Pending

1530 Ohio Avenue

Anderson, IN 46016
Mark as Favorite
Bed 2

Bed

Bath 1

Bath

SqFt940

Sqft

Acres0.07

Acre(Lot)

Welcome to 1530 Ohio Ave in Anderson, IN-a tenant-occupied, turnkey investment property offering cash flow from day #1! This renovated 2-bedroom, 1-bath ranch features 940 sq. ft. plus an unfinished basement and is ideally located minutes from downtown, Anderson University, and under 10 minutes from Harrah's Hoosier Park & Casino. The current tenant is on a one-year lease through February 2027, paying $900/month, with utilities and lawn care paid by the tenant, keeping owner expenses low. Recent updates include fresh paint, new flooring, and upgraded PEX plumbing throughout. Inside, a spacious living room flows into a generously sized eat-in kitchen with pantry and laundry hookups, plus a welcoming three-season room at the front. Offered as-is, this low-maintenance property nearly hits the 2% rule at the asking price, making it a compelling addition to any rental portfolio. Solid location, stable tenancy, and immediate cash flow-this is an investor-ready opportunity you don't want to miss!

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Detail Ic Property Details

Property Type : Residential

Price : $49,900

AD Id : 66199109

MLS Id : MBR22052071

Beds : 2

Lot Size : 0.07 Acre

Living Area Size : 940

Year Built : 1934

County : Madison

Subdivision: No Subdivision

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Feature Features

  • Bedroom Information

    Total Bedroom: 2

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Room Information

    Rooms Total: 4 Has Basement: Yes

    Interior Features

    Attic Pull Down Stairs, Eat-in Kitchen Appliances: Electric Water Heater, MicroHood, Electric Oven
  • Flooring Information

    Construction Materials: Aluminum Siding
  • Heating & Cooling

    Heating: Forced Air, Electric Cooling: None WaterSource: Public

  • Building Information

    Year Built: 1934

  • Lot Information

    Lot Description: Sidewalks, Storm Sewer, Street Lights Lot Square Feet: 3049 Lot Acres: 0.07

    Property Information

    Property Type: Residential Sub Type: Single Family Residence Style: Ranch

  • Listing Price Information

    Original List Price:$69900

  • Tax Information

    Tax Lot: 0 Tax Legal Description: KILGORE 9' E SD 0.0000Acres STR: 00000 SECTION: PLAT: 00 IN: OUT: And KILGORE 0.0000Acres STR: 00000 SECTION: PLAT: 25 IN: OUT: Tax Year: 2024 Parcel Number: 481218203119000003 Tax Exemption: None

  • Utility Information

    Water Source: Public
  • Location Information

    Subdivision: No Subdivision City: Anderson Direction: GPS Friendly
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1807 E 18th Street, Anderson, IN, 46016 $139,900 3 1 1,120 1,120 SqFt
1434 E 31st Street, Anderson, IN, 46016 $109,900 2 1 1,462 1,462 SqFt
1424 E 30th Street, Anderson, IN, 46016 $99,900 3 1 1,717 1,717 SqFt
2018 Ohio Avenue, Anderson, IN, 46016 $47,500 1 1 1,231 1,231 SqFt
1934 Ohio Avenue, Anderson, IN, 46016 $59,900 2 1 2,240 2,240 SqFt
1305 E 26th Street, Anderson, IN, 46016 $45,000 2 1 1,457 1,457 SqFt
1214 E 28th Street, Anderson, IN, 46016 $89,900 2 1 1,452 1,452 SqFt
1132 Manor Court, Anderson, IN, 46016 $65,000 3 1 1,957 1,957 SqFt
1720 Johnson Avenue, Anderson, IN, 46016 $149,900 3 1 1,368 1,368 SqFt
2629 E Lynn Street, Anderson, IN, 46016 $69,900 3 1 1,890 1,890 SqFt
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ByOwner last updated this listing 06/15/2026 @ 18:20

MLS: MIBOR #22052071 LISTED BY: Peter Stewart, Keller Williams Indpls Metro N 317-846-6300 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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