1609 Brown Street
Anderson, IN 46016
Map
- – beds
- – baths
- – sqft
- 7,405 sqft lot
- 1898 build
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.
Last checked:
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Last updated Jun 14, 2025
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MLS# 22044567 —
The Building
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Year Built:1898
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New Construction:false
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Levels:Two
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Basement:true
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Green Certification:No
Location
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Directions:GPS Friendly
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Latitude:40.100238
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Longitude:-85.682658
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Property Attached:true
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Parcel Number:481113204019000003
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Acres:<1/4 Acre
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Lot Size Acres:0.17
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Lot Size SqFt:7,405 Sqft
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Price Per Acre:523529
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Additional Parcels:true
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Additional Parcels Description:48-11-13-204-020.000-003
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Structure Type:Duplex
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View:false
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Waterfront:false
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Fence:No
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Current Use:Apt<20
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Road Access:Frontage Road
Listing Agent
- Contact info:
- Agent phone:
- (317) 450-9202
- Office phone:
- (317) 846-6300
Taxes
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Tax Year:2024
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Semi Annual Property Tax Amt:597
Heating & Cooling
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Heating:Baseboard
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Cooling:None
Utilities
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Solid Waste:Yes
Schools
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High School District:Anderson Community School Corp
The Community
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Subdivision Name:No Subdivision
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/12/25
Jun 12, 2025
|
Listed / Active | MIBOR | $89,000 |
