Key facts
- Beds
- 2
- Baths
- 1 full
- Living area
- 1,638 sqft
- Lot
- 0.07 acres
- Year built
- 1950
- Type
- Residential · Single Family Residence
- Stories
- One and one half
- MLS #
- 22135049
- County
- Madison
- Subdivision
- Spring Grove
- Total building area
- 1,804 sqft
About this home
Investor opportunity at $65,000. 2415 Cedar St in Anderson is a 2 bed, 1 bath, 1.5-story single-family home with 1,156 sq ft of living space on a level 0.07-acre lot with a covered front porch. It's currently rented at $931/month on a lease through March 31, 2027, which clears the 1% rule at this price. Property taxes run about $854 a year, so holding costs stay low. The lease also gives a buyer options. The lease terms allow it to be ended with 60 days' written notice if the property is sold. You can keep the tenant in place and collect rent from the day you close, or give notice and take the home back to renovate, re-lease at a new rate, or move in yourself. If you keep the tenant, you can renew or adjust rent when the lease ends in March 2027. Close to Anderson University, the Paramount Theatre, Mounds State Park, Anderson Speedway, and Harrah's Hoosier Park.
Description provided by the listing brokerage.
Interior
- Appliances
- Interior features
- Rooms
- 5
Exterior
- Construction
- Foundation
- Style
Systems
- Heating
- Cooling
- Water
Schools
- Middle school
- Highland Middle School
- School district
- Anderson Community School Corp
Taxes
- Estimated annual tax
- $854 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Price history
Every listing, price change and sale we have on record for this home.
| Date | Event | Price | $/sq ft |
|---|---|---|---|
| Listed for sale | $65,000 | $40 / sq ft |
Properties displayed may be listed or sold by various participants in the MLS.
Information deemed reliable but is not guaranteed accurate.
© 2026 MIBOR REALTOR® Association
Based on information submitted to the Broker Listing Cooperative listing service as of November 15, 2026
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.
Talk to a lender we trustLocation
Open in Google Maps- Address
- 2415 Cedar Street, Anderson, IN 46016
- County
- Madison
