Anderson, IN 46012,1002 E 7th ST
Anderson, IN 46012,1002 E 7th ST
Anderson, IN 46012,1002 E 7th ST
10
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Listed by Joshua Hoeft • Kaiser Real Estate Corp.
$1,790,000
Est. payment /mo
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17,274 SqFt
Active

1002 E 7th ST Anderson, IN 46012

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Chris Schulhof

Chris Schulhof

+1(317) 506-7368

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 17,274 sqft

Price per Sqft $103

MLS Listing ID 22056949

Year Built 1988

Tax Year 2024

Property Sub-Type Multi-Family 5+

Property Description

Located just steps from the vibrant campus of Anderson University, this rare portfolio of 10 well-maintained condominiums presents a premier investment opportunity in the heart of Anderson, Indiana. Each unit is currently fully occupied, with strong tenant demand and a waitlist of prospective renters - underscoring the property's desirability and consistent income potential. Boasting a Net Operating Income of $127,000 annually, this asset offers investors immediate cash flow with long-term upside in a growing rental market. The property has been professionally maintained, requiring minimal ongoing capital investment, and benefits from a location that ensures continued tenant interest from students, faculty, and local professionals. Whether you're expanding your portfolio or entering the multifamily market, this stable, income-producing asset delivers both performance and peace of mind.

Location

State IN

County Madison

Zoning R-4 & B-1

Interior

Cooling Central Air

Fireplace N

Exterior

Garage Spaces 2.0

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Story 1

Foundation Crawl Space

New Construction false

Schools

Middle Schools Highland Middle School

School District Anderson Community School Corp

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 8
  • 6

    Eastside Elementary School

    Public | KG - 5

  • 4

    Anderson Preparatory Academy

    Public | KG - 12

  • 3

    Tenth Street Elementary School

    Public | KG - 5

  • 0

    Cross Street Christian School

    Private | PK - 8

  • 0

    St Ambrose School

    Private | PK - 6

  • 0

    St Mary School

    Private | PK - 8

  • 0

    Indiana Christian Academy

    Private | PK - 12

  • 0

    Liberty Christian School

    Private | PK - 12

Middle Schools 1
  • 1

    Highland Middle School

    Public | 6 - 8

High Schools 2
  • 5

    Anderson High School

    Public | 9 - 12

  • 0

    The Excel Center - Anderson

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Chris Schulhof

Chris Schulhof

Broker | License ID: RB14031306

+1(317) 506-7368

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1002 E 7th ST