USAINAndersonNo Subdivision2231 Lincoln St
Listing image | Image 1

2231 Lincoln St, Anderson, IN

House

For Sale

Listed price in listed location currency (USD).
$225,000

000

MLS® 22118992

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 10
Lot Size 0.16 Acres
Approx. Age 1947
MLS® Number 22118992

Property Address: 2231 Lincoln St, Anderson, IN, 46016-4253

Average square foot calculated using Size range provided by listing agent.

Description

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 7.35 and a Cap Rate of 12.29%(minus vacancy & maintenance since newly renovated and rented), this triplex offers an excellent opportunity to add a cash-flowing property to your investment portfolio.
MLS® Number22118992
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1947
BasementStorage Space
Driveway
Garage Spaces
HeatForced Air, Natural Gas
A/CWindow Unit(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 7, 2026List Date
$225,000List Price
Sep 5, 2025End Date
$60,000Sold Price

Sold

Aug 19, 2025List Date
$75,000List Price
  • Commute

Commute

Starting Address
Destination Address
2231 Lincoln St, Anderson, IN

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