Primary on Main
Address
817 W 5th Street, Anderson, IN
Price
$ 225,000
Property Attributes
- MLS#22113219
- TypeSingle Family
- Listing Status Active
- CountyMADISON
- CityAnderson
- AreaAnderson
- NeighborhoodFairgrounds
- Zip46016
- StyleVictorian
- Year Built1890
- Taxes$ 1068
- Price$ 225,000
- Bedrooms5
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage3454
- Lot Size0.15 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property Description
Space, style, and investment potential come together in this beautifully updated 5-bedroom, 2-bath home offering nearly 2,900 square feet of living space. With extensive improvements already completed and a tenant in place, this property offers an attractive opportunity for investors seeking a spacious, stabilized rental. The main level features both a generous living room and separate family room, providing flexible spaces for entertaining, relaxing, or working from home. Two spacious bedrooms and a remodeled full bathroom are conveniently located on the main level. The updated kitchen serves as the heart of the home, with modern finishes and an open layout that flows into a welcoming dining area ideal for everyday meals and gatherings. Upstairs, you'll find three additional bedrooms and a second remodeled full bathroom, providing plenty of room and a versatile floor plan. Major improvements include the roof, siding, windows, HVAC system, and flooring, giving the next owner peace of mind while minimizing the need for immediate capital improvements. Outside, a wood deck provides additional living space for grilling, entertaining, or enjoying the backyard. Currently tenant-occupied and generating $2,100 per month in rental income, or $25,200 annually. The current lease runs through March 30, 2027, providing immediate rental income for the next owner. A great opportunity to add a large, updated rental property to your portfolio with high income already in place. Can also be combined with MLS 22120318. Tenant occupied. The seller will allow interior showings after an offer is accepted. Please do not disturb the tenant.
| Price History | |
|---|---|
| 7/9/2026 | Listed $225,000 |
General Features
| Heating | Forced Air,Natural Gas |
|---|---|
| Cooling | Central Air |
| Possession | Negotiable |
| Appliances | Dishwasher,Disposal,MicroHood,Electric Oven,Refrigerator |
| Patio/Porch Features | Covered,Deck |
| Architectural Style | Victorian |
| Construction Materials | Vinyl Siding |
| Year Built | 1890 |
| Township | Anderson |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Madison |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | Fairgrounds |
| Garage Y/N | No |
| Total Rooms | 9 |
| Full Baths | 2 |
| Status | Active |
| Directions | GPS Friendly |
| City | Anderson |
| High School District | Anderson Community School Corp |
| MLS Area | 4810 - Madison - Anderson NW |
| Lot Size Square Feet | 6480 |
| Property Attached Y/N | No |
| Property Condition | Updated/Remodeled |
| Virtual Tour | https://www.tourfactory.com/idxr3222968 |
| Standard Status | Active |
| Virtual Tour | https://www.tourfactory.com/3222968 |
| Legal Description | Fair Grounds Cont 0.0000Acres Str: 00000 Section: Plat: 00 In: Out: |
Interior Features
| Interior Amenities | Attic Stairway,Paddle Fan,Wood Work Painted |
|---|---|
| Basement | Unfinished |
| Total Fireplaces | 1 |
| Fireplace Features | Other |
| Basement (Y/N) | Yes |
| Total Bedrooms | 5 |
| Main Level Bedrooms | 2 |
| LivingAreaSource | Appraiser |
| Total Baths | 2 |
Exterior Features
| Fencing | Partial,Privacy |
|---|---|
| Parking Features | Detached |
| Lot Features | Sidewalks,Mature Trees |
| Water Source | Public |
| Foundation Details | Cellar,Crawl Space,Partial |
| Building Area Total | 3454 |
| Lot Size Acres | 0.15 |
| Other Equipment | Smoke Alarm |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46016
Price
Taxes
Year Built
Visits
In The Neighborhood
Primary On Main
Lebanon
$ 339,900
- Type
- Single Family
Listed by Douglas Taylor of D.M. Taylor Realty LLC
MIBOR REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Indiana Realty - Carmel may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: September 14, 2026 8:04 PM UTC
