# 1120 E 30th Street, Anderson, IN 46016

> **TL;DR:** commercial, $339,000 ($46/sqft), built 1928, 7,344 sqft.
> Basement. Est. $1,469/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $339,000 |
| Price/sqft | $46 |
| Square Feet | 7,344 |
| Year Built | 1928 |
| Lot Size | 3,920 sqft (0.09 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,469 |
| **Total** | **$1,469** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1928
- 0.09 acre lot

## Description

### Agent Description
Unlock significant cash flow and equity with this value-add 8-unit apartment building at 1120 E 30th St, Anderson, IN. Situated on a large, street-to-street 0.29-acre lot with mature trees on a quiet dead-end street, this all-brick, two-story building features a consistent footprint of eight 1-bedroom, 1-bathroom units, each offering 600 sq ft of functional living space with a living room, formal dining room, galley kitchen, and full bath. Five units are currently occupied, generating $3,750/mo in stable immediate income (rents ranging from $600-$900/mo). The remaining three vacant units require varying levels of renovation, presenting a prime opportunity to update and force appreciation. With market rents commanding up to $900/mo per unit, the potential gross monthly revenue is $7,200, positioning this asset to exceed the highly coveted 2% rule. Substantial operational upside exists: electricity and gas are separately metered, allowing a savvy investor to implement a utility bill-back strategy upon lease renewals to aggressively boost NOI. Additional revenue can be generated by adding coin-operated laundry to the basement. Securely designed with front and rear covered common entrances and interior hallways, the property boasts an excellent rental location just 5 minutes from downtown Anderson, Anderson University, and Harrah's Casino & Racetrack, and 10 minutes from Mounds State Park and major freeways. Capitalize on high rental demand. Sold strictly as-is, no seller financing.

## Location

- **Address:** 1120 E 30th Street, Anderson, IN 46016
- **County:** Madison
- **Coordinates:** 40.086359, -85.664934
- **Google Maps:** https://www.google.com/maps?q=40.086359,-85.664934

## Listing Agent

- **Name:** Peter Stewart
- **Brokerage:** Keller Williams Indpls Metro N
- **Phone:** 3178466300
- **Email:** peter@peterstewartrealty.com

## Primary Photo

![1120 E 30th Street - Primary Photo](http://lh.rdcpix.com/8e7e56e99c0cd3b71bb5852a4d68a090l-f713498947r.jpg)

*24 total photos available on [listing page](https://www.propertysimple.com/listing/1120-e-30th-street-anderson-in-46016-22098936)*

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**MLS#:** 22098936 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1120-e-30th-street-anderson-in-46016-22098936)

---

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