1520 Noble Street, Anderson, IN 46016

• 3 beds |
• 2 baths |
• 1,583 sqft

Property Description

Investor opportunity! This tenant-occupied 3-bedroom, 2-bath home is currently rented for $1,467/month, with the tenant responsible for all utilities and lawn care, creating a low-maintenance investment from day one. The property has a long-term tenant in place with an established history of timely payments. Several key updates have already been completed, including a new roof (2021), new flooring and appliances (2021), and a new furnace (2023), helping minimize near-term capital expenses. The home offers a functional layout with in-unit laundry provided for the tenant and includes a mudroom that could potentially be converted into a 4th bedroom, creating additional value-add potential for investors. Exterior features include an attached garage, spacious backyard, and welcoming front porch. The entire street on Noble St was recently repaved by the city, providing a smooth and attractive drive-up to the property. At the $130,000 list price, the property meets the sought-after 1% rule, making it a strong addition to an investor's portfolio. Existing mortgage with approximately a 3.5% interest rate may be assumable for qualified buyers, offering a potential financing advantage in today's rate environment. Stable income, recent updates, and future upside potential. Please do not disturb tenant.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 5:19PM

Listing Office:

Inspired Realty : 317-732-7002

Listing Agent:

Alyssa Burton : 317-732-7002

MLS ID:

22089095

Interior

• General: Ceiling Vaulted
• Appliances: OtherGas Water HeaterMicrowaveWasherRefrigeratorDryer
• Laundry: SinkLaundry Room
• Basement: Ceiling - 9+ feet
• A/C: Central Air
• Heating: Forced AirNatural Gas
• Fireplace: Fireplaces: 0

Exterior

• Style: Traditional
• Parking: Attached

Construction

• General: TwoBlock

Location

• Originating MLS: mibor
• School District: Anderson Community School Corp
• County: Madison

Lot

• Zoning: Orr & Mc Clures Avenue 0.0000Acres Str: 00000 Section: Plat: 40 In: Out:481218203136000003

Utilities

• Water: Public

Financial

• Source: mibor