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1432 Ohio Ave, Anderson, IN, 46016

4beds
4baths
--sqft
$229,555
--price/sqft
$2,049/moest. monthly cost
$81,960/yrincome needed

About This Home

1432 Ohio Ave, presenting a prime investment in the city of Anderson! This large 4-unit building has recently experienced an extensive six figure renovation & is now up for sale with income generating $2,800 monthly. This property is in the heart of Anderson making this a top tier location for tenant living & investment potential! Add this high-quality investment to your portfolio!

Getting Around

58
WalkingSomewhat Walkable
0
TransitVery Limited Transit
62
BikeBikeable

Schools

5/10
5/10
Highland Jr High SchoolGrades 7-83.3 mi
3/10
Anderson High SchoolGrades 9-122.6 mi

Construction

Condition

  • Year built: 1885

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Quadruplex

Interior

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Main level bathrooms: 4

Property

Details

  • Parcel number: 481218203129000003
  • Special condition: As Is

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 6,534 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Inland Flooding
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,160$13,920
Home Insurance *$321$3,852
Property Taxes $384$4,608
Electricity $184$2,212
Total$2,049$24,588
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$70,251/yr
40% on housing$61,470/yr
45% on housing$54,640/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.5%
2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 46016$46
Madison County$95

vs Homes Sold Last Month

Median $/sqft

ZIP 46016$55
Madison County$120

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-27Price change$229,555
2026-06-29Price change$239,900
2026-04-30Price change$244,900
2026-03-01Listed for sale$249,900
2025-12-27Listing removed$254,900
2025-09-25Price change$254,900
2025-09-11Listed for sale$269,000
2020-04-27Listing removed$5,000
2020-03-16Listed for sale$5,000

For Sale by Agent

AgentStuart Houghton
BrokerageKeller Williams Indy Metro Partners

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