# 1627 Brown Street, Anderson, IN 46016 > **TL;DR:** 4bd/4ba multi-family, $159,000, built 1965. Est. $850/mo. Listed 45 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $159,000 | | Bedrooms | 4 | | Bathrooms | 4 full | | Year Built | 1965 | | Lot Size | 4,356 sqft (0.10 acres) | | Stories | 2 | | Property Type | Multi-Family (Quadruplex) | | Status | Active | | Days on Market | 45 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $804 | | Estimated Insurance | $46 | | **Total** | **$850** | ## Property Highlights - Built in 1965 - 0.10 acre lot - 2 stories ## Description ### Agent Description Excellent investment opportunity at 1627 Brown St in Anderson! Centrally positioned in Anderson. This recently renovated 4-unit apartment building offers immediate rental income along with additional upside potential. The property features four 1-bedroom, 1-bath units, with three units currently occupied and one unit vacant. Current gross rental income is approximately $1,625 per month, with the potential for significantly higher income once the vacant unit is leased and rents are optimized. This an attractive opportunity for an investor looking for a multifamily property with improvements already completed. With four income-producing units under one roof, recent improvements, current rental income, and additional income potential, this property offers a strong opportunity to add a multifamily asset to your portfolio. Don't miss this 4-unit investment property! ## Location - **Address:** 1627 Brown Street, Anderson, IN 46016 - **County:** Madison - **Neighborhood:** No Subdivision - **Coordinates:** 40.09987, -85.682674 - **Google Maps:** https://www.google.com/maps?q=40.09987,-85.682674 ## Listing Agent - **Name:** Stuart Houghton - **Brokerage:** Keller Williams Indy South - **Broker Phone:** (317) 882-5900 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1627-Brown-St_Anderson_IN_46016_M40474-76283?f=listhub&s=MIBORIN&m=22127136&c=propsimple) ## Photos ![1627 Brown Street - Photo 1](http://lh.rdcpix.com/492c073a5c5ecc0b35eafa1186d2beeel-f2524740784r.jpg) ![1627 Brown Street - Photo 2](http://lh.rdcpix.com/492c073a5c5ecc0b35eafa1186d2beeel-f1028426566r.jpg) ![1627 Brown Street - Photo 3](http://lh.rdcpix.com/492c073a5c5ecc0b35eafa1186d2beeel-f3885917884r.jpg) ![1627 Brown Street - Photo 4](http://lh.rdcpix.com/492c073a5c5ecc0b35eafa1186d2beeel-f3196912190r.jpg) ![1627 Brown Street - Photo 5](http://lh.rdcpix.com/492c073a5c5ecc0b35eafa1186d2beeel-f3106627048r.jpg) ![1627 Brown Street - Photo 6](http://lh.rdcpix.com/492c073a5c5ecc0b35eafa1186d2beeel-f1506987732r.jpg) ![1627 Brown Street - Photo 7](http://lh.rdcpix.com/492c073a5c5ecc0b35eafa1186d2beeel-f1119383300r.jpg) ![1627 Brown Street - Photo 8](http://lh.rdcpix.com/492c073a5c5ecc0b35eafa1186d2beeel-f2558384985r.jpg) ![1627 Brown Street - Photo 9](http://lh.rdcpix.com/492c073a5c5ecc0b35eafa1186d2beeel-f3588539423r.jpg) ![1627 Brown Street - Photo 10](http://lh.rdcpix.com/492c073a5c5ecc0b35eafa1186d2beeel-f3404740478r.jpg) ![1627 Brown Street - Photo 11](http://lh.rdcpix.com/492c073a5c5ecc0b35eafa1186d2beeel-f1965774717r.jpg) --- **MLS#:** 22127136 | **Updated:** 2026-10-23 **Source:** listhub *Copyright © 2026 Broker Listing Cooperative®. 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://staging.propertysimple.ai/listing/1627-brown-street-anderson-in-46016-29dc168c161b40b9b5bcb0caa8529ec9) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/1627-brown-street-anderson-in-46016-29dc168c161b40b9b5bcb0caa8529ec9#listing", "url": "https://staging.propertysimple.ai/listing/1627-brown-street-anderson-in-46016-29dc168c161b40b9b5bcb0caa8529ec9", "name": "1627 Brown Street, Anderson, IN 46016", "description": "Excellent investment opportunity at 1627 Brown St in Anderson! Centrally positioned in Anderson. This recently renovated 4-unit apartment building offers immediate rental income along with additional upside potential. 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