$54,900
1808 Nichol Avenue
Investor Alert! Don't miss this great value-add single family home located near downtown Anderson. Once renovated it should rent for above the 1% rule!! The home has 2 bedrooms, 1 bathroom, a formal living room, formal dining room, spacious kitchen, and a laundry room. Just over 1100sq ft of finished living space. There is also an unfinished basement - great for extra storage, a workout area, workshop, etc. Property also has a large concrete pad in the back for dedicated off street parking. It is currently vacant. No HOA! Excellent location within one mile of downtown Anderson, the property benefits from convenient access to local amenities and public transportation, further enhancing rental demand. Whether you're looking to expand your portfolio with a value-add cash-flowing rental or prefer a BRRRR or flip strategy, this property provides a golden chance to invest in a rapidly improving area. Capitalize on this opportunity and grow your real estate portfolio today! Property sold-as is. Cash or hard money only due to condition.
GPS Friendly
Hardwood Floors, Gas Oven, Refrigerator, Covered
Map to 1808 Nichol Avenue, Anderson, IN 46016
MLS #
22072985
Date Listed
2025-11-21
Status
Active
Property Type
Residential
Property SubType
Single Family Residence
Square Feet
2272 sqft
New Construction
No
Style
Ranch
Type
Single Family Residence
Basement
Unfinished
Bedrooms
2
Bathrooms
1
Year Taxes Payable
2024
Year Built
1929
Days on Market
16
Additional
Design
Ranch
Cooling
None
Heating
Forced Air
Main Level Laundry
Yes
External Features
Construction
Single Family Residence
Exterior
Covered
Lot Size
5,863 sq ft
Acreage
0.14 Acres
Sewer
Municipal Sewer Connected
Water
Public
Fence
None
Location
Area
Madison
County
Madison
Subdivision
No Subdivision
Township
Anderson
City
Anderson
State
IN
Zip
46016
Schools
School District
Anderson Community School Corp
Financial
Assoc. Dues
$0.00
| MLS # | 22072985 |
|---|---|
| Date Listed | 2025-11-21 |
| Status | Active |
| Property Type | Residential |
| Property SubType | Single Family Residence |
| Square Feet | 2272 sqft |
| New Construction | No |
| Style | Ranch |
| Type | Single Family Residence |
| Basement | Unfinished |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Year Taxes Payable | 2024 |
| Year Built | 1929 |
| Days on Market | 16 |
| Design | Ranch |
|---|---|
| Cooling | None |
| Heating | Forced Air |
| Main Level Laundry | Yes |
| Construction | Single Family Residence |
|---|---|
| Exterior | Covered |
| Lot Size | 5,863 sq ft |
| Acreage | 0.14 Acres |
| Sewer | Municipal Sewer Connected |
| Water | Public |
| Fence | None |
| Area | Madison |
|---|---|
| County | Madison |
| Subdivision | No Subdivision |
| Township | Anderson |
| City | Anderson |
| State | IN |
| Zip | 46016 |
| School District | Anderson Community School Corp |
|---|
| Assoc. Dues | $0.00 |
|---|
MLS# 22072985
IDX information provided by the MIBOR REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Peter Stewart
Keller Williams Indpls Metro N
peter@peterstewartrealty.com
Listing updated November 23, 2025 at 5:00 pm
Last checked 6 minutes ago
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