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817 W 5th Street

Anderson, IN 46016

ActiveListed Jul 9, 2026 · 38 days on market

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
DishwasherDisposalMicroHoodElectric OvenRefrigerator
Interior features
Attic StairwayPaddle FanWood Work Painted
Kitchen
Kitchen Updated
Other rooms and areas
Living Room Formal
Basement
Unfinished
Fireplaces
1
Windows
Vinyl Windows
Rooms
9
Main-level bedrooms
2
Condition
Updated/Remodeled

Exterior

Patio and porch
CoveredDeck
Construction
Vinyl Siding
Foundation
CellarCrawl SpacePartial
Style
Victorian
Parking and garage
Detached
Fencing
PartialPrivacy
Other equipment
Smoke Alarm

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public

Lot and HOA

Lot features
SidewalksMature Trees

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

$1,302per month, estimated
Principal and interest $1,134Property tax $89Insurance $79
20% · $45,000
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$225,000
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