1609 Brown Street, Anderson, IN 46016
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
1609 Brown Street,Anderson, IN 46016
$89,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Pending
Listed by:peter stewart
Office:keller williams indpls metro n
MLS#:22044567
Source:IN_MIBOR
Price summary
- Price:$89,000
About this home
Investor alert! Don't miss this value-add, cash-flowing duplex located at 1609 Brown St in the heart of Anderson. This up/down duplex offers strong rental potential with multiple investment strategies in play-perfect for house hackers, buy-and-hold investors, or BRRRR enthusiasts. The lower unit is a spacious 2 bed, 1 bath currently rented for $1,133/month with utilities included (HUD tenant, lease through December). It features a fenced backyard and firepit-great amenities for tenant retention. The upper unit is a 3 bed, 1 bath that's currently vacant and ready for your finishing touches. The seller is in the process of making cosmetic updates (flooring and paint), offering the next owner a chance to force appreciation and boost cash flow. Once leased, this property could exceed the 2% rule, delivering exceptional returns. Electric is separately metered and water/sewer are on a single meter. Situated just blocks from downtown Anderson, this property offers easy access to shopping, dining, public transportation, and major employers-enhancing its long-term rentability. Whether you're looking to live in one unit and rent the other, or add a high-yield asset to your portfolio, this duplex delivers flexibility and upside. Seize the opportunity to secure a property with built-in income and untapped potential! Sold as-is.
Contact an agent
Home facts
- Year built:1898
- Listing Id #:22044567
- Added:49 day(s) ago
- Updated:July 01, 2025 at 07:53 AM
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Year built:1898
- Lot area:0.17 Acres
Finances and disclosures
- Price:$89,000
New listings near 1609 Brown Street
- New
$164,900Active4 beds 2 baths2,150 sq. ft.2325 Oakwood Drive, Anderson, IN 46011
MLS# 22053948Listed by: KELLER WILLIAMS INDY METRO S - New
$55,000Active-- beds -- baths2209 Noble Street, Anderson, IN 46016
MLS# 22053903Listed by: TRUEBLOOD REAL ESTATE - New
$130,000Active4 beds 2 baths1,748 sq. ft.1115 Irving Way, Anderson, IN 46016
MLS# 22053751Listed by: BERKSHIRE HATHAWAY HOME 
$130,000Pending2 beds 1 baths1,052 sq. ft.233 S Elma Street, Anderson, IN 46012
MLS# 22052991Listed by: KELLER WILLIAMS INDY METRO NE- New
$299,900Active5 beds 2 baths3,059 sq. ft.320 W 12th Street, Anderson, IN 46016
MLS# 22053521Listed by: HIGHGARDEN REAL ESTATE - New
$265,000Active3 beds 2 baths1,356 sq. ft.162 W 500 S, Anderson, IN 46013
MLS# 22053620Listed by: PILLARIO PROPERTY MANAGEMENT LLC - Open Sun, 2 to 4pmNew
$279,900Active4 beds 2 baths2,130 sq. ft.364 E 500 S, Anderson, IN 46013
MLS# 22053406Listed by: RE/MAX REAL ESTATE SOLUTIONS - Open Sat, 12 to 2pmNew
$225,000Active3 beds 2 baths1,479 sq. ft.1606 E 7th Street, Anderson, IN 46012
MLS# 22053391Listed by: RE/MAX REAL ESTATE SOLUTIONS - New
$69,900Active2 beds 1 baths940 sq. ft.1530 Ohio Avenue, Anderson, IN 46016
MLS# 22052071Listed by: KELLER WILLIAMS INDPLS METRO N - New
$355,000Active3 beds 3 baths1,812 sq. ft.2334 Impala Drive, Anderson, IN 46012
MLS# 22051718Listed by: KELLER WILLIAMS INDY METRO NE
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2023 - 2025 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.