USAINAndersonNo Subdivision1628 W 8Th St

1628 W 8 Th St, Anderson, IN

Name: 1628 W 8 Th St, For Sale in Anderson - Zoocasa
Brand: Inspired Realty
SKU: 22089294
Price: 198000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$198,000

000

MLS® 22089294

Overview

Key Facts

Type Triplex

Levels Residential Income

Size -

Garage Yes

Taxes

Days Active 1

Lot Size 0.14 acres

Approx. Age 1936

MLS® Number 22089294

Property Address: 1628 W 8th St, Anderson, IN, 46016-2635

Average square foot calculated using Size range provided by listing agent.

Description

$7, 500 Grant + Brick Triplex - House Hack or Cash Flow Opportunity like this doesn't come around often. This solid brick triplex listed at $198, 000 previously generated $2, 650/month in rent, delivering approximately a 1.34% rent-to-price ratio. For owner-occupants, the property is eligible for a $7, 500 grant with no income restrictions, potentially covering most or all of your down payment and then some for qualified buyers-making this an exceptional house hacking opportunity. The building includes three units, with two currently vacant, allowing the next owner to move in and select their preferred unit or place new tenants at market rent. Units are currently being turned and will be marketed for rent during market time, creating immediate upside potential. All three units were renovated in 2025, including many new windows, giving the property a fresh feel while minimizing near-term capital expenses. Tenants pay all utilities and handle lawn care, keeping operating costs low for the owner. A two-car garage offers additional rental income potential, further increasing the property's cash flow. Brick construction, recent renovations, flexible occupancy, and grant money available-this is a rare opportunity for both investors and house hackers.

MLS® Number22089294

Laundry Level

Central VacNo

FireplaceNo

Acreage0.14

Exterior

GarageYes

Approx. Age1936

Basement

Driveway

Garage Spaces2

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 15, 2026List Date

$198,000List Price

Map

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