$130,000

1520 Noble Street, Anderson, IN 46016

3 beds |
2 baths |
1,583 sqft

Single-Family Home
Built in 1891
6,534sqft lot
1 car garage
$82/sqft
Listed 20 days ago

Property Description

Investor opportunity! This tenant-occupied 3-bedroom, 2-bath home is currently rented for $1,417/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:: April 2, 2026 at 3:18PM
Listing Office:: Inspired Realty : 317-732-7002
Listing Agent:: Alyssa Burton : 317-732-7002
MLS ID:: 22089095

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

Style: Traditional
Parking: Attached

General: TwoBlock

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

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

Water: Public

Source: mibor

This listing courtesy of Alyssa Burton , Inspired Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Anderson Intermediate School

2300 Lindberg Rd, Anderson, IN, 46012

Grades 5-6

1.85 miles away

Compass Alternative School

2010 Brentwood Dr, Anderson, IN, 46011

Grades 7-10

2.36 miles away

Compass Alternative School

2010 Brentwood Dr, Anderson, IN, 46011

Grades 7-10

2.36 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.