Pending

121 W 13th Street

Anderson, IN 46016
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Bed 0

Bed

Bath 0

Bath

Acres0.14

Acre(Lot)

$3,025/Month Quadplex | Fully Renovated in 2025 | $7,500 Grant Eligible Rare opportunity to own a fully renovated quadplex generating $3,025 in monthly rental income, with tenants paying all utilities, creating a low-expense investment with strong cash flow potential. The property is fully leased with stable tenants, providing immediate income from day one. House Hack Opportunity This property is eligible for a $7,500 owner-occupant grant with no income restrictions, potentially covering most or all of your down payment and closing costs for qualified buyers. Owner-occupants can live in one unit while the remaining units help offset the mortgage, creating a powerful opportunity to build equity while significantly reducing monthly housing costs. Investor Opportunity With $3,025 in mont hly rent ($36,300 annually), the property delivers approximately a 1.34% rent-to-price ratio at the $225,000 list price, a metric experienced investors actively seek. Tenants pay all utilities, helping keep operating costs low. The building was fully renovated in 2025, including a new roof and many new windows, along with extensive interior improvements throughout the units. These updates help minimize near-term maintenance while providing attractive living spaces for tenants. Additional Investment Opportunity: The same owner is also selling a duplex just two houses down at 131 W 13th St, creating a rare opportunity for investors to add six units within the same block to their portfolio. Strong rental income, major renovations, stable tenants, and house hack eligibility make this property a standout opportunity for both investors and owner-occupants.

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Detail Ic Property Details

Property Type : Residential Income

Price : $225,000

AD Id : 76187491

MLS Id : MBR22089489

Lot Size : 0.14 Acre

Year Built : 1900

County : Madison

Subdivision: No Subdivision

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Feature Features

  • Room Information

    Has Basement: Yes
  • Flooring Information

    Construction Materials: Wood With Stone
  • Heating & Cooling

    Heating: Wall Furnace

  • Building Information

    Year Built: 1900

  • Lot Information

    Lot Description: Access, Busline, City Lot, Curbs, Sidewalks, Street Lights Lot Square Feet: 6055 Lot Acres: 0.14

    Property Information

    Property Type: Residential Income Sub Type: Quadruplex Structure Type: Quadruplex

  • Listing Price Information

    Original List Price:$225000

  • Tax Information

    Tax Lot: 002 Tax Legal Description: Wards 42' E Sd 0.0000Acres Str: 00000 Section: Plat: 23 In: Out: Tax Year: 2024 Parcel Number: 481113102013000003

  • Parking Information

    Alley Access

  • School Information

    Junior High School: Highland Middle School
  • Location Information

    Subdivision: No Subdivision City: Anderson Direction: GPS Friendly
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ByOwner last updated this listing 06/27/2026 @ 18:20

MLS: MIBOR #22089489 LISTED BY: Alyssa Burton, Inspired Realty 317-732-7002 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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