121 W 13th Street, Anderson, IN 46016

Property Description

$3,025/Month Quadplex | Fully Renovated in 2025 | $7,500 Grant Eligible Rare opportunity to own a fully renovated quadplex generating $3,025 in monthly rental income, with tenants paying all utilities, creating a low-expense investment with strong cash flow potential. The property is fully leased with stable tenants, providing immediate income from day one. House Hack Opportunity This property is eligible for a $7,500 owner-occupant grant with no income restrictions, potentially covering most or all of your down payment and closing costs for qualified buyers. Owner-occupants can live in one unit while the remaining units help offset the mortgage, creating a powerful opportunity to build equity while significantly reducing monthly housing costs. Investor Opportunity With $3,025 in monthly rent ($36,300 annually), the property delivers approximately a 1.34% rent-to-price ratio at the $225,000 list price, a metric experienced investors actively seek. Tenants pay all utilities, helping keep operating costs low. The building was fully renovated in 2025, including a new roof and many new windows, along with extensive interior improvements throughout the units. These updates help minimize near-term maintenance while providing attractive living spaces for tenants. Additional Investment Opportunity: The same owner is also selling a duplex just two houses down at 131 W 13th St, creating a rare opportunity for investors to add six units within the same block to their portfolio. Strong rental income, major renovations, stable tenants, and house hack eligibility make this property a standout opportunity for both investors and owner-occupants.