2231 Lincoln Street, Anderson, IN 46016-4227
2231 Lincoln Street, Anderson, IN 46016-4227
2231 Lincoln Street, Anderson, IN 46016-4227
2231 Lincoln Street, Anderson, IN 46016-4227
2231 Lincoln Street, Anderson, IN 46016-4227
2231 Lincoln Street, Anderson, IN 46016-4227
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Jeff Foster

Jeff Foster

+1(574) 993-5333
Listed by Eric Lewis • Real Broker, LLC
$ 214,900
Est. payment | /mo

3 Beds

3 Baths

2,156 SqFt

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$ 214,900
Est. payment | /mo
Save Virtual Tour

3 Beds

3 Baths

2,156 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,156 sqft

MLS Listing ID 202635870

Style One Story

Bedrooms 3

Full Baths 3

Abv Grd Liv Area 2,156

Total Fin. Sqft 2156

Year Built 1947

Annual Tax Amount $991

Tax Year 2026

Lot Size 6,969 Sqft

Property Sub-Type Triplex

Property Description

MOTIVATED SELLER!! Turnkey Triplex Investment Opportunity in Anderson! Excellent opportunity to own a recently updated triplex with three 1-bedroom, 1-bath units, all currently leased on one-year leases at $850/month per unit. The property currently generates $2,550/month, or $30,600 in annual gross rental income, with tenants responsible for their own utilities, except water. Recent improvements include a newer roof, fresh exterior paint, new exterior lighting, new gutters, and new interior paint throughout all three units. All units feature new flooring and have appliances, as well as new water heaters. Units 1 and 2 offer generous basement space, providing valuable additional storage, and the basement includes washer and dryer hookups for each unit. Unit 3 is a detached accessory dwelling unit. With recent improvements, existing rental income, tenant-paid utilities, $30,600 in current annual gross rental income, a Gross Rent Multiplier of 7.02 and a Cap Rate of 12.87%(minus vacancy & maintenance since newly renovated and rented), this triplex offers an excellent opportunity to add a cash-flowing property to your investment portfolio.

Location

State IN

County Madison County

Area Madison County

Direction GPS available

Rooms

Dining Room 0

Interior

Flooring Vinyl

Appliance Building, Land

Laundry , 3

Exterior

Amenities Available Basement, Storage

Total Parking Spaces 3

Building

Lot Description Other

Story 1

Structure Type Stucco

New Construction No

Schools

Elementary Schools Anderson

Middle Schools Highland

High Schools Anderson

School District Anderson Community

Others

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202635870

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.

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2231 Lincoln Street