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341 Park Avenue, Anderson, IN 46012

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For Sale

$145,000

0.12 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • 0.1 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

PRIME INVESTMENT OPPORTUNITY: Proven Student Rental Near Anderson University! Introducing 341 Park Avenue, an exceptional investment property ideally located just steps from Anderson University in Anderson, Indiana. Built in 1917, this home offers timeless curb appeal paired with consistent rental demand, making it a smart addition to any investor's portfolio. || PROVEN RENTAL TRACK RECORD: Currently owned by a long-term investor, this property has a successful history of renting to university students, with high occupancy rates and reliable cash flow. The main level features three bedrooms, a full bath, and classic touches like hardwood floors, arched doorways, and craftsman-style woodworking-all attractive features for student tenants seeking comfort and character. || DUAL-INCOME POTENTIAL: Unlock dual-income streams with the fully finished basement apartment. Boasting its own private entrance, kitchen, full bath, and multiple storage rooms, this one-bedroom unit offers flexibility for separate leases or bundled rental arrangements. Both units share easy access to the laundry area, minimizing utility and maintenance expenses. || LOCATION AND AMENITIES THAT ATTRACT TENANTS: With a fenced backyard, large concrete parking pad, and secure storage shed, the home easily meets student lifestyle needs-including parking and secure space for bikes or gear. Overlooking a tranquil grassy area owned by a nearby church, it provides a quiet environment still within close reach of campus life. || SECURE, STEADY INVESTMENT: Take advantage of a property with proven performance and a prime location in the heart of one of Anderson's most desirable student rental areas. 341 Park Avenue offers reliable income potential and minimal vacancy risk due to its proximity to Anderson University and its longstanding reputation among students. Seize this chance to expand your portfolio with a property designed for rental stability and long-term returns.
MLS# 22055815

Courtesy Of Carpenter Realtors

18006301727

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Bungalow
  • Exterior Type
    Stone
  • Heating System
    Baseboard, Forced Air
  • Lot Size
    0.12 Acres
  • Rooms
    Basement
  • View Type
    Park

Map and Directions

Directions to 341 Park Avenue, Anderson, IN 46012

Home seller CENTURY 21 Scheetz

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Scheetz

(317) 705-2500
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Monthly Payment Breakdown

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Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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