1403 W 4th St, Anderson, IN, 46016
About This Home
Turnkey, cash-flowing investment opportunity! Welcome to 1403 W 4th St in Anderson, a well-located ranch-style home with a tenant already in place paying $895 per month and responsible for all utilities. This 2-bedroom, 1-bath home offers 919 square feet of functional living space on a spacious .15-acre corner lot with a fully fenced backyard and a detached 1-car garage with additional bump-out storage. Inside, the home features a large front sunroom, a combined living and dining area, and a generously sized rear utility room with laundry hookups. The property is in solid, rent-ready condition while still offering future upside through cosmetic improvements. Conveniently located within walking distance of Riley Park and River Bend Park and approximately five minutes from Anderson University. With immediate rental income, tenant-paid utilities, strong fundamentals, and additional value-add potential, this is an excellent opportunity to add a stabilized, turnkey rental property to your portfolio. Property sold as-is. No seller/creative financing.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Crawl Space
- Construction materials: Aluminum Siding,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Disposal,Gas Water Heater,Gas Oven,Refrigerator
- Laundry features: Connections All,Main Level
Bedroom2
- Level: Main
- Area: 99
- Dimensions: 9X11
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Features
- Attic Access
- Attic: Access Only
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 919
- Total interior livable area: 919 sqft
Kitchen
- Level: Main
- Area: 99
- Dimensions: 9X11
Laundry
- Level: Main
- Area: 140
- Dimensions: 10X14
Living Room
- Level: Main
- Area: 299
- Dimensions: 13X23
Master Bedroom
- Level: Main
- Area: 110
- Dimensions: 10X11
Property
Details
- Parcel number: 481111402088000003
- Special condition: As Is
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio,Glass Enclosed
- Fencing: Fenced,Chain Link,Full
Lot
- Lot size: 6,534 sqft
Parking
- Total spaces: 1
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- Hail
- Inland Flooding
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $353 | $4,236 |
| Home Insurance * | $97 | $1,164 |
| Property Taxes | $114 | $1,368 |
| Electricity | $184 | $2,212 |
| Total | $748 | $8,976 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-31 | Price change | $69,900 |
| 2026-07-14 | Listed for sale | $79,900 |
| 2026-06-12 | Listing removed | $895 |
| 2026-05-21 | Listed for rent | $895 |
| 2026-05-11 | Listing removed | $79,900 |
| 2026-04-13 | Pending sale | $79,900 |
| 2026-02-26 | Listed for sale | $79,900 |
| 2007-06-28 | Sold | $16,201 |
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