1808 Nichol Ave

Anderson, IN 46016

$54,900
Price
2
Beds
2,272 Sq. Ft.
$24 / Sq. Ft.
2,272
Sq. Ft.
$24
per Sq. Ft.
Pending
Pending

Description

Investor Alert! Don't miss this great value-add single family home located near downtown Anderson. Once renovated it should rent for above the 1% rule! The home has 2 bedrooms, 1 bathroom, a formal living room, formal dining room, spacious kitchen, and a laundry room. Just over 1100sq ft of finished living space. There is also an unfinished basement - great for extra storage, a workout area, workshop, etc. Property also has a large concrete pad in the back for dedicated off street parking. It is...Investor Alert! Don't miss this great value-add single family home located near downtown Anderson. Once renovated it should rent for above the 1% rule! The home has 2 bedrooms, 1 bathroom, a formal living room, formal dining room, spacious kitchen, and a laundry room. Just over 1100sq ft of finished living space. There is also an unfinished basement - great for extra storage, a workout area, workshop, etc. Property also has a large concrete pad in the back for dedicated off street parking. It is currently vacant. No HOA! Excellent location within one mile of downtown Anderson, the property benefits from convenient access to local amenities and public transportation, further enhancing rental demand. Whether you're looking to expand your portfolio with a value-add cash-flowing rental or prefer a BRRRR or flip strategy, this property provides a golden chance to invest in a rapidly improving area. Capitalize on this opportunity and grow your real estate portfolio today! Property sold-as is. Cash or hard money only due to condition.
  1. Listed by Peter Stewart • Keller Williams Indpls Metro N

Property Details for 1808 Nichol Avenue

Architectural Style
Ranch
Subdivision Name
No Subdivision
Township
Anderson
Waterfront
No
LISTING UPDATED: 12/30/2025 01:38 PM

Property Details for 1808 Nichol Avenue

StatusPending
MLS #22072985
Days on Market30
Taxes$433 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1929
Lot Size0.14 AC / 6,098 SF
CountyMadison County

Location

Listing Courtesy of Keller Williams Indpls Metro N
Add your commute

Building Information for 1808 Nichol Avenue

Stories-Year Built1929Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$343 per month

30 year fixed, 6.28% Interest

Principal and Interest

$271

Property Taxes

$72

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1808 Nichol Avenue

Summary
Location and General Information
  • City: Anderson
  • County Or Parish: Madison
  • Directions: GPS Friendly
  • Postal Code: 46016
  • Postal Code Plus4: 3054
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 481114201098000003
  • Semi Annual Property Tax Amt: 433
  • Tax Exemption: None
  • Tax Year: 2024
  • TaxLot: 0
School Information
  • School District: Anderson Community School Corp
Parking
  • Garage YN: No
Property
Lot Information
  • Acreage: <1/4 Acre
  • Lot Size Square Feet: 5863.0
  • Lot Size Acres: 0.14
  • Main Level SqFt: 1136
  • New Construction: False
  • Living SqFt: 0.0
  • Sqft Total: 1136.0
  • Sq Ft Total: 2272.0
  • Year Built Numeric: 1929
  • Below Grade Finished Area: 0.0
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: Yes
  • Legal Subdivision: Wickershams Exc 3.2'X75.5' Sw Pl:5-1 0.0000Acres Str: 00000 Section: Plat: 05 In: Out:
  • Photos Count: 14
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Transaction Type: Sale
  • Property Condition: Fixer
Utilities
  • Solid Waste: Yes
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding
  • Foundation Details: Block
  • Pool Private: No
  • Horse Amenities: None
Interior Features
  • Accessibility Features: No
  • Appliances: Gas Oven, Refrigerator
  • Basement Description: Unfinished
  • Basement YN: Yes
  • Cooling: None
  • Eating Area: Dining Combo/Living Room
  • Heating: Forced Air
  • Interior Features: Hardwood Floors
  • Levels: One
  • Room List: Living Room, Kitchen, Primary Bedroom, Bedroom 2
  • Room and Features: Living Room-Main, Kitchen-Main, Primary Bedroom-Main, Bedroom 2-Main
  • Spa: No
  • Main Level Bedrooms: 2
  • Laundry Features: Connections All, Main Level
  • Num Bedrooms Upper: 0
  • Num Bedrooms Basement: 0
  • Rooms Basement: 0
Room Information
Room Information
  • Rooms MU: 5
  • Rooms Total MU: 5
  • Total Rooms: 5
Room 1
  • Room Level: Main
  • Room Dimensions: 12x12
  • Room Type: Living Room
Room 2
  • Room Level: Main
  • Room Dimensions: 12x7
  • Room Type: Kitchen
Room 3
  • Room Level: Main
  • Room Dimensions: 10x10
  • Room Type: Primary Bedroom
Room 4
  • Room Level: Main
  • Room Dimensions: 10x9
  • Room Type: Bedroom 2
Bathrooms
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total Count: 1
  • Full Baths Basement: 0
  • Full Baths Main: 1
  • Full Baths MU: 1
  • Full Baths Upper: 0
  • Half Baths Basement: 0
  • Half Baths Main: 0
  • Half Baths MU: 0
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 2
  • Bedrooms MU: 2
  • Bedrooms Total: 2

Property History for 1808 Nichol Avenue

DateEvent & SourcePriceAppreciation
Dec 30, 2025

Pending

MIBORMLS #22072985

—
Nov 21, 2025

Listed (Active)

MIBORMLS #22072985

$54,900—
DateEvent & SourcePrice
12/30/2025

Pending

MIBORMLS #22072985

—
11/21/2025

Listed (Active)

MIBORMLS #22072985

$54,900

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

Public Records for 1808 Nichol Avenue

Taxable ValueLand$7,200Additions$31,800Total$39,000
Tax Record2024$867 ($72 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,136 SqFtAbove Grade Finished SqFt1,136 SqFtStories1Lot Size5,863 SqFtStyleSingle Family ResidenceYear Built1929Year Renovated1950CountyMADISONAPN48-11-14-201-098.000-003Fireplace TypeHas Fireplace

Schools near 1808 Nichol Avenue

This home is within Anderson Community School Corp.
Rating
School
Type
Grades
Distance
Edgewood Elementary School
Public - K to 4
Highland Jr High School
Public - 7 to 8
Anderson High School
Public - 9 to 12
COMPASS Alternative School
Public - 6 to 10
Rating
School
Distance
Edgewood Elementary School
PublicK to 4

Highland Jr High School
Public7 to 8

Anderson High School
Public9 to 12

COMPASS Alternative School
Public6 to 10

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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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 Indpls Metro N

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/03/2026 04:45 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.