This duplex-style, two-unit home offers 2,080 square feet of living space on a 4,400 square foot lot. Built in 1941, the property has been well maintained but presents a value-add opportunity through modernization and potential rent increases. With strategic updates, investors can enhance rental income while capitalizing on the property's prime location near Anderson University. The strong demand for multi-family rentals in this area makes this an attractive investment for long-term growth.
Sold
$165,000
601 Walnut St, Anderson, IN 46012
3beds
2baths
--sqft
Multi Family, Duplex
Built in 1941
-- sqft lot
$174,000 Zestimate®
$--/sqft
$977 Estimated rent
Home value
$174,000
$146,000 - $209,000
$977/mo
Zestimate® history
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$977/mo
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$1,036/mo
Est. payment
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 10:44am
Listing Provided by:
Angela Battisti 937-313-3234,
Berkshire Hathaway Home
Bought with:
Monica Neff
Neff Realty Center
Source: MIBOR as distributed by MLS GRID,MLS#: 22024326
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Natural Gas
Appliances
- Laundry: Common Laundry
Features
- Basement: Apartment
Property
Parking
- Total spaces: 1
- Parking features: Carport
- Carport spaces: 1
- Details: Unit Parking(Covered)
Features
- Levels: One
- Stories: 1
Lot
- Size: 4,356 sqft
Details
- Parcel number: 481207301029000003
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1941
Community & neighborhood
Location
- Region: Anderson
- Subdivision: Walnut Park
Price history
| Date | Event | Price |
|---|---|---|
| 2/18/2026 | Listing removed | $1,000 |
Source: Zillow Rentals Report a problem | ||
| 2/4/2026 | Price change | $1,000-13% |
Source: Zillow Rentals Report a problem | ||
| 1/20/2026 | Price change | $1,150-8% |
Source: Zillow Rentals Report a problem | ||
| 1/1/2026 | Listed for rent | $1,250 |
Source: Zillow Rentals Report a problem | ||
| 12/17/2025 | Listing removed | $1,250 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,918 -0.6% | $90,900 +8.1% |
| 2024 | $1,930 0% | $84,100 |
| 2023 | $1,930 +7.1% | $84,100 |
Find assessor info on the county website
Neighborhood: 46012
Nearby schools
GreatSchools rating
- 5/10Tenth Street Elementary SchoolGrades: K-4Distance: 1.6 mi
- 5/10Highland Jr High SchoolGrades: 7-8Distance: 2.7 mi
- 3/10Anderson High SchoolGrades: 9-12Distance: 3.3 mi
Schools provided by the listing agent
- Middle: Highland Middle School
- High: Anderson High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$174,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$174,000
- Indiana
- Madison County
- Anderson
- 46012
- 601 Walnut St