$949 Closing Credit¹
#22021284, Peter Stewart, Listing office: Keller Williams Indpls Metro N
$89,000 List price
1609 Brown St Anderson, IN 46016
$1,057
Closing credit¹
0.2 acres
Multi-Family
Property details
About 1609 Brown St
Investor alert! Don't miss this value-add, cash-flowing duplex located at 1609 Brown St in the heart of Anderson. This up/down duplex offers strong rental potential with multiple investment strategies in play-perfect for house hackers, buy-and-hold investors, or BRRRR enthusiasts. The lower unit is a spacious 2 bed, 1 bath currently rented for $1,133/month with utilities included (HUD tenant, lease through December). It features a fenced backyard and firepit-great amenities for tenant retention. The upper unit is a 3 bed, 1 bath that's currently vacant and ready for your finishing touches. The seller is in the process of making cosmetic updates (flooring and paint), offering the next owner a chance to force appreciation and boost cash flow. Once leased, this property could exceed the 2% rule, delivering exceptional returns. Electric is separately metered and water/sewer are on a single meter. Situated just blocks from downtown Anderson, this property offers easy access to shopping, dining, public transportation, and major employers-enhancing its long-term rentability. Whether you're looking to live in one unit and rent the other, or add a high-yield asset to your portfolio, this duplex delivers flexibility and upside. Seize the opportunity to secure a property with built-in income and untapped potential! Sold as-is.
Highlights
Home typeDuplex
HeatingBaseboard
StatusActive
BasementYes
Lot size0.17 Acres
Year built1898
MLS #22044567
Summary
- Basement: Yes
- Heating: Baseboard
- Cooling: None
- List Price: $89,000
- Directions: GPS Friendly
- Year Built: 1898
- Lot Size: 0.17 Acres
- MLS Number: 22044567
- MLS Name: MIBOR
- Office Name: Keller Williams Indpls Metro N
- Office Email: peter@peterstewartrealty.com
- Listing Agent: Peter Stewart
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Last updated on: 6/18/2025, 11:46:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$89,000
1609 Brown St
$1,057
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 12, 2021 | Home Sold | $31,500 |
| Feb 12, 2021 | Home Sold | $31,500 |
Tax history
We're sorry, we currently don't have tax history data for this listing.
History based on county public records data.
Nearby schools
2
Anderson Elementary School
Public District KG-4
1.7 mi
•2035 Raible Ave
3
Eastside Elementary School
Public District KG-4
2.3 mi
•844 N Scatterfield Rd
4
Tenth Street Elementary School
Public District KG-4
2.5 mi
•3124 E 10th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $36,091. Residents of Anderson, IN typically earn less than $<35k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
49%
<35k
49%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
54%
Single, No Kids
26%
Single, with Kids
11%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
11%
12-17 yrs old
22%
18-34 yrs old
38%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
UFC
NHRA Drag Racing- Pro Boxing
Where do the neighbors shop?
Family Dollar
Big Lots
Burlington
Where do the neighbors go to eat?
Burger King
Golden Corral
White Castle
What do the neighbors drive?
Buick
Kia
Chevrolet
What do the neighbors listen to?
Urban Contemporary
Adult Standards
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Anderson, IN
Transportation in Anderson includes a network of roads and highways that connect residents to nearby cities and amenities. Public transit options are available, offering services that facilitate movement around the city. The area's walkability varies, with certain neighborhoods being more pedestrian-friendly than others. Efforts to enhance transportation efficiency and accessibility are ongoing, with improvements to roadways and public transit systems planned or underway.
The community is served by a number of public schools, offering educational opportunities from elementary through high school levels. Healthcare services are available through local clinics and a regional hospital, providing residents with access to essential medical care. The city also features a public library system and a variety of retail and dining options that reflect the local culture.
Anderson prides itself on a strong sense of community and a rich historical heritage. The city is celebrated for its annual events, which include cultural festivals and community gatherings that highlight the local traditions and foster a sense of togetherness among residents.
Anderson's housing market offers a diverse array of options, with single-family homes being a significant presence. Architectural styles in the area range from historic homes with Victorian influences to more contemporary ranch-style dwellings. The market is balanced with a mix of older homes that reflect the city's rich history and newer constructions that cater to modern living preferences.
About 1609 Brown St
The listing price of 1609 Brown St property is $89,000.
The property 1609 Brown St is a multi located in Anderson, Indiana, 46016.
Active Listing: 1609 Brown St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1609 Brown St are: Anderson Elementary School (GreatSchools Rating 2/10), Eastside Elementary School (GreatSchools Rating 3/10), Tenth Street Elementary School (GreatSchools Rating 4/10), Anderson Intermediate School (GreatSchools Rating 3/10), Highland Middle School (GreatSchools Rating 5/10), Pendleton Heights Middle School (GreatSchools Rating 5/10), Excel Center - Anderson (GreatSchools Rating 1/10), Anderson Preparatory Academy (GreatSchools Rating 3/10), Compass Alternative School (GreatSchools Rating 2/10).
The last sale was on February 12, 2021 for $31,500 (source: MLS/tax record).
The year of construction for 1609 Brown St is 1898.
This home is located at 1609 Brown St in Anderson, IN and zip code 46016. Features: 0 bathroom. It has been listed on Rocket Homes since June 12, 2025 and is currently priced at $89,000.
Over 19 listings were sold over their listed price in May 2025 in Anderson, IN. In the same period over 40 listings were sold below the listed price and 19 listings were sold for the listed price. The number of listings in Anderson, IN increased by 15.9% between April and May 2025. While the average time on the market in May 2025 was 31 days, the median list price was $166,557.
From Rocket Homes Real Estate and based on county public records data.