2231 Lincoln Street, Anderson, IN 46016

Anderson
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
2231 Lincoln Street,Anderson, IN 46016
$225,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: eric lewis
Office: real broker, llc.
MLS#:22118992
Source:IN_MIBOR

Price summary

  • Price:$225,000

About this home

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 7.35 and a Cap Rate of 12.29%(minus vacancy & maintenance...

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Home facts

  • Year built:1947
  • Subdivision & Development:No Subdivision
  • Listing ID #:22118992
  • Added:1 day(s) ago
  • Updated:August 08, 2026 at 02:48 AM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement, Storage Space

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Forced Air

Structure and exterior

  • Year built:1947
  • Lot area:0.16 Acres
  • Foundation Description:Block

Schools

  • Middle school:Highland Middle School

Finances and disclosures

  • Price:$225,000
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