121 W 13th Street, Anderson, IN 46016
Local realty services provided by:CENTURY 21 Scheetz
121 W 13th Street,Anderson, IN 46016
$225,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: alyssa burton
Office: inspired realty
MLS#:22089489
Source:IN_MIBOR
Price summary
- Price:$225,000
About this home
$3,025/Month Quadplex | Fully Renovated in 2025 | $7,500 Grant Eligible Rare opportunity to own a fully renovated quadplex generating $3,025 in monthly rental income, with tenants paying all utilities, creating a low-expense investment with strong cash flow potential. The property is fully leased with stable tenants, providing immediate income from day one. House Hack Opportunity This property is eligible for a $7,500 owner-occupant grant with no income restrictions, potentially covering most or all of your down payment and closing costs for qualified buyers. Owner-occupants can live in one unit while the remaining units help offset the mortgage, creating a powerful opportunity to build equity while significantly reducing monthly housing costs. Investor Opportunity With $3,025 in monthly rent ($36,300 annually), the property delivers approximately a 1.34% rent-to-price ratio at the $225,000 list price, a metric experienced investors actively seek. Tenants pay all utilities, helping keep operating costs low. The building was fully renovated in 2025, including a new roof and many new windows, along with extensive interior improvements throughout the units. These updates help minimize near-term maintenance while providing attractive living spaces for tenants. Additional Investment Opportunity: The same owner is also selling a duplex just two houses down at 131 W 13th St, creating a rare opportunity for investors to add six units within the same block to their portfolio. Strong rental income, major renovations, stable tenants, and house hack eligibility make this property a standout opportunity for both investors and owner-occupants....
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Home facts
- Year built:1900
- Listing ID #:22089489
- Added:47 day(s) ago
- Updated:May 03, 2026 at 07:28 AM
Rooms and interior
- Basement:Yes
- Basement Description:Basement, Cellar, Unfinished
Structure and exterior
- Year built:1900
- Lot area:0.14 Acres
- Lot Features:Busline, Curbs, Sidewalks, Street Lights
- Construction Materials:Wood With Stone
Schools
- Middle school:Highland Middle School
Utilities
- Sewer:Sewer
Finances and disclosures
- Price:$225,000
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