1002 E 7th St

Anderson, IN 46012

$1,790,000
Price
—
Beds
—
Baths
17,274 Sq. Ft.
$104 / Sq. Ft.
17,274
Sq. Ft.
$104
per Sq. Ft.

Description

Located just steps from the vibrant campus of Anderson University, this rare portfolio of 10 well-maintained condominiums presents a premier investment opportunity in the heart of Anderson, Indiana. Each unit is currently fully occupied, with strong tenant demand and a waitlist of prospective renters - underscoring the property's desirability and consistent income potential. Boasting a Net Operating Income of $127,000 annually, this asset offers investors immediate cash flow with long-term upside...Located just steps from the vibrant campus of Anderson University, this rare portfolio of 10 well-maintained condominiums presents a premier investment opportunity in the heart of Anderson, Indiana. Each unit is currently fully occupied, with strong tenant demand and a waitlist of prospective renters - underscoring the property's desirability and consistent income potential. Boasting a Net Operating Income of $127,000 annually, this asset offers investors immediate cash flow with long-term upside in a growing rental market. The property has been professionally maintained, requiring minimal ongoing capital investment, and benefits from a location that ensures continued tenant interest from students, faculty, and local professionals. Whether you're expanding your portfolio or entering the multifamily market, this stable, income-producing asset delivers both performance and peace of mind.
  1. Listed by Joshua Hoeft • Kaiser Real Estate Corp.

Property Details for 1002 East 7th Street

Township
Anderson
Zoning
R-4 & B-1
LISTING UPDATED: 12/18/2025 02:56 PM

Property Details for 1002 East 7th Street

StatusActive
MLS #22056949
Days on Market122
Taxes$1,279 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1988
Lot Size0.00 AC / 0 SF
CountyMadison County

Location

Listing Courtesy of Kaiser Real Estate Corp.
Add your commute

Building Information for 1002 East 7th Street

Stories1Residences10Year Built1988Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$9,058 per month

30 year fixed, 6.28% Interest

Principal and Interest

$8,845

Property Taxes

$213

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1002 East 7th Street

Summary
Location and General Information
  • City: Anderson
  • County Or Parish: Madison
  • Directions: GPS Friendly
  • Postal Code: 46012
  • Postal Code Plus4: 3414
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 481207304132000003
  • Semi Annual Property Tax Amt: 1279
  • Tax Year: 2024
  • TaxLot: 48-12-07-304-132.000-003
School Information
  • Middle Or Junior School: Highland Middle School
  • School District: Anderson Community School Corp
Parking
  • Garage Spaces: 2.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt>20
  • Lot Size Acres: 0.0
  • New Construction: False
  • Stories: 1
  • Space Available: 0
  • Structure Type: Apartment Complex
  • Sq Ft Total: 17274.0
  • Year Built Numeric: 1988
  • Living Area Source: Broker
Property and Assessments
  • Affected by Disclosures: No
  • Divisible: Yes
  • DPRYN: No
  • Legal Subdivision: Frees Park Place 64' W Pt 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
  • Photos Count: 10
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Transaction Type: Sale
Utilities
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Operating Expense: 64550.0
Interior and Exterior Features
Exterior Features
  • Foundation Details: Crawl Space
Interior Features
  • Cooling: Central Air
  • Levels: One
  • Laundry Features: Laundry Room
Multi Family
Multi-Family Information
  • Total Units: 10
  • Garage Parking: 2 Car Garage
Income & Expenses
  • Net Operating Income: $127,450.00
  • Gross Scheduled Income: $192,000.00
Unit 1
  • Unit Kitchen: 300
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 3 Bedroom
Unit 2
  • Unit Kitchen: 300
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Multi Tenants: Yes
  • Tenant Pays: All Utilities

Property History for 1002 East 7th Street

DateEvent & SourcePriceAppreciation
Dec 18, 2025

Price Change

MIBORMLS #22056949

$1,790,000—
Aug 22, 2025

Listed (Active)

MIBORMLS #22056949

$1,999,995—
Jan 31, 2024

Expired

MIBORMLS #21918849

—
May 10, 2023

Listed (Active)

MIBORMLS #21918849

$1,800,000—
Feb 24, 2022

Sold (Public Record)

Public Record #1510505519

$90,000

+594.5% / yr

Aug 30, 2021

Sold (Public Record)

Public Record #1504955289

$35,000—
DateEvent & SourcePrice
12/18/2025

Price Change

MIBORMLS #22056949

$1,790,000
08/22/2025

Listed (Active)

MIBORMLS #22056949

$1,999,995
01/31/2024

Expired

MIBORMLS #21918849

—
05/10/2023

Listed (Active)

MIBORMLS #21918849

$1,800,000
02/24/2022

Sold (Public Record)

Public Record #1510505519

$90,000

+594.5% / yr

08/30/2021

Sold (Public Record)

Public Record #1504955289

$35,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1002 East 7th Street

Taxable ValueLand$18,100Additions$97,000Total$115,100
Tax Record2024$2,558 ($213 / month)
Home Facts
Beds0Baths2Total Finished SqFt1,526 SqFtAbove Grade Finished SqFt1,526 SqFtStories1StyleCondominiumYear Built1988Year Renovated1993CountyMADISONAPN48-12-07-304-132.000-003

Schools near 1002 East 7th Street

This home is within Anderson Community School Corp.
Rating
School
Type
Grades
Distance
Tenth Street Elementary School
Public - K to 4
Highland Jr High School
Public - 7 to 8
Anderson High School
Public - 9 to 12
Anderson Intermediate School
Public - 5 to 6
Rating
School
Distance
Tenth Street Elementary School
PublicK to 4

Highland Jr High School
Public7 to 8

Anderson High School
Public9 to 12

Anderson Intermediate School
Public5 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1002 East 7th Street, Anderson, IN 46012

1002 East 7th Street is a multi-family home for sale in Anderson, IN 46012. This property was listed for sale on August 22, 2025 by Kaiser Real Estate Corp., it's currently listed at $1,790,000. It has been on the market for a total of 122 days and was last sold on February 24, 2022. This listing's school district is Anderson Community School Corp. Nearby schools include Tenth Street Elementary School, Highland Jr High School and Anderson High School. 1002 East 7th Street is a 0-bed, 0-bath, 17,274 sqft multi-family home built in 1988.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kaiser Real Estate Corp.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/21/2025 05:09 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.