Occupied duplex near Anderson University with established rental history and income already in place. The 520 Ruddle unit offers 2 bedrooms, 1 full bath, living room, kitchen, dedicated laundry and additional finished loft space. The 520 1/2 Ruddle unit includes 1 bedroom, 1 full bath, living room and kitchen. Current base rents total $1,450 per month, with an additional $349 per month collected for gas/propane, bringing current scheduled monthly collections to $1,799, or $21,588 annually. One tenant currently receives HUD rental assistance, and both units are occupied with tenants who have expressed an interest in remaining. Professional property management is currently in place. With existing tenancy, documented rental history and a location near Anderson University, this is an opportunity to acquire an income-producing Anderson duplex without starting from vacancy. Property management statements and recent unit inspection reports are available for buyer review.
North Anderson, located between Interstate 69 and the White River, is a residential and commercial Anderson neighborhood with tree-lined streets and big-box retail corridors. The neighborhood’s character concentrates around Scatterfield Road and East 53rd Street, where auto shops, diners, and everyday retail create a steady, on-the-go rhythm. Housing leans toward mid-century ranches and later subdivisions, with wide lots and attached garages. Meadowbrook Park and nearby greenways add open space for walks and casual recreation. Mounds State Park brings a distinctive landscape of earthworks and wooded trails close to daily routines. Harrah’s Hoosier Park Racing & Casino and the Anderson Center for the Arts anchor nights out beyond the shopping strips.
Provided by Walk Score and Local Logic
Offer insights
520 Ruddle Ave · $149,900
$150K and above
75% chance or better to win
Why $150K+ is a strong offer
DAYS ON MARKET
39 days
The average home goes pending in 67 days.
SALE-TO-LIST
91.2%
Most homes are selling 9% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Forced air heating
Natural gas heating
Window air conditioning units
Bedrooms
Two-bedroom unit (2 levels)
One-bedroom unit (single level)
Kitchen
Range/oven
Refrigerator
Laundry & utility
Main level laundry connections; some hookups provided
Heating & cooling
Forced air heating (natural gas)
Window unit air conditioning
Exterior features
Shingle roof
Asphalt road access
City street frontage
Lot shows access features
Home design
Duplex (residential income property)
Two-story structure
Parking
Detached 1-car garage
Construction
Vinyl siding
Block foundation
Utilities
Water service available
Sewer service available
Fuel gas available
Financial info
Two-unit property
Unit rents: $925/month (2-bedroom), $525/month (1-bedroom)
Gross income reported: $21,588
Owner pays hazard insurance, lawn care, and taxes
Expenses reported: $0
Electricity and solar
View estimated energy costs and solar savings for this home
The R4 District will permit residential use without limitation as to the number of families to be housed in a building so long as the prescribed lot area per family can be provided. Many multi-family dwellings and two-family dwellings occur in the R4 District, as well as many large older homes which would be suitable for conversion to multi-family use.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 100° expected this year, 18 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Anderson, IN • 46012
Average low and high temperatures (°F)
30
16
40
24
58
38
67
46
70
52
82
64
85
68
80
61
80
55
69
46
52
38
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
86/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Anderson. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 520 Ruddle Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $79,900 and $185,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $80K to $185K.