1615 Main St

Baths
3,360 Sq. Ft.
$92 / Sq. Ft.
3,360
Sq. Ft.
$92
per Sq. Ft.

Description

7 unit fully occupied apartment building generating over $5,000 in monthly gross income! Investors, this is your dream asset for an unbeatable price in Anderson! With renovations accomplished throughout the last 2 years & a historic strong rental demand, this is a true cash flowing investment!7 unit fully occupied apartment building generating over $5,000 in monthly gross income! Investors, this is your dream asset for an unbeatable price in Anderson! With renovations accomplished throughout the last 2 years & a historic strong rental demand, this is a true cash flowing investment!
  1. Listed by Stuart Houghton • Keller Williams Indy Metro S

Property Details for 1615 Main Street

Township
Anderson
Zoning
Apartments General
LISTING UPDATED: 03/16/2026 10:09 AM

Property Details for 1615 Main Street

StatusActive
MLS #22069905
Days on Market24
Taxes$1,823 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1906
Lot Size0.11 AC / 4,791 SF
CountyMadison County

Location

Listing Courtesy of Keller Williams Indy Metro S
Add your commute

Building Information for 1615 Main Street

Stories2Residences7Year Built1906Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$1,803 per month

30 year fixed, 6.11% Interest

Principal and Interest

$1,500

Property Taxes

$304

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1615 Main Street

Summary
Location and General Information
  • City: Anderson
  • County Or Parish: Madison
  • Directions: GPS Friendly
  • Postal Code: 46016
  • Postal Code Plus4: 1876
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 481113103030000003
  • Semi Annual Property Tax Amt: 1823
  • Tax Year: 2024
  • TaxLot: 26
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
  • Lot Size Square Feet: 4792.0
  • Lot Size Acres: 0.11
  • New Construction: False
  • Stories: 2
  • Space Available: 500
  • Structure Type: Apartment Building
  • Sq Ft Total: 3360.0
  • Year Renovated: 2024
  • Year Built Numeric: 1906
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Legal Subdivision: Pt Sw Ne 0.1100Acres Str: 13197 Section: Plat: 26 In: Out:
  • Photos Count: 3
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Transaction Type: Sale
Utilities
  • Utilities: See Remarks
Interior and Exterior Features
Exterior Features
  • Foundation Details: Block
Interior Features
  • Basement Description: Unfinished
  • Basement YN: Yes
  • Cooling: Other
  • Heating: Other
  • Levels: Two
  • Multi Baths: 7
  • Multi Beds: 7
Multi Family
Multi-Family Information
  • Total Units: 7
Income & Expenses
  • Gross Scheduled Income: $5,025.00
Unit 1
  • Unit Kitchen: NA
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: Apartments
Rental
Rental Information
  • Multi Tenants: Yes

Property History for 1615 Main Street

DateEvent & SourcePriceAppreciation
Mar 16, 2026

Price Change

MIBORMLS #22069905

$309,000
Mar 1, 2026

Listed (Active)

MIBORMLS #22069905

$319,000
Sep 26, 2022

Sold

MIBORMLS #21876440

$150,000
Sep 23, 2022

Sold (Public Record)

Public Record #1510506640

$150,000

+15.5% / yr

Aug 17, 2022

Pending

MIBORMLS #21876440

Aug 9, 2022

Listed (Active)

MIBORMLS #21876440

$179,000
Jan 26, 2017

Expired

MIBORMLS #21460141

Jan 2, 2017

Listed (Active)

MIBORMLS #21460141

$149,900
Jan 29, 2014

Sold (Public Record)

Public Record #1119453362

$43,000
Jan 29, 2014

Sold

MIBORMLS #21266475

$43,000
Jan 1, 2014

Pending

MIBORMLS #21266475

Nov 25, 2013

Listed (Active)

MIBORMLS #21266475

$49,900
Jun 16, 2011

Sold

MIBORMLS #21113702

$20,000
Jun 8, 2011

Pending

MIBORMLS #21113702

Mar 28, 2011

Listed (Active)

MIBORMLS #21113702

$78,000
Mar 17, 2011

Expired

MIBORMLS #2914731

Mar 26, 2009

Expired

MIBORMLS #2519058

Mar 25, 2009

Listed (Active)

MIBORMLS #2914731

$64,000
Mar 31, 2005

Listed (Active)

MIBORMLS #2519058

$79,000
DateEvent & SourcePrice
03/16/2026

Price Change

MIBORMLS #22069905

$309,000
03/01/2026

Listed (Active)

MIBORMLS #22069905

$319,000
09/26/2022

Sold

MIBORMLS #21876440

$150,000
09/23/2022

Sold (Public Record)

Public Record #1510506640

$150,000

+15.5% / yr

08/17/2022

Pending

MIBORMLS #21876440

08/09/2022

Listed (Active)

MIBORMLS #21876440

$179,000
01/26/2017

Expired

MIBORMLS #21460141

01/02/2017

Listed (Active)

MIBORMLS #21460141

$149,900
01/29/2014

Sold (Public Record)

Public Record #1119453362

$43,000
01/29/2014

Sold

MIBORMLS #21266475

$43,000
01/01/2014

Pending

MIBORMLS #21266475

11/25/2013

Listed (Active)

MIBORMLS #21266475

$49,900
06/16/2011

Sold

MIBORMLS #21113702

$20,000
06/08/2011

Pending

MIBORMLS #21113702

03/28/2011

Listed (Active)

MIBORMLS #21113702

$78,000
03/17/2011

Expired

MIBORMLS #2914731

03/26/2009

Expired

MIBORMLS #2519058

03/25/2009

Listed (Active)

MIBORMLS #2914731

$64,000
03/31/2005

Listed (Active)

MIBORMLS #2519058

$79,000

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

Public Records for 1615 Main Street

Taxable ValueLand$14,500Additions$116,800Total$131,300
Tax Record2024$3,647 ($304 / month)
Home Facts
Total Finished SqFt3,360 SqFtAbove Grade Finished SqFt3,360 SqFtStories2Lot Size4,792 SqFtStyleMulti-Family Res (5+ Units)Year Built1906CountyMADISONAPN48-11-13-103-030.000-003

Schools near 1615 Main Street

This home is within Anderson Community School Corp.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 8
Public - 9 to 12
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.

Similar Homes

Similar Sold Homes

1615 Main Street is a multi-family home for sale in Anderson, IN 46016. This property was listed for sale on March 1, 2026 by Keller Williams Indy Metro S, it's currently listed at $309,000. It has been on the market for a total of 24 days and was last sold on September 26, 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. 1615 Main Street is a 0-bed, 0-bath, 3,360 sqft multi-family home built in 1906.

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 Keller Williams Indy Metro S

Based on information submitted to the MLS GRID as of 03/16/2026 10:09 AM. 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.