702 W 5th St

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

Description

This conveniently located 4 unit property has historically rented for $500 per unit with the tenants paying their own utilities. The seller pays water and sewer. It is located on a corner lot with parking behind the building off the alley. Potential for great ROI!This conveniently located 4 unit property has historically rented for $500 per unit with the tenants paying their own utilities. The seller pays water and sewer. It is located on a corner lot with parking behind the building off the alley. Potential for great ROI!
  1. Listed by Jeff Weightman • Weightman Realty Group, LLC
    P: (317)-258-4714 C: (317)-258-4714 weightmanrealty@aol.com

Property Details for 702 West 5th Street

Architectural Style
TraditonalAmerican
Subdivision Name
Howards
Township
Anderson NW
LISTING UPDATED: 01/14/2023 12:04 PM

Property Details for 702 West 5th Street

StatusClosed
MLS #21873050
Days on Market51
Taxes$328 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1905
Lot Size0.13 AC / 5,758 SF
CountyMadison County

Location

Listing Courtesy of Weightman Realty Group, LLC

Sold By Weightman Realty Group, LLC

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Building Information for 702 West 5th Street

Stories-Residences4Year Built1905Building Size-Lot Size0.13 AC / 5,758 SF

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$432 per month

30 year fixed, 6.46% Interest

Principal and Interest

$378

Property Taxes

$55

HOA Dues

$0

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Property Information for 702 West 5th Street

Summary
Location and General Information
  • City: Anderson
  • County Or Parish: Madison
  • Directions: The building is located at the intersection of W 5th Street and John St on the NW corner
  • Postal Code: 46016
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 481112302219000003
  • Semi Annual Property Tax Amt: 328
  • Tax Exemption: None
  • Tax Year: 2020
  • TaxLot: 13
School Information
  • School District: Anderson Community School Corp
Owner
  • Owner Pays: Ins Hazard, Insurance, Lawncare
Property
Lot Information
  • Acreage: <1/4 Acre
  • Building Information: Other
  • Gross Area SQFT: 2000
  • Lot Description: Corner Lot
  • Lot Size Square Feet: 5759.0
  • Lot Size Acres: 0.1322
  • MLS: MIBOR
  • New Construction: False
  • Structure Type: Quadruplex
  • Sq Ft Total: 0.0
  • Year Built Numeric: 1905
  • SqFt Total: 2000
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Inspection Warranties: Not Applicable
  • Legal Subdivision: HOWARDS ADDN E 40' LOT 13
  • Photos Count: 15
  • Property Attached: No
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Buyer Financing: Conventional
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Sewer,Water
  • Solid Waste: No
  • Utilities: Electricity Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Foundation Details: Block, Slab
Interior Features
  • Levels: Two
  • Laundry Features: No Laundry Facil.
Room Information
Room Information
  • Rooms MU: 0
  • Rooms Total MU: 0
  • Total Rooms: 0
Bathrooms
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total Count: 0
  • Full Baths MU: 0
  • Half Baths MU: 0
Bedrooms
  • Beds MU: 0
  • Bedrooms MU: 0
  • Bedrooms Total: 0
Multi Family
Multi-Family Information
  • Total Units: 4
  • Garage Parking: Parking Lot
Income & Expenses
  • Expenses: 2200
  • Gross Income: $.00
Unit 1
  • Unit Kitchen: 08x08
  • Unit Levels: 1
  • Unit Miscellaneous: Eat In Kitchen
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Elec,Heat Base Bd
Unit 2
  • Unit Kitchen: 07x08
  • Unit Levels: 2
  • Unit Miscellaneous: Eat In Kitchen
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Elec
Unit 3
  • Unit Kitchen: 08x08
  • Unit Levels: 2
  • Unit Miscellaneous: Eat In Kitchen
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Elec,Heat Base Bd
Unit 4
  • Unit Kitchen: 08x09
  • Unit Levels: 1
  • Unit Miscellaneous: Eat In Kitchen
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Elec,Heat Base Bd
Rental
Rental Information
  • Tenant Pays: Electricity

Property History for 702 West 5th Street

DateEvent & SourcePriceAppreciation
Apr 16, 2026

Expired

MIBORMLS #22088211

Apr 16, 2026

Withdrawn

MIBORMLS #22088211

Mar 9, 2026

Listed (Active)

MIBORMLS #22088211

$178,000
DateEvent & SourcePrice
04/16/2026

Expired

MIBORMLS #22088211

04/16/2026

Withdrawn

MIBORMLS #22088211

03/09/2026

Listed (Active)

MIBORMLS #22088211

$178,000

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

Public Records for 702 West 5th Street

Taxable ValueLand$6,200Additions$65,500Total$71,700
Tax Record2024$1,462 ($122 / month)
Home Facts
Baths3Total Finished SqFt2,000 SqFtAbove Grade Finished SqFt2,000 SqFtStories2Lot Size5,760 SqFtStyleTriplexYear Built1905Year Renovated1970CountyMADISONAPN48-11-12-302-219.000-003

Schools near 702 West 5th 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
Eastside 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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Listing Courtesy of Weightman Realty Group, LLC

Based on information submitted to the MLS GRID as of 01/14/2023 12:04 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.