For Sale148d on marketHistoric · 141 yrs
515 W 2nd St
Anderson, IN, 46016 • 46016 • Madison County
$125,000
+$5,000 since Mar 10, 2026
Down payment assistance available
6Beds
4Baths
0.14 acLot
1885Built
Property DNA
Character Home
Built 1885 · 141 years of history
No Subdivision
46016
This home is getting attention
Listed 148 days ago · 573 views · 40 saves
Market activity
Demand and pricing signals for this listing
573 views
People checking out this listing
40 saves
Buyers have saved this home
148 days on market
Established listing
About this home
Multi Family · Built 1885 · Historic
Are you looking for fantastic cashflow? One price, 4+ units! This property offers a good independent unit in the front with 3 apartments in the back, plus storage area (could be converted into an extra unit). Front unit is a 3 bed 2 bath with unfinished basement. Back building offers 3 apartments (1 bed 1 bath each) plus a storage unit. Off-street parking. All 3 units in the back have been recently renovated and are ready to rent.
Estimated monthly payment
Based on current rates
$820/month
Principal & Interest$654
Property Tax$125
Insurance$42
Down payment20% ($25,000)
3%50%
Est. 6.83% rate · 30yr fixed · $100,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family, Quadruplex
Year Built1885
ParkingStorage
Days on Zillow148 Days
Property
Home typeMulti Family
Sub-typeMulti Family, Quadruplex
Year built1885
Systems
ConstructionVinyl Siding
Parking & Outdoor
ParkingStorage
Lot6,098 sqft
Location & Tax
Neighborhood46016
Annual tax$1,658
Parcel481112204034000003
Features & details
5 categories of property features
Interior Features
Laundry
Connections Some
Exterior Features
Parking
Storage
Construction
Vinyl Siding
Lot Features
Access
Security
Smoke Detector(s)
Listing insights
Market data and value estimates
StatusFor Sale
Days on market148
Tax rate0.76%
On marketNov 12, 2025
PostedNov 12, 2025
Last sold$40,000
MLS statusActive
MLS updatedMar 13, 2026
Tour days9
Views573
Favorites40
How are the schools in Anderson?
3 schools rated nearby
Location
Anderson, IN, 46016
Price history
14 events
DateEventPrice$/sqftSource
Mar 10, 2026Price Change$125,000—MIBOR as distributed by MLS GRID
Nov 27, 2025Price Change$120,000—MIBOR as distributed by MLS GRID
Nov 12, 2025Listed For Sale$125,000—MIBOR as distributed by MLS GRID
Mar 5, 2020Listing Removed$650—Morgan Properties
Feb 28, 2020Listed For Rent$650—Morgan Properties
Oct 24, 2019Listing Removed$65,000—Owner
Aug 16, 2019Listed For Sale$65,000—Owner
Apr 25, 2019Sold$40,000—MIBOR as distributed by MLS GRID
Apr 15, 2019Pending Sale$44,900—Gold Key Properties
Nov 6, 2018Listed For Sale$44,900—Gold Key Properties
Oct 9, 2018Pending Sale$44,900—Gold Key Properties
Oct 26, 2015Price Change$44,900—Gold Key Properties
May 5, 2015Listed For Sale$54,900—Gold Key Properties
May 31, 2000Sold$5,000—MIBOR as distributed by MLS GRID
Price Change$125,000
Mar 10, 2026•MIBOR as distributed by MLS GRID
Price Change$120,000
Nov 27, 2025•MIBOR as distributed by MLS GRID
Listed For Sale$125,000
Nov 12, 2025•MIBOR as distributed by MLS GRID
Listing Removed$650
Mar 5, 2020•Morgan Properties
Listed For Rent$650
Feb 28, 2020•Morgan Properties
Listing Removed$65,000
Oct 24, 2019•Owner
Listed For Sale$65,000
Aug 16, 2019•Owner
Sold$40,000
Apr 25, 2019•MIBOR as distributed by MLS GRID
Pending Sale$44,900
Apr 15, 2019•Gold Key Properties
Listed For Sale$44,900
Nov 6, 2018•Gold Key Properties
Pending Sale$44,900
Oct 9, 2018•Gold Key Properties
Price Change$44,900
Oct 26, 2015•Gold Key Properties
Listed For Sale$54,900
May 5, 2015•Gold Key Properties
Sold$5,000
May 31, 2000•MIBOR as distributed by MLS GRID
Tax history
15 years of records
YearTax paidAssessed value
Apr 9, 2025$1,658$83,000
Apr 9, 2024$1,528$74,600
Apr 9, 2023$1,532$68,300
Apr 9, 2022$1,411$68,500
Apr 9, 2021$1,356$62,700
Apr 9, 2020$1,323$60,000
Apr 9, 2019$1,242$58,500
Apr 9, 2018$1,068$53,800
Apr 9, 2017$1,068$53,400
Apr 9, 2016$1,094$53,400
Apr 9, 2014$1,086$54,300
Apr 9, 2013$1,086$54,300
Apr 9, 2012$1,068$53,400
Apr 9, 2010$1,252$62,600
Apr 9, 2009$1,899$63,300
Nearby homes
Neighborhood details
Local context around this listing
Anderson, IN • Madison County
Nearby cities
AlexandriaAndersonChesterfieldElwoodFortvilleFranktonLapelMarkleville
Nearby zip codes
46011460124601346014460154601646018
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Based on information submitted to the MLS GRID as of 2026-04-09 11:27:56 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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