OFF MARKET

Off market sep 2025 for $230K

$203,618

•

4.5 ba

•

2,544

sq ft

607 Chestnut St, Anderson, IN 46012

About this home

Come see this fully occupied triplex, just blocks away from Anderson University campus. There is a history of consistent rental income, and consistent upkeep overtime. The property has close proximity to tons of amenities, major retailers, shops, downtown Anderson, and is just minutes from Mounds State & Shadyside Memorial Parks. The backyard is perfect for relaxing in the evenings or enjoying a bonfire with friends and family. Recent improvements and maintenance include: two new water heaters, installation of additional electrical panel, remodeling of both front & back decks, adding additional laundry room for ADU, new paint & landscaping. Two of the three units have longterm tenants in place through Spring of 2026. The other is month to month. If you're looking for a new investment in a great location - schedule a private tour today!

Multi-familyProperty Type

1941Year Built

7,750 sq ftLot Size

$80Est. Price/Sq.Ft.

Listed by Matthew Wehner • Gardner Property Group

Bought with Karina Oertel • F.C. Tucker Company

Bought with Rob Measel • F.C. Tucker Company

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #22054306

Redfin Estimate

$203,618

$26K since sold in September 2025$19K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 6.7% higher than the average sale price ($191K) of 6 comparable homes.

SOLD SEP 18, 2026
$245,000
A
5 beds2.5 baths2,214 sq ft
1605 E 8th St, Anderson, IN 46012
SOLD AUG 20, 2026
$235,000
B
3 beds2 baths2,252 sq ft
1606 E 7th St, Anderson, IN 46012
SOLD SEP 17, 2026
$179,900
C
3 beds1.5 baths2,522 sq ft
232 Nursery Rd, Anderson, IN 46012
SOLD MAY 4, 2026
$210,000
D
6 beds3 baths3,680 sq ft
1302 E 8th St, Anderson, IN 46012
SOLD SEP 2, 2026
$175,000
E
3 beds2 baths2,736 sq ft
1124 E 10th St, Anderson, IN 46012
SOLD AUG 13, 2026
$100,000
F
4 beds2 baths2,377 sq ft
908 Cottage Ave, Anderson, IN 46012

Claim this home to receive a free report every month with insights on the changing estimate.

Market trends in 46012, IN

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

97.3%

+0.6% MoM

Median sale price

$190K

$15K MoM

Avg. days on market

24d

9 days MoM

Recently sold homes

3 MoM

New listings for sale

$145,000
3 beds2 baths2,918 sq ft
615 Chestnut St, Anderson, IN 46012
FOR SALE BY OWNER
$274,900
2 beds2 baths— sq ft
Jasper Way, Anderson, IN 46012
$239,900
3 beds2 baths2,454 sq ft
371 E 300 N, Anderson, IN 46012
$25,000
3 beds1 bath1,050 sq ft
624 Milton Ave, Anderson, IN 46012
$108,250
3 beds1 bath942 sq ft
1809 Silver St, Anderson, IN 46012
$230,000
3 beds2 baths1,478 sq ft
3433 Charlton Dr, Anderson, IN 46012
$89,900
3 beds2 baths2,611 sq ft
2521 E 5th St, Anderson, IN 46012
$124,900
4 beds1 bath1,718 sq ft
21 Golden Dr, Anderson, IN 46012
$229,000
2 beds2 baths1,580 sq ft
1926 Saint James Pl, Anderson, IN 46012
$45,000
2 beds1 bath1,260 sq ft
1319 Chester St, Anderson, IN 46012
See all

Provided by Redfin

Sale history for 607 Chestnut St

Year

Property tax

Land + Additions

Assessment*

2025

$2,364 (−4.0%)

$8,600 + $102,200

$110,800

2024

$2,462 (+9.0%)

$8,600 + $102,200

$110,800

2023

$2,259 (+0.5%)

$8,600 + $102,200

$110,800

2022

$2,248 (+8.7%)

$8,300 + $92,700

$101,000

2021

$2,069 (+3.0%)

$7,800 + $92,700

$100,500

2020

$2,009 (+2.5%)

$7,700 + $84,100

$91,800

2019

$1,959 (+3.9%)

$7,400 + $81,400

$88,800

2018

$1,886 (+16.5%)

$7,400 + $79,100

$86,500

2017

$1,619 (−1.3%)

$7,000 + $73,800

$80,800

2016

$1,641 (−5.1%)

$7,000 + $73,800

$80,800

2015

$1,730 (+0.9%)

$7,200 + $74,700

$81,900

2014

$1,714

$7,500 + $79,000

$86,500

2013

$1,714

$7,500 + $78,200

$85,700

Tax history for 607 Chestnut St

Year

Property tax

Land + Additions

Assessment*

2025

$2,364 (−4.0%)

$8,600 + $102,200

$110,800

2024

$2,462 (+9.0%)

$8,600 + $102,200

$110,800

2023

$2,259 (+0.5%)

$8,600 + $102,200

$110,800

2022

$2,248 (+8.7%)

$8,300 + $92,700

$101,000

2021

$2,069 (+3.0%)

$7,800 + $92,700

$100,500

2020

$2,009 (+2.5%)

$7,700 + $84,100

$91,800

2019

$1,959 (+3.9%)

$7,400 + $81,400

$88,800

2018

$1,886 (+16.5%)

$7,400 + $79,100

$86,500

2017

$1,619 (−1.3%)

$7,000 + $73,800

$80,800

2016

$1,641 (−5.1%)

$7,000 + $73,800

$80,800

2015

$1,730 (+0.9%)

$7,200 + $74,700

$81,900

2014

$1,714

$7,500 + $79,000

$86,500

2013

$1,714

$7,500 + $78,200

$85,700

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

62 ft.

Lot depth

125 ft.

Lot size

7,749 Sq. Ft.

Year renovated

1941

Sq. Ft.

1,816

Year built

1941

Style

Multi-Family (2-4 Unit)

County

Madison County

APN

481207301027000003

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 28, 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

Property details

Parking

Parking Information
Unit Parking: On Street,Paved Area
Parking Features: Asphalt

Interior

Laundry Room Information
Laundry Features: Laundry Room, In Basement

Basement Information
Has Basement
Basement Features: Apartment, Partially Finished

Heating & Cooling
Heating Information: Forced Air
Cooling Information: Central Air, Window Unit(s)

Multi-Family Financial Information
Owner Pays: All Utilities
Gross Income: 2850
Expenses: 525

Multi-Unit Information
Multi Beds: 5
Multi Baths: 5
# of Units: 3
Multi Rooms: 12

Unit Type 1 Information
Kitchen: 88
Levels: 2
Miscellaneous: Dryer, Refrigerator, Washer
Rent: 1500
Rent Frequency: Monthly
Unit Type: 3 Bedroom

Unit Type 2 Information
Kitchen: 88
Levels: 1
Rent: 700
Rent Frequency: Monthly
Unit Type: 1 Bedroom

Unit Type 3 Information
Kitchen: 88
Levels: 1
Rent Frequency: Monthly
Rent: 650
Unit Type: 1 Bedroom

Exterior

Exterior Features
Exterior Features: Balcony, Gas Grill, Fire Pit
Fence YN: No
Roof: Asphalt

Property Features
Conversion: No

Property Information
Property Type: Residential Income
Has View
Has Additional Parcels
Property Sub Type: Triplex

Land Information
Current Use: Residential
Acres: <1/4 Acre

Lot Information
Lot Size Acres: 0.18
Road Surface Type: Asphalt
Road Frontage Type: City Street
Road Access: Frontage Road

Utilities

Utility Information
Solid Waste Information: Yes

Location

School Information
Middle Or Junior High School: Highland Middle School
Intermediate School: Anderson Intermediate School
High School District: Anderson Community School Corp

Location Information
Directions: GPS Friendly
Tax Legal Description: Walnut Park 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:

Public facts

Beds: 2
Baths: 2.0
Sq. Ft.: 1,816
Stories: 1.0
Lot Size: 7,749 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1941
Year Renovated: 1941
County: Madison County
APN: 481207301027000003

Home facts updated by county records on Sep 28, 2026

Other

Green Information
Direction Faces: East

Home Information
Foundation Details: Block
Structure Type: Triplex
Levels: Two and a Half

Around this home

Schools

Tenth Street Elementary School

Public K-5 • Assigned • 1.5mi

3/10

Highland Junior High School

Public 7-8 • Assigned • 2.6mi

5/10

Anderson High School

Public 9-12 • Assigned • 3.3mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

10 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$194,000 – $235,000

Sell confidently with a local market expert in Anderson. 3 minutes to get started.

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New listings for sale in 46012

$145,000

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615 Chestnut St, Anderson, IN 46012

New vinyl flooring • 7,750 sq ft lot • Garage

FOR SALE BY OWNER

$274,900

2 beds2 baths— sq ft

Jasper Way, Anderson, IN 46012

Modern exterior • Beautiful views • Listed 4 days

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371 E 300 N, Anderson, IN 46012

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Home values near 607 Chestnut St

Data from public records.

Address	Redfin Estimate
700 Chestnut Street, Anderson, IN 3 Beds \| 1 Baths \| 1469 Sq. Ft.	$156,198
625 Chestnut Street, Anderson, IN 3 Beds \| 1.5 Baths \| 1792 Sq. Ft.	$136,753

Address	Redfin Estimate
610 Chestnut Street, Anderson, IN - Beds \| 2 Baths \| 2144 Sq. Ft.	$195,230
615 Chestnut Street, Anderson, IN 3 Beds \| 2 Baths \| 2918 Sq. Ft.	—

Address	Redfin Estimate
601 Chestnut Street, Anderson, IN - Beds \| - Baths \| - Sq. Ft.	—
611 Chestnut Street, Anderson, IN 3 Beds \| 1 Baths \| 1204 Sq. Ft.	—

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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