817 W 5th St, Anderson, IN, 46016
About This Home
Space, style, and investment potential come together in this beautifully updated 5-bedroom, 2-bath home offering nearly 2,900 square feet of living space. With extensive improvements already completed and a tenant in place, this property offers an attractive opportunity for investors seeking a spacious, stabilized rental. The main level features both a generous living room and separate family room, providing flexible spaces for entertaining, relaxing, or working from home. Two spacious bedrooms and a remodeled full bathroom are conveniently located on the main level. The updated kitchen serves as the heart of the home, with modern finishes and an open layout that flows into a welcoming dining area ideal for everyday meals and gatherings. Upstairs, you'll find three additional bedrooms and a second remodeled full bathroom, providing plenty of room and a versatile floor plan. Major improvements include the roof, siding, windows, HVAC system, and flooring, giving the next owner peace of mind while minimizing the need for immediate capital improvements. Outside, a wood deck provides additional living space for grilling, entertaining, or enjoying the backyard. Currently tenant-occupied and generating $2,100 per month in rental income, or $25,200 annually. The current lease runs through March 30, 2027, providing immediate rental income for the next owner. A great opportunity to add a large, updated rental property to your portfolio with high income already in place. Can also be combined with MLS 22120318. Tenant occupied. The seller will allow interior showings after an offer is accepted. Please do not disturb the tenant.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1890
Materials
- Foundation: Cellar,Crawl Space,Partial
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,MicroHood,Electric Oven,Refrigerator
Basement
- Has basement: Yes
- Basement: Unfinished
Bedroom2
- Level: Main
- Area: 196
- Dimensions: 14x14
Bedroom3
- Level: Upper
- Area: 200
- Dimensions: 10x20
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Dining Room
- Level: Main
- Area: 195
- Dimensions: 15x13
Family Room
- Level: Main
- Area: 224
- Dimensions: 14x16
Features
- Attic Stairway,Ceiling Fan(s)
- Window features: Wood Work Painted
- Number of fireplaces: 1
- Fireplace features: Other
- Fireplace: Yes
- Attic: Permanent Stairs
- Finished area below ground: 0
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 3,454
- Total interior livable area: 3,454 sqft
Kitchen
- Level: Main
- Area: 182
- Dimensions: 13x14
Living Room
- Level: Main
- Area: 182
- Dimensions: 13x14
Master Bedroom
- Level: Main
- Area: 224
- Dimensions: 14x16
Property
Details
- Parcel number: 481112302127000003
- Horse amenities: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered,Deck
- Fencing: Fenced,Partial,Privacy
Lot
- Lot size: 6,534 sqft
- Features: Sidewalks,Mature Trees
Parking
- Parking features: Detached
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 | $1,137 | $13,644 |
| Home Insurance * | $314 | $3,768 |
| Property Taxes | $365 | $4,380 |
| Electricity | $316 | $3,799 |
| Total | $2,132 | $25,584 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-09 | Listed for sale | $225,000 |
| 2026-01-12 | Listing removed | $245,000 |
| 2025-12-05 | Price change | $245,000 |
| 2025-11-11 | Listed for sale | $250,000 |
| 2025-04-23 | Sold | $60,000 |
| 2025-03-19 | Pending sale | $54,900 |
| 2025-03-14 | Listed for sale | $54,900 |
| 2001-03-01 | Sold | $21,000 |
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