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120 W 5th Street

Anderson, IN 46016

ActiveListed Jul 11, 2025 · 298 days on market

Key facts

Lot
0.09 acres
Year built
1876
Type
Residential Income · Duplex
Stories
Two
MLS #
22049939
County
Madison
Subdivision
Hannah & Hazlett

About this home

Welcome to 120 and 118 W Fifth Street - a beautifully updated duplex located just steps from downtown Anderson. This property is the perfect blend of classic charm and modern style with great curb appeal and loads of character. This versatile property offers three spacious units with many updates, vintage details, and abundant natural light. With a third unit already in the home, it can be easily be converted into a triplex. All three units have a kitchen, washer/dryer hookup, and bedroom(s). Whether you're looking to house hack by living in one unit and renting out the others or build a short term rental portfolio, this property is great for any investor. The home has easy access to shops, dining, and local amenities, making it ideal for guests or tenants. Don't miss out on this rare opportunity to own a flexible, income-producing property!

Description provided by the listing brokerage.

Interior

Laundry
Laundry Room

Systems

Heating
Electric

Schools

Middle school
Highland Middle School
School district
Anderson Community School Corp

Taxes

Estimated annual tax
$1,556 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$938per month, estimated
Principal and interest $756Property tax $130Insurance $53
20% · $30,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$150,000
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