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817 W 5th Street

Anderson, IN 46016
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Bed 5

Bed

Bath 2

Bath

SqFt3,454

Sqft

Acres0.15

Acre(Lot)

Space, style, and investment potential come together in this beautifully updated 5-bedroom, 2-bath home offering nearly 2,900 square feet of living space. With extensive improvements already completed and a tenant in place, this property offers an attractive opportunity for investors seeking a spacious, stabilized rental. The main level features both a generous living room and separate family room, providing flexible spaces for entertaining, relaxing, or working from home. Two spacious bedrooms and a remodeled full bathroom are conveniently located on the main level. The updated kitchen serves as the heart of the home, with modern finishes and an open layout that flows into a welcoming dining area ideal for everyday meals and gatherings. Upstairs, you'll find three additional bedrooms and a second remodeled full bathroom, providing plenty of room and a versatile floor plan. Major improvements include the roof, siding, windows, HVAC system, and flooring, giving the next owner peace of mind while minimizing the need for immediate capital improvements. Outside, a wood deck provides additional living space for grilling, entertaining, or enjoying the backyard. Currently tenant-occupied and generating $2,100 per month in rental income, or $25,200 annually. The current lease runs through March 30, 2027, providing immediate rental income for the next owner. A great opportunity to add a large, updated rental property to your portfolio with high income already in place. Can also be combined with MLS 22120318. Tenant occupied. The seller will allow interior showings after an offer is accepted. Please do not disturb the tenant.

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Detail Ic Property Details

Property Type : Residential

Price : $225,000

AD Id : 87826769

MLS Id : MBR22113219

Beds : 5

Lot Size : 0.15 Acre

Living Area Size : 3,454

Year Built : 1890

County : Madison

Subdivision: Fairgrounds

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Feature Features

  • Bedroom Information

    Total Bedroom: 5

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 9 Has Basement: Yes

    Interior Features

    Attic Stairway, Paddle Fan, Wood Work Painted Appliances: Dishwasher, Disposal, MicroHood, Electric Oven, Refrigerator
  • Flooring Information

    Construction Materials: Vinyl Siding
  • Heating & Cooling

    Heating: Forced Air, Natural Gas Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1890

  • Lot Information

    Lot Description: Sidewalks, Mature Trees Lot Square Feet: 6480 Lot Acres: 0.15

    Property Information

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

  • Listing Price Information

    Original List Price:$225000

  • Tax Information

    Tax Lot: 0 Tax Legal Description: Fair Grounds Cont 0.0000Acres Str: 00000 Section: Plat: 00 In: Out: Tax Year: 2025 Parcel Number: 481112302127000003

  • Utility Information

    Water Source: Public
  • Location Information

    Subdivision: Fairgrounds City: Anderson Direction: GPS Friendly
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2521 Mounds Road, Anderson, IN, 46016 $129,900 2 1 1,212 0.64 Acre
1807 E 18th Street, Anderson, IN, 46016 $129,900 3 1 1,120 0.15 Acre
8 Dixie Drive, Anderson, IN, 46016 $42,500 3 1 2,128 0.21 Acre
9 Dixie Drive, Anderson, IN, 46016 $130,000 2 1 1,842 0.10 Acre
1311 E 23rd Street, Anderson, IN, 46016 $49,900 2 1 728 0.10 Acre
1132 Manor Court, Anderson, IN, 46016 $65,000 3 1 1,957 0.09 Acre
1016 E 29th Street, Anderson, IN, 46016 $89,900 3 1 1,008 0.05 Acre
2209 E Lynn Street, Anderson, IN, 46016 $54,900 3 1 1,893 0.12 Acre
2202 Columbus Avenue, Anderson, IN, 46016 $78,000 3 1 1,214 0.24 Acre
2930 George Street, Anderson, IN, 46016 $139,900 2 2 2,273 0.12 Acre
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ByOwner last updated this listing 09/05/2026 @ 06:20

MLS: MIBOR #22113219 LISTED BY: Jamie Suchotzky, Red Hot, REALTORS LLC 317-527-4663 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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