2122 Pearl Street, Anderson, IN 46016
  • $114,900
  • $119,900

Description

Anderson quadplex ready for its next investor! This fully occupied four-unit property includes two main-level units and two upper-level units, all 1-bed and 1-bath apartments, offering a balanced layout and straightforward management. With current under-market rents producing approximately $1,725 per month in gross income, the property provides solid cash flow with room to grow as updates are completed between turns. Two storage sheds offer additional on-site utility for tenants or the owner. Priced near the 1.5% rule and with potential for a BRRR-style strategy, this property presents a rare opportunity to acquire an income-producing asset with clear value-add potential.

  • Address: 2122 Pearl Street
  • City: Anderson
  • State/county: IN
  • Zip/Postal Code: 46016
  • Area: No Subdivision

Details

Updated on December 31, 2025 at 10:09 pm
  • Property ID 22068619
  • Price $114,900
  • Land Area 0.14 Acres
  • Garages 2
  • Garage Size x x
  • Year Built 1890
  • Property Type Quadruplex, Residential Income
  • Property Status Closed

Additional details

  • Roof Asphalt
  • County Madison
  • Property Type Residential Income

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Contact Information

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Preeti Chaggar

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