2231 Lincoln ST, Anderson, IN 46016-4227
2231 Lincoln ST, Anderson, IN 46016-4227
2231 Lincoln ST, Anderson, IN 46016-4227
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Mariah Cressy

Mariah Cressy

+1(574) 339-4941
Listed by Real Broker, LLC
$214,900
Est. payment /mo
3 Beds
3 Baths
2,156 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,156 sqft

MLS Listing ID IRM202635870

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1947

Annual Tax Amount $1,144

Tax Year 2026

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 50X135

Property Sub-Type Triplex

Property Description

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 & maintenance since newly renovated and rented), this triplex offers an excellent opportunity to add a cash-flowing property to your investment portfolio.

Location

State IN

County Madison County

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air

Inclusions Building, Land

Fireplace N

Exterior

View Y/N true

Total Parking Spaces 3

Building

Lot Description Other

Story One

Sewer Public Sewer

Water City

Level or Stories One

New Construction No

Schools

Elementary Schools Anderson

Middle Schools Highland

High Schools Anderson

School District Anderson Community

Others

Pets Allowed No

Tax ID 48-11-13-304-153.000-003

Acceptable Financing IRM202635870

Listing Terms IRM202635870

Special Listing Condition None

Pets Allowed No

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202635870

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Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.

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Mariah Cressy

Mariah Cressy

+1(574) 339-4941

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