# 1530 Ohio Avenue, Anderson, IN 46016

> **TL;DR:** 2bd/1ba single family, $49,900 ($53/sqft), built 1934, 940 sqft.
> Basement. Est. $216/mo. Listed 262 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $49,900 |
| Price/sqft | $53 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Square Feet | 940 |
| Year Built | 1934 |
| Lot Size | 3,049 sqft (0.07 acres) |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 262 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $216 |
| **Total** | **$216** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1934
- 0.07 acre lot

## Description

### Agent Description
Welcome to 1530 Ohio Ave in Anderson, IN-a tenant-occupied, turnkey investment property offering cash flow from day #1! This renovated 2-bedroom, 1-bath ranch features 940 sq. ft. plus an unfinished basement and is ideally located minutes from downtown, Anderson University, and under 10 minutes from Harrah's Hoosier Park & Casino. The current tenant is on a one-year lease through February 2027, paying $900/month, with utilities and lawn care paid by the tenant, keeping owner expenses low. Recent updates include fresh paint, new flooring, and upgraded PEX plumbing throughout. Inside, a spacious living room flows into a generously sized eat-in kitchen with pantry and laundry hookups, plus a welcoming three-season room at the front. Offered as-is, this low-maintenance property nearly hits the 2% rule at the asking price, making it a compelling addition to any rental portfolio. Solid location, stable tenancy, and immediate cash flow-this is an investor-ready opportunity you don't want to miss!

## Location

- **Address:** 1530 Ohio Avenue, Anderson, IN 46016
- **County:** Madison
- **Neighborhood:** No Subdivision
- **Coordinates:** 40.10086, -85.670244
- **Google Maps:** https://www.google.com/maps?q=40.10086,-85.670244

## Listing Agent

- **Name:** Peter Stewart
- **Brokerage:** Keller Williams Indpls Metro N
- **Phone:** 3178466300
- **Email:** peter@peterstewartrealty.com

## Primary Photo

![1530 Ohio Avenue - Primary Photo](http://lh.rdcpix.com/2ed71d7e9603454735148bb11baa70d2l-f3046613024r.jpg)

*25 total photos available on [listing page](https://www.propertysimple.com/listing/1530-ohio-avenue-anderson-in-46016-22052071)*

---

**MLS#:** 22052071 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1530-ohio-avenue-anderson-in-46016-22052071)

---

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