1628 W 8th Street, Anderson, IN 46016

Anderson
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
1628 W 8th Street,Anderson, IN 46016
$198,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: alyssa burton
Office: inspired realty
MLS#:22089294
Source:IN_MIBOR

Price summary

  • Price:$198,000

About this home

$7,500 Grant + Brick Triplex - House Hack or Cash Flow Opportunity like this doesn't come around often. This solid brick triplex listed at $198,000 previously generated $2,650/month in rent, delivering approximately a 1.34% rent-to-price ratio. For owner-occupants, the property is eligible for a $7,500 grant with no income restrictions, potentially covering most or all of your down payment and then some for qualified buyers-making this an exceptional house hacking opportunity. The building includes three units, with two currently vacant, allowing the next owner to move in and select their preferred unit or place new tenants at market rent. Units are currently being turned and will be marketed for rent during market time, creating immediate upside potential. All three units were renovated in 2025, including many new windows, giving the property a fresh feel while minimizing near-term capital expenses. Tenants pay all utilities and handle lawn care, keeping operating costs low for...

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Home facts

  • Year built:1936
  • Listing ID #:22089294
  • Added:14 day(s) ago
  • Updated:March 30, 2026 at 07:50 AM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1936
  • Lot area:0.14 Acres

Finances and disclosures

  • Price:$198,000

Parking

  • Garage:Yes
  • Garage spaces:2
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