1530 Ohio Avenue, Anderson, IN 46016

• 2 beds |
• 1 bath |
• 940 sqft

Property Description

Welcome to 1530 Ohio Ave in Anderson, IN-a tenant-occupied, turnkey investment property offering cash flow from day #1! This renovated 2-bedroom, 1-bath ranch features 940 sq. ft. plus an unfinished basement and is ideally located minutes from downtown, Anderson University, and under 10 minutes from Harrah's Hoosier Park & Casino. The current tenant is on a one-year lease through February 2027, paying $900/month, with utilities and lawn care paid by the tenant, keeping owner expenses low. Recent updates include fresh paint, new flooring, and upgraded PEX plumbing throughout. Inside, a spacious living room flows into a generously sized eat-in kitchen with pantry and laundry hookups, plus a welcoming three-season room at the front. Offered as-is, this low-maintenance property nearly hits the 2% rule at the asking price, making it a compelling addition to any rental portfolio. Solid location, stable tenancy, and immediate cash flow-this is an investor-ready opportunity you don't want to miss!

Listing Status:

Pending

Data Last Updated:

April 3, 2026 at 5:19AM

Listing Office:

Keller Williams Indpls Metro N : 317-450-9202

Listing Agent:

Peter Stewart : 317-450-9202

MLS ID:

22052071

Interior

• General: Attic Pull Down StairsEat-in Kitchen
• Appliances: Electric Water HeaterMicroHoodElectric Oven
• Basement: Unfinished
• A/C: None
• Heating: Forced AirElectric
• Fireplace: Fireplaces: 0

Exterior

• Style: Ranch
• Other Structures: Glass Enclosed

Construction

• General: OneBlock

Location

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

Lot

• Zoning: KILGORE 9' E SD 0.0000Acres STR: 00000 SECTION: PLAT: 00 IN: OUT: And KILGORE 0.0000Acres STR: 00000 SECTION: PLAT: 25 IN: OUT:481218203119000003

Utilities

• Water: Public

Financial

• Source: mibor