515 W 2nd St

Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Are you looking for fantastic cashflow? One price, 4+ units! This property offers a good independent unit in the front with 3 apartments in the back, plus storage area (could be converted into an extra unit). Off-street parking and 2 units recently renovated and ready to rent, some work will get the other unit ready to roll.Are you looking for fantastic cashflow? One price, 4+ units! This property offers a good independent unit in the front with 3 apartments in the back, plus storage area (could be converted into an extra unit). Off-street parking and 2 units recently renovated and ready to rent, some work will get the other unit ready to roll.
  1. Listed by Daniel Soares • Weichert, REALTORS®

Property Details for 515 West 2nd Street

Subdivision Name
No Subdivision
Township
Anderson
LISTING UPDATED: 11/26/2025 10:10 PM

Property Details for 515 West 2nd Street

StatusActive
MLS #22073096
Days on Market77
Taxes$829 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1885
Lot Size0.14 AC / 6,098 SF
CountyMadison County

Location

Listing Courtesy of Weichert, REALTORS®
Add your commute

Building Information for 515 West 2nd Street

Stories-Residences4Year Built1885Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$723 per month

30 year fixed, 6.15% Interest

Principal and Interest

$585

Property Taxes

$138

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 515 West 2nd Street

Summary
Location and General Information
  • City: Anderson
  • County Or Parish: Madison
  • Directions: GPS Friendly
  • Postal Code: 46016
  • Postal Code Plus4: 2213
  • Road Access: Frontage Road
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 481112204034000003
  • Semi Annual Property Tax Amt: 829
  • Tax Year: 2024
  • TaxLot: 48-11-12-204-034.000-003 186495
School Information
  • School District: Anderson Community School Corp
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Description: Access
  • Lot Size Square Feet: 6250.0
  • Lot Size Acres: 0.14
  • New Construction: False
  • Structure Type: Quadruplex
  • Year Built Numeric: 1885
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Matters 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
  • Photos Count: 21
  • Property Attached: No
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Utilities
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement YN: No
  • Laundry Features: Connections Some
Multi Family
Multi-Family Information
  • Total Units: 4
  • Garage Parking: On Street, Parking Lot
Income & Expenses
  • Expenses: 12000
  • Net Operating Income: $22,120.00
  • Gross Income: $34,120.00
Unit 1
  • Unit Kitchen: 8X10
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 3 Bedroom
Unit 2
  • Unit Kitchen: 9x9
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 3
  • Unit Kitchen: 9x9
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 4
  • Unit Kitchen: 9x9
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom

Property History for 515 West 2nd Street

DateEvent & SourcePriceAppreciation
Nov 26, 2025

Price Change

MIBORMLS #22073096

$120,000
Nov 12, 2025

Listed (Active)

MIBORMLS #22073096

$125,000
Apr 25, 2019

Sold

MIBORMLS #21350874

$40,000
Apr 1, 2019

Pending

MIBORMLS #21350874

Oct 26, 2015

Price Change

MIBORMLS #21350874

$44,900
May 4, 2015

Listed (Active)

MIBORMLS #21350874

$64,900
Feb 17, 2015

Expired

MIBORMLS #21015268

Mar 18, 2010

Listed (Active)

MIBORMLS #21015268

$74,900
May 31, 2000

Sold

MIBORMLS #2011034

$5,000
May 10, 2000

Pending

MIBORMLS #2011034

Mar 17, 2000

Listed (Active)

MIBORMLS #2011034

$23,500
DateEvent & SourcePrice
11/26/2025

Price Change

MIBORMLS #22073096

$120,000
11/12/2025

Listed (Active)

MIBORMLS #22073096

$125,000
04/25/2019

Sold

MIBORMLS #21350874

$40,000
04/01/2019

Pending

MIBORMLS #21350874

10/26/2015

Price Change

MIBORMLS #21350874

$44,900
05/04/2015

Listed (Active)

MIBORMLS #21350874

$64,900
02/17/2015

Expired

MIBORMLS #21015268

03/18/2010

Listed (Active)

MIBORMLS #21015268

$74,900
05/31/2000

Sold

MIBORMLS #2011034

$5,000
05/10/2000

Pending

MIBORMLS #2011034

03/17/2000

Listed (Active)

MIBORMLS #2011034

$23,500

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

Public Records for 515 West 2nd Street

Taxable ValueLand$8,100Additions$66,500Total$74,600
Tax Record2024$1,658 ($138 / month)
Home Facts
Beds2Baths2Total Finished SqFt888 SqFtAbove Grade Finished SqFt888 SqFtStories2Lot Size6,250 SqFtStyleSingle Family ResidenceYear Built1885Year Renovated1950CountyMADISONAPN48-11-12-204-034.000-003

Schools near 515 West 2nd Street

This home is within Anderson Community School Corp.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 7 to 8
Public - 9 to 12
Public - 5 to 6
Rating
School
Distance
Eastside 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.

Similar Homes

Similar Sold Homes

515 West 2nd Street is a multi-family home for sale in Anderson, IN 46016. This property was listed for sale on November 12, 2025 by Weichert, REALTORS®, it's currently listed at $120,000. It has been on the market for a total of 77 days and was last sold on April 25, 2019. This listing's school district is Anderson Community School Corp. Nearby schools include Eastside Elementary School, Highland Jr High School and Anderson High School. 515 West 2nd Street is a 0-bed, 0-bath, multi-family home built in 1885.

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 Weichert, REALTORS®

Based on information submitted to the MLS GRID as of 11/26/2025 10:10 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.