Key facts
- Beds
- 5
- Baths
- 2 full
- Living area
- 2,732 sqft
- Lot
- 0.15 acres
- Year built
- 1890
- Type
- Residential · Single Family Residence
- Stories
- Two
- MLS #
- 22113219
- County
- Madison
- Subdivision
- Fairgrounds
- Total building area
- 3,454 sqft
About this home
Space, style, and investment potential come together in this beautifully updated 5-bedroom, 2-bath home offering nearly 2,900 square feet of living space. With extensive improvements already completed and a tenant in place, this property offers an attractive opportunity for investors seeking a spacious, stabilized rental. The main level features both a generous living room and separate family room, providing flexible spaces for entertaining, relaxing, or working from home. Two spacious bedrooms and a remodeled full bathroom are conveniently located on the main level. The updated kitchen serves as the heart of the home, with modern finishes and an open layout that flows into a welcoming dining area ideal for everyday meals and gatherings. Upstairs, you'll find three additional bedrooms and a second remodeled full bathroom, providing plenty of room and a versatile floor plan. Major improvements include the roof, siding, windows, HVAC system, and flooring, giving the next owner peace of mind while minimizing the need for immediate capital improvements. Outside, a wood deck provides additional living space for grilling, entertaining, or enjoying the backyard. Currently tenant-occupied and generating $2,100 per month in rental income, or $25,200 annually. The current lease runs through March 30, 2027, providing immediate rental income for the next owner. A great opportunity to add a large, updated rental property to your portfolio with high income already in place. Can also be combined with MLS 22120318. Tenant occupied. The seller will allow interior showings after an offer is accepted. Please do not disturb the tenant.
Description provided by the listing brokerage.
Interior
- Appliances
- Interior features
- Kitchen
- Other rooms and areas
- Basement
- Fireplaces
- 1
- Windows
- Rooms
- 9
- Main-level bedrooms
- 2
- Condition
Exterior
- Patio and porch
- Construction
- Foundation
- Style
- Parking and garage
- Fencing
- Other equipment
Systems
- Heating
- Cooling
- Water
Lot and HOA
- Lot features
Schools
- School district
- Anderson Community School Corp
Taxes
- Estimated annual tax
- $1,068 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
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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