1212 Meridian St, Anderson, IN for sale

Investment Overview

This property features 13 fully leased multifamily units on the upper level, providing immediate, stable rental income. The street-level space is currently undergoing conversion to add three additional units, offering upside potential for future lease-up. Together, these components present a compelling opportunity for continued income growth alongside near-term value-add potential.

Investment Highlights

• Prime location walkable to restaurants, shops, entertainment
• Newly renovated units throughout.
• Historic character and charm, with modern updates.
• Strong population base with 55,000+ residents
• Established manufacturing and healthcare presence.
• On-site parking lot included.
• Steps from Town Center Park.
• Additional street-level units under construction.
• Professional management available, if desired.