Key facts
- Lot
- 0.1 acres
- Year built
- 1965
- Type
- Residential Income · Quadruplex
- Stories
- Two
- MLS #
- 22127136
- County
- Madison
- Subdivision
- No Subdivision
About this home
Excellent investment opportunity at 1627 Brown St in Anderson! Centrally positioned in Anderson. This recently renovated 4-unit apartment building offers immediate rental income along with additional upside potential. The property features four 1-bedroom, 1-bath units, with three units currently occupied and one unit vacant. Current gross rental income is approximately $1,625 per month, with the potential for significantly higher income once the vacant unit is leased and rents are optimized. This an attractive opportunity for an investor looking for a multifamily property with improvements already completed. With four income-producing units under one roof, recent improvements, current rental income, and additional income potential, this property offers a strong opportunity to add a multifamily asset to your portfolio. Don't miss this 4-unit investment property!
Description provided by the listing brokerage.
Interior
- Laundry
- Security
Exterior
- Roof
- Construction
Lot and HOA
- Lot features
Schools
- School district
- Anderson Community School Corp
Taxes
- Estimated annual tax
- $2,042 / 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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