, formal dining room, galley kitchen, and full bath. Five units are currently occupied, generating $3,750/mo in stable immediate income (rents ranging from $600-$900/mo). The remaining three vacant units require varying levels of renovation, presenting a prime opportunity to update and force appreciation. With market rents commanding up to $900/mo per unit, the potential gross monthly revenue is $7,200, positioning this asset to exceed the highly coveted 2% rule. Substantial operational upside exists: electricity and gas are separately metered, allowing a savvy investor to implement a utility bill-back strategy upon lease renewals to aggressively boost NOI. Additional revenue can be generated by adding coin-operated laundry to the basement. Securely designed with front and rear covered common entrances and interior hallways, the property boasts an excellent rental location just 5 minutes from downtown Anderson, Anderson University, and Harrah's Casino & Racetrack, and 10 minutes from Mounds State Park and major freeways. Capitalize on high rental demand. Sold strictly as-is, no seller financing.

Location

State IN

County Madison

Zoning R3

Interior

Fireplace N

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

View Y/N false

Building

Story 2

Architectural Style Traditional

Structure Type Brick

New Construction false

Schools

School District Anderson Community School Corp

Others

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MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

Nearby Locations

Jen Richardson

"Finding the right home isn't just about the house, it's about the life you're going to build there.

 

I'm here to make sure you find it."

 

+1(812) 521-7361

jenrichardsonrealtor@gmail.com

905 E Tipton St, Seymour, IN 47274, USA

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1120 E 30th ST