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1222 Nichol Avenue

Anderson, IN 46016

– beds
– baths
– sqft
~1/2 acre lot
1916 build

This is a fantastic chance to own a well-located, 4-unit multi-family property in Anderson, Indiana. Perfect for investors looking for immediate income and long-term potential. This property features 4 separate units, offering diverse unit mixes including a 4 bedroom and 3 bathroom apartment. All units have been upgraded with new flooring and fixtures throughout both buildings. Gross monthly rent potential of over $3000 and a cap rate of 9%. Property sits within walking distance to Anderson University. Anderson is an emerging market with a growing rental. Additional information can be obtained by reaching out to the broker.

Listing courtesy of MIBOR / Ellsbury Commerical Group

Last checked: Checking… • Last updated May 14, 2025 •

MLS# 22036964 —

The Building

Year Built:

1916
New Construction:

false
Levels:

Two
Basement:

true
Green Certification:

No

Location

Directions:

GPS Friendly
Latitude:

40.103214
Longitude:

-85.7008894

The Property

View:

true
Property Type:

Residential Income
Property Subtype:

Fourplex
Property Attached:

false
Parcel Number:

481114101188000003
Acres:

1/4-1/2 Acre
Lot Size Acres:

0.43
Lot Size SqFt:

18,662 Sqft
Price Per Acre:

988372
Current Use:

Apt>20
Possible Use:

Apt>20
Road Access:

Frontage Road

Listing Agent

Contact info:

Taxes

Tax Lot:

3
Tax Year:

2024
Tax Exemptions:

None
Semi Annual Property Tax Amt:

1903

Utilities

Solid Waste:

No

Schools

Middle Or Junior School:

Highland Middle School
High School District:

Anderson Community School Corp

The Community

Subdivision Name:

No Subdivision

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/11/25 May 11, 2025	Listed / Active	MIBOR	$425,000

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This multifamily located in Anderson, IN 46016 is currently for sale for $425,000. 1222 Nichol Avenue is a – square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Tenth Street Elementary School, Anderson High School, and Highland Middle School.

Listing Courtesy of: MIBOR and Ellsbury Commerical Group.

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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