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1627 Brown Street, Anderson, IN 46016

Anderson
Local realty services provided by:CENTURY 21 Scheetz
1627 Brown Street,Anderson, IN 46016
$159,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: stuart houghton
Office: keller williams indy metro partners
MLS#:22127136
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$159,000

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!

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Home facts

  • Year built:1965
  • Subdivision & Development:No Subdivision
  • Listing ID #:22127136
  • Added:38 day(s) ago
  • Updated:October 28, 2026 at 03:34 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Roof:Shingle
  • Year built:1965
  • Lot area:0.1 Acres
  • Lot Features:Busline, Curbs, Sidewalks
  • Construction Materials:Vinyl Siding

Finances and disclosures

  • Price:$159,000
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