121 W 13th St

Anderson, IN 46016

$225,000
Price
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Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
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Description

$3,025/Month Quadplex | Fully Renovated in 2025 | $7,500 Grant Eligible Rare opportunity to own a fully renovated quadplex generating $3,025 in monthly rental income, with tenants paying all utilities, creating a low-expense investment with strong cash flow potential. The property is fully leased with stable tenants, providing immediate income from day one. House Hack Opportunity This property is eligible for a $7,500 owner-occupant grant with no income restrictions, potentially covering most or...$3,025/Month Quadplex | Fully Renovated in 2025 | $7,500 Grant Eligible Rare opportunity to own a fully renovated quadplex generating $3,025 in monthly rental income, with tenants paying all utilities, creating a low-expense investment with strong cash flow potential. The property is fully leased with stable tenants, providing immediate income from day one. House Hack Opportunity This property is eligible for a $7,500 owner-occupant grant with no income restrictions, potentially covering most or all of your down payment and closing costs for qualified buyers. Owner-occupants can live in one unit while the remaining units help offset the mortgage, creating a powerful opportunity to build equity while significantly reducing monthly housing costs. Investor Opportunity With $3,025 in monthly rent ($36,300 annually), the property delivers approximately a 1.34% rent-to-price ratio at the $225,000 list price, a metric experienced investors actively seek. Tenants pay all utilities, helping keep operating costs low. The building was fully renovated in 2025, including a new roof and many new windows, along with extensive interior improvements throughout the units. These updates help minimize near-term maintenance while providing attractive living spaces for tenants. Additional Investment Opportunity: The same owner is also selling a duplex just two houses down at 131 W 13th St, creating a rare opportunity for investors to add six units within the same block to their portfolio. Strong rental income, major renovations, stable tenants, and house hack eligibility make this property a standout opportunity for both investors and owner-occupants.
  1. Listed by Alyssa Burton • Inspired Realty

Property Details for 121 West 13th Street

Subdivision Name
No Subdivision
Township
Anderson
LISTING UPDATED: 03/17/2026 06:31 PM

Property Details for 121 West 13th Street

StatusActive
MLS #22089489
Days on Market7
Taxes$533 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1900
Lot Size0.14 AC / 6,098 SF
CountyMadison County
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Location

Listing Courtesy of Inspired Realty
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Building Information for 121 West 13th Street

Stories-Residences4Year Built1900Building Size-Lot Size0.14 AC / 6,098 SF

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$1,181 per month

30 year fixed, 6.11% Interest

Principal and Interest

$1,092

Property Taxes

$89

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 121 West 13th Street

Summary
Location and General Information
  • City: Anderson
  • County Or Parish: Madison
  • Directions: GPS Friendly
  • Postal Code: 46016
  • Postal Code Plus4: 1682
  • Road Access: Frontage Road
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 481113102013000003
  • Semi Annual Property Tax Amt: 533
  • Tax Year: 2024
  • TaxLot: 002
School Information
  • Middle Or Junior School: Highland Middle School
  • School District: Anderson Community School Corp
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20
  • Gross Area SQFT: 2671
  • Lot Description: Access, Busline, City Lot, Curbs, Sidewalks, Street Lights
  • Lot Size Square Feet: 6055.0
  • Lot Size Acres: 0.14
  • New Construction: False
  • Structure Type: Quadruplex
  • Year Built Numeric: 1900
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: No
  • Legal Subdivision: Wards 42' E Sd 0.0000Acres Str: 00000 Section: Plat: 23 In: Out:
  • Photos Count: 43
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Utilities
  • Building Utilities: Municipal Storm Connected,Sewer
  • Solid Waste: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood With Stone
Interior Features
  • Basement Description: Cellar, Unfinished
  • Basement YN: Yes
  • Heating: Wall Furnace
  • Levels: Two
  • Laundry Features: No Laundry Facil.
Multi Family
Multi-Family Information
  • Total Units: 4
  • Garage Parking: On Street, Other
Income & Expenses
  • Expenses: 1066
  • Gross Income: $36,300.00
Unit 1
  • Unit Kitchen: 9x10
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas
  • Unit Type Type: 1 Bedroom
Unit 2
  • Unit Kitchen: 5x12
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas
  • Unit Type Type: 2 Bedroom
Unit 3
  • Unit Kitchen: 13x16
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 4
  • Unit Kitchen: 10x18
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom

Property History for 121 West 13th Street

DateEvent & SourcePriceAppreciation
Mar 16, 2026

Listed (Active)

MIBORMLS #22089489

$225,000—
Oct 22, 2024

Sold (Public Record)

Public Record #1547310977

$120,000

+25.1% / yr

Oct 22, 2024

Sold

MIBORMLS #22000995

$120,000—
Oct 9, 2024

Pending

MIBORMLS #22000995

—
Oct 2, 2024

Price Change

MIBORMLS #22000995

$159,500—
Sep 25, 2024

Price Change

MIBORMLS #22000995

$169,500—
Sep 18, 2024

Price Change

MIBORMLS #22000995

$179,500—
Sep 10, 2024

Listed (Active)

MIBORMLS #22000995

$195,000—
Feb 2, 2016

Sold (Public Record)

Public Record #1119461105

$17,000—
Jan 15, 2016

Sold (Public Record)

Public Record #1119460912

$7,500—
Oct 21, 2009

Expired

MIBORMLS #2923156

—
Apr 21, 2009

Listed (Active)

MIBORMLS #2923156

$39,900—
Jun 5, 2006

Expired

MIBORMLS #2602393

—
Jan 5, 2006

Listed (Active)

MIBORMLS #2602393

$57,900—
Sep 14, 2000

Expired

MIBORMLS #2001685

—
Jan 12, 2000

Listed (Active)

MIBORMLS #2001685

$59,900—
DateEvent & SourcePrice
03/16/2026

Listed (Active)

MIBORMLS #22089489

$225,000
10/22/2024

Sold (Public Record)

Public Record #1547310977

$120,000

+25.1% / yr

10/22/2024

Sold

MIBORMLS #22000995

$120,000
10/09/2024

Pending

MIBORMLS #22000995

—
10/02/2024

Price Change

MIBORMLS #22000995

$159,500
09/25/2024

Price Change

MIBORMLS #22000995

$169,500
09/18/2024

Price Change

MIBORMLS #22000995

$179,500
09/10/2024

Listed (Active)

MIBORMLS #22000995

$195,000
02/02/2016

Sold (Public Record)

Public Record #1119461105

$17,000
01/15/2016

Sold (Public Record)

Public Record #1119460912

$7,500
10/21/2009

Expired

MIBORMLS #2923156

—
04/21/2009

Listed (Active)

MIBORMLS #2923156

$39,900
06/05/2006

Expired

MIBORMLS #2602393

—
01/05/2006

Listed (Active)

MIBORMLS #2602393

$57,900
09/14/2000

Expired

MIBORMLS #2001685

—
01/12/2000

Listed (Active)

MIBORMLS #2001685

$59,900

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

Public Records for 121 West 13th Street

Taxable ValueLand$17,100Additions$88,100Total$105,200
Tax Record2024$1,067 ($89 / month)
Home Facts
Baths4Total Finished SqFt2,671 SqFtAbove Grade Finished SqFt2,671 SqFtStories2Lot Size6,055 SqFtStyleMulti-Family Dwelling (2-4)Year Built1965CountyMADISONAPN48-11-13-102-013.000-003Fireplace TypeHas Fireplace

Schools near 121 West 13th Street

This home is within Anderson Community School Corp.
Rating
School
Type
Grades
Distance
Tenth Street Elementary School
Public - K to 5
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 5

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 121 West 13th Street, Anderson, IN 46016

121 West 13th Street is a multi-family home for sale in Anderson, IN 46016. This property was listed for sale on March 16, 2026 by Inspired Realty, it's currently listed at $225,000. It has been on the market for a total of 7 days and was last sold on October 22, 2024. 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. 121 West 13th Street is a 0-bed, 0-bath, multi-family home built in 1900.

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 Inspired Realty

Based on information submitted to the MLS GRID as of 03/17/2026 06:31 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ 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 is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.