817 W 5th Street, Anderson, IN 46016

• 5 beds |
• 2 baths |
• 2,732 sqft

Property Description

Space, style, and investment potential come together in this beautifully updated 5-bedroom, 2-bath home offering nearly 2,900 square feet of living space. With extensive improvements already completed and a tenant in place, this property offers an attractive opportunity for investors seeking a spacious, stabilized rental. The main level features both a generous living room and separate family room, providing flexible spaces for entertaining, relaxing, or working from home. Two spacious bedrooms and a remodeled full bathroom are conveniently located on the main level. The updated kitchen serves as the heart of the home, with modern finishes and an open layout that flows into a welcoming dining area ideal for everyday meals and gatherings. Upstairs, you'll find three additional bedrooms and a second remodeled full bathroom, providing plenty of room and a versatile floor plan. Major improvements include the roof, siding, windows, HVAC system, and flooring, giving the next owner peace of mind while minimizing the need for immediate capital improvements. Outside, a wood deck provides additional living space for grilling, entertaining, or enjoying the backyard. Currently tenant-occupied and generating $2,100 per month in rental income, or $25,200 annually. The current lease runs through March 30, 2027, providing immediate rental income for the next owner. A great opportunity to add a large, updated rental property to your portfolio with high income already in place. Can also be combined with MLS 22120318. Tenant occupied. The seller will allow interior showings after an offer is accepted. Please do not disturb the tenant.

Listing Status:

Active

Data Last Updated:

October 9, 2026 at 7:17AM

Listing Office:

Red Hot, REALTORS LLC : 317-551-9589

Listing Agent:

Jamie Suchotzky : 317-551-9589

MLS ID:

22113219

Interior

• General: Attic StairwayPaddle FanWood Work Painted
• Appliances: DishwasherDisposalMicroHoodElectric OvenRefrigerator
• Basement: Unfinished
• A/C: Central Air
• Heating: Forced AirNatural Gas
• Fireplace: OtherFireplaces: 1

Exterior

• Style: Victorian
• Other Structures: DeckCovered
• Parking: Detached

Construction

• General: TwoCellarCrawl SpacePartial

Location

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

Lot

• Zoning: Fair Grounds Cont 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:481112302127000003
• Fencing: PartialPrivacy

Utilities

• Water: Public

Financial

• Source: mibor