# 1120 E 30th Street, Anderson, IN 46016

> **TL;DR:** 6bd/6ba commercial, $339,000, built 1928. Est. $1,813/mo. Listed 134 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $339,000 |
| Bedrooms | 6 |
| Bathrooms | 6 full |
| Year Built | 1928 |
| Lot Size | 3,920 sqft (0.09 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 134 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,714 |
| Estimated Insurance | $99 |
| **Total** | **$1,813** |

## Property Highlights

- Built in 1928
- 0.09 acre lot
- 2 stories

## 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

## Virtual Tour & Media

- **Video Tour:** https://indy-realty-pics.aryeo.com/sites/emonjmjo/unbranded

## Listing Agent

- **Name:** Peter Stewart
- **Brokerage:** Keller Williams Indianapolis Metro North
- **Phone:** (317) 846-6300
- **Broker Phone:** (317) 846-6300

## Photos

![1120 E 30th Street - Photo 1](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f713498947r.jpg)

![1120 E 30th Street - Photo 2](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f2935267383r.jpg)

![1120 E 30th Street - Photo 3](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f299820888r.jpg)

![1120 E 30th Street - Photo 4](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f3953461535r.jpg)

![1120 E 30th Street - Photo 5](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f2685022923r.jpg)

![1120 E 30th Street - Photo 6](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f1798792282r.jpg)

![1120 E 30th Street - Photo 7](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f1484293419r.jpg)

![1120 E 30th Street - Photo 8](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f1088217225r.jpg)

![1120 E 30th Street - Photo 9](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f1037206115r.jpg)

![1120 E 30th Street - Photo 10](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f320796408r.jpg)

![1120 E 30th Street - Photo 11](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f106779110r.jpg)

![1120 E 30th Street - Photo 12](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f3002413672r.jpg)

![1120 E 30th Street - Photo 13](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f2449803110r.jpg)

![1120 E 30th Street - Photo 14](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f3100638802r.jpg)

![1120 E 30th Street - Photo 15](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f2554681224r.jpg)

![1120 E 30th Street - Photo 16](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f1537136248r.jpg)

![1120 E 30th Street - Photo 17](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f726932733r.jpg)

![1120 E 30th Street - Photo 18](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f2534417578r.jpg)

![1120 E 30th Street - Photo 19](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f4142974123r.jpg)

![1120 E 30th Street - Photo 20](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f2485918555r.jpg)

![1120 E 30th Street - Photo 21](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f202822157r.jpg)

![1120 E 30th Street - Photo 22](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f3152562013r.jpg)

![1120 E 30th Street - Photo 23](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f1712144323r.jpg)

![1120 E 30th Street - Photo 24](http://lh.rdcpix.com/3461894fdfd9f12e58d4d1735b06d49cl-f3185298880r.jpg)

---

**MLS#:** 22098936 | **Updated:** 2026-10-08
**Source:** listhub

*Copyright © 2026 Broker Listing Cooperative®. 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.ai/listing/1120-e-30th-street-anderson-in-46016-22098936)

---

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