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2122 Pearl Street

Anderson, IN 46016
  • $114,900
  • STATUS: Pending
  • ON SITE: 51 Days
  • MLS #: 22068619
Under Contract
UPDATED: 56 min ago
$114,900
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1890
County:

School Ratings & Info

School District:

Description

Anderson quadplex ready for its next investor! This fully occupied four-unit property includes two main-level units and two upper-level units, all 1-bed and 1-bath apartments, offering a balanced layout and straightforward management. With current under-market rents producing approximately $1,725 per month in gross income, the property provides solid cash flow with room to grow as updates are completed between turns. Two storage sheds offer additional on-site utility for tenants or the owner. Priced near the 1.5% rule and with potential for a BRRR-style strategy, this property presents a rare opportunity to acquire an income-producing asset with clear value-add potential.

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© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2025-12-08T13:25:32.183. 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.
Click here for MLS GRID DMCA Notice
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2122 Pearl Street Anderson, IN 46016

  • Price: $114,900
  • Status: Pending
  • On Site: 51 Days
  • Updated: 56 min ago
  • MLS #: 22068619
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1890
Built
Neighborhood:
No Subdivision
County:
Madison
Area:
4810 - Madison - Anderson NW
School District:
Anderson Community
Property Description
Anderson quadplex ready for its next investor! This fully occupied four-unit property includes two main-level units and two upper-level units, all 1-bed and 1-bath apartments, offering a balanced layout and straightforward management. With current under-market rents producing approximately $1,725 per month in gross income, the property provides solid cash flow with room to grow as updates are completed between turns. Two storage sheds offer additional on-site utility for tenants or the owner. Priced near the 1.5% rule and with potential for a BRRR-style strategy, this property presents a rare opportunity to acquire an income-producing asset with clear value-add potential.
Exterior Features

Road Access Frontage Road Roof Asphalt Unit Parking 1 Car GarageOn StreetParking LotUnpaved

Property Features

Acres <1/4 Acre Current Use Residential Dpr YN Yes Expenses 7000 New Construction YN No Number Of Units Total 4 Possession Subject to Tenant Rights Property Sub Type Quadruplex Semi Annual Property Tax Amt 626 Solid Waste No Tax Year 2024 Township Anderson Transaction Type Sale

Listing provided courtesy of Hoosier Hub Realty, LLC: . © 2025 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2025-12-08T13:25:32.183. 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.
Click here for MLS GRID DMCA Notice
 
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