Unlock the potential of this triplex, offering an excellent opportunity for investors and owner occupants alike. With strong upside potential, this property has the potential for a new owner to increase cash flow by updating the units with more modern finishes and capitalize on higher rents, or leave as-is for an easy portfolio addition. Whether you're looking to expand your investment portfolio or get started in real estate, this property offers flexibility and long term potential. Live in one unit while renting the other two to help offset (or potentially cover) a significant portion of your mortgage, making it an ideal house hacking opportunity. With multiple income streams, room to build equity through strategic improvements, and the chance to maximize rental income, this triplex is a savvy investment in today's market. Don't miss the opportunity to add value and make this property work for your financial goals. Electric metered separately. Tenants pay $50 each for water/sewer utility charge. Rents are $675-750 currently. Two 2/1 units, one 1/1 unit.
Multi-familyProperty Type
1886Year Built
8,208 sq ftLot Size
$85Price/Sq.Ft.
2 car garageParking
Listed by Emily Huskey• Keller Williams Indy Metro Partners
West Eighth Street Historic District, located between Broadway Street and Jackson Street, is a historic and residential Anderson neighborhood with brick-lined sidewalks and early-20th-century architecture. The district reads as a porch-and-gable streetscape of Craftsman bungalows and period details that reward slow walks. The neighborhood’s character concentrates around the Broadway Street corridor near West 8th Street, where small storefronts and civic buildings set a steady, everyday pace. Community touchstones include the Paramount Theatre Centre and the Anderson Museum of Art for performances and gallery nights. Athletic fields and open lawns at Shadyside Park add breathing room. Downtown blocks nearby keep coffee, dining, and errands in a compact grid.
Provided by Walk Score and Local Logic
Offer insights
604 Hendricks St · $170,000
$170K and above
75% chance or better to win
Why $170K+ is a strong offer
DAYS ON MARKET
79 days
The average home goes pending in 22 days.
SALE-TO-LIST
87.7%
Most homes are selling 12% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Conversion: property has been converted (previous use likely different)
Bedrooms
Total across units: 5 bedrooms
Bathrooms
Total across units: 3 bathrooms
Kitchen
Unit kitchens approximately 10x10 (two 2-bedroom units) and 10x8 (one 1-bedroom unit)
Laundry & utility
Common laundry
Exterior features
Frontage and access from an access road and frontage road
Asphalt road surface
Home design
Attached triplex (residential income property)
Two levels
Parking
Detached 2-car garage
Construction
Vinyl siding
Foundation: Other
Utilities
Solid waste service: No
Financial info
Property configured as a triplex with 3 units
Unit rents indicated: two 2-bedroom units at $775 and $750 per month, one 1-bedroom unit at $725 per month
Gross income and expenses reported as 0
Electricity and solar
View estimated energy costs and solar savings for this home
LARGE TRI-PLEX ON CORNER LOT. 2 CAR DETACHED GARAGE WITH ALLEY ACCESS. CAN BE PURCHASED AS PART OF PACKAGE OR SEPARATELY. VINYL REPLACEMENT WINDOWS. NEEDS SOME WORK, BUT GREAT INVESTMENT. SOLD AS-IS.
MIBOR as Distributed by MLS Grid #2724255
Oct 15, 2007
Listing Removed
—
Apr 17, 2007
Listed
$65,000
$32/sq ft
MIBOR as Distributed by MLS Grid #2665626
Feb 22, 2007
Listing Removed
—
Oct 11, 2006
Listed
$75,200
$37/sq ft
MIBOR as Distributed by MLS Grid #2531445
May 24, 2005
Listed
$79,900
$40/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,540 (+6.1%)
$9,800 + $55,500
$65,300
2024
$1,451 (+5.0%)
$9,800 + $55,500
$65,300
2023
$1,383 (−0.5%)
$9,800 + $55,500
$65,300
2022
$1,389 (+8.7%)
$9,400 + $50,300
$59,700
2021
$1,279 (+4.3%)
$9,200 + $50,800
$60,000
2020
$1,226 (+60.3%)
$9,100 + $45,900
$55,000
2019
$765 (+4.5%)
$8,700 + $43,800
$52,500
2018
$732 (+15.2%)
$8,700 + $23,400
$32,100
2017
$635 (−0.5%)
$8,700 + $21,200
$29,900
2016
$638 (+6.7%)
$8,700 + $21,200
$29,900
2015
$598 (+1.2%)
$8,700 + $21,300
$30,000
2014
$591 (−0.5%)
$9,900 + $18,100
$28,000
2013
$594
$9,900 + $17,800
$27,700
Public record
Public record
Zoning
Beds
5
Baths
3
Stories
2
Lot width
57 ft.
Lot depth
144 ft.
Lot size
8,207 Sq. Ft.
Year renovated
1950
Finished Sq. Ft.
2,006
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,006
Year built
1886
Style
Multi-Family (2-4 Unit)
County
Madison County
APN
481112302008000003
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 10, 2026.
R-4
Residential District
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
Minor risk of severe winds over 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 • 46016
Average low and high temperatures (°F)
31
16
40
24
59
38
67
46
71
52
82
64
86
68
80
62
81
57
69
46
53
38
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 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.
9.4 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 604 Hendricks St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $108,000 and $172,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $108K to $172K.