2231 Lincoln Street, Anderson, IN 46016

Anderson
Local realty services provided by:Better Homes and Gardens Real Estate Connections
2231 Lincoln Street,Anderson, IN 46016
$214,900
  • 3 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: eric lewis
Office: real broker, llc.
MLS#:202635870
Source:Indiana Regional MLS

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Price summary

  • Price:$214,900

About this home

MOTIVATED SELLER!! Turnkey Triplex Investment Opportunity in Anderson! Excellent opportunity to own a recently updated triplex with three 1-bedroom, 1-bath units, all currently leased on one-year leases at $850/month per unit. The property currently generates $2,550/month, or $30,600 in annual gross rental income, with tenants responsible for their own utilities, except water. Recent improvements include a newer roof, fresh exterior paint, new exterior lighting, new gutters, and new interior paint throughout all three units. All units feature new flooring and have appliances, as well as new water heaters. Units 1 and 2 offer generous basement space, providing valuable additional storage, and the basement includes washer and dryer hookups for each unit. Unit 3 is a detached accessory dwelling unit. With recent improvements, existing rental income, tenant-paid utilities, $30,600 in current annual gross rental income, a Gross Rent Multiplier of 7.02 and a Cap Rate of 12.87%(minus vacancy...

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Home facts

  • Year built:1947
  • Subdivision & Development:None
  • Listing ID #:202635870
  • Added:72 day(s) ago
  • Updated:November 12, 2026 at 08:34 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Vinyl
  • Basement Description:Full Basement, Unfinished

Heating and cooling

  • Cooling:Window
  • Heating:Forced Air

Structure and exterior

  • Year built:1947
  • Architectural Style:One Story
  • Construction Materials:Stucco
  • Levels:1 Story

Schools

  • High school:Anderson
  • Middle school:Highland
  • Elementary school:Anderson

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$214,900
  • Tax amount:$991

Features and amenities

  • Amenities:Storage
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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