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Back 1222 Nichol Avenue
Off Market

1222 Nichol Avenue

Anderson IN 46016

18662 sq. ft.
Duplex
Last sold for $350,000
Justin LoweJustin Lowe, last sold this property on 29 September 2025 after 140 days on market.

Overview

This is a fantastic chance to own a well-located, 4-unit multi-family property in Anderson, Indiana. Perfect for investors looking for immediate income and long-term potential. This property features 4 separate units, offering diverse unit mixes including a 4 bedroom and 3 bathroom apartment. All units have been upgraded with new flooring and fixtures throughout both buildings. Gross monthly rent potential of over $3000 and a cap rate of 9%. Property sits within walking distance to Anderson University. Anderson is an emerging market with a growing rental. Additional information can be obtained by reaching out to the broker.

Features

18662 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in Anderson over the last 12 months, the estimated median property value of 1222 Nichol Avenue is $115k.

Median value
$115k
Estimated value range
$33k - $395k
Median days on market
18
Estimated value trend
-12%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Anderson. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1222 Nichol Avenue

2025
Sold
$350,000
29 Sep 2025 by Justin Lowe, of Ellsbury Commerical Group

Happy sellers in Anderson

~%

We have insufficient information to provide an overview of customer satisfaction for Anderson. Viewing the agent profiles, reviews and sales for Anderson can provide insights for this location.

Local market activity for duplexes in Anderson

In the last 12 months, 20 duplexes similar to 1222 Nichol Avenue, have been sold.

This represents a 90% decrease in duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Anderson

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Zach Purdy

Sellers who recommend Zach Purdy have praised them for being clear communication, local expert, and responsive

  •   5   (38 reviews)
  •  1 Review in Anderson
  •  1 Sale in Anderson
View profile
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Candyce Showalter

Candyce Showalter is a recommended agent for Anderson.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (9 reviews)
  •  1 Review in Anderson
  •  1 Sale in Anderson
View profile
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Dan Bragg

Dan Bragg is a recommended agent for Anderson.  They have 5 local sales across the last 12 months.

  •   4.8   (4 reviews)
  •  5 Sales in Anderson
View profile
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Heather Upton

Sellers who recommend Heather Upton have praised them for being local expert, responsive, clear communication, well-prepared, resourceful, great team, and trustworthy

  •   5   (53 reviews)
  •  5 Sales in Anderson
View profile
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