# 8436 E State Road 32, Anderson, IN 46017 > **TL;DR:** 20bd/11ba multi-family, $800,000, built 1975. > 4-car garage. Est. $4,278/mo. Listed 79 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $800,000 | | Bedrooms | 20 | | Bathrooms | 11 full | | Year Built | 1975 | | Lot Size | 122,839 sqft (2.82 acres) | | Garage | 4-car | | Property Type | Multi-Family (Quadruplex) | | Status | Active | | Days on Market | 79 | ## Why This Home Stands Out - **Large Garage** - 4-car garage ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,045 | | Estimated Insurance | $233 | | **Total** | **$4,278** | ## Nearby Schools - **Elementary:** Tenth Street Elementary School - **Middle:** Highland Middle School - **High:** Anderson High School ## Key Amenities - 4-car garage ## Property Highlights - Built in 1975 - 2.82 acre lot ## Description ### Agent Description TurnKey 8Unit Multifamily Portfolio - Fully Renovated & Stabilized Fantastic opportunity to acquire a fully occupied, cashflowing 8unit portfolio consisting of two singlefamily homes and two triplexes. All units have been updated with new vinyl plank flooring, fresh paint, and modernized kitchens and bathrooms. Driveway has been replaced for improved access. Unit Mix: SFH #1: 3 bed / 1 bath / 1car attached garage SFH #2: 4 bed / 2 bath / 1car attached garage - new roof installed Triplex #1: (2) 2 bed / 1 bath units + (1) 1 bed / 1 bath unit Triplex #2: (3) 3 bed / 1.5 bath units, each with attached garage Recent Improvements: New vinyl plank flooring throughout Fresh interior paint Updated kitchens & bathrooms Driveway replacement All roofs less than 5 years old, with one brandnew roof on the 4bed SFH This is a turnkey, lowmaintenance asset ideal for investors seeking stable income and modernized units with strong tenant appeal. Fully occupied and ready to cash flow from day one. Please see the attached doc for more information. ## Location - **Address:** 8436 E State Road 32, Anderson, IN 46017 - **County:** Madison - **Neighborhood:** No Subdivision - **Coordinates:** 40.115904, -85.578994 - **Google Maps:** https://www.google.com/maps?q=40.115904,-85.578994 ## Listing Agent - **Name:** Heather Clemmons - **Brokerage:** Starr Real Estate Inc - **Broker Phone:** (765) 288-1711 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/8436-E-State-Road-32_Anderson_IN_46017_M92958-36464?f=listhub&s=MIBORIN&m=22119884&c=propsimple) ## Photos ![8436 E State Road 32 - Photo 1](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f3263799190r.jpg) ![8436 E State Road 32 - Photo 2](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f4282240799r.jpg) ![8436 E State Road 32 - Photo 3](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f1405156990r.jpg) ![8436 E State Road 32 - Photo 4](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f3373413468r.jpg) ![8436 E State Road 32 - Photo 5](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f992634884r.jpg) ![8436 E State Road 32 - Photo 6](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f2692402194r.jpg) ![8436 E State Road 32 - Photo 7](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f620021887r.jpg) ![8436 E State Road 32 - Photo 8](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f1982199599r.jpg) ![8436 E State Road 32 - Photo 9](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f2666308877r.jpg) ![8436 E State Road 32 - Photo 10](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f3347341618r.jpg) ![8436 E State Road 32 - Photo 11](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f1675672713r.jpg) ![8436 E State Road 32 - Photo 12](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f4180839079r.jpg) ![8436 E State Road 32 - Photo 13](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f369621971r.jpg) ![8436 E State Road 32 - Photo 14](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f1959378133r.jpg) ![8436 E State Road 32 - Photo 15](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f332726752r.jpg) ![8436 E State Road 32 - Photo 16](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f4198241408r.jpg) ![8436 E State Road 32 - Photo 17](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f150421351r.jpg) ![8436 E State Road 32 - Photo 18](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f2880350433r.jpg) ![8436 E State Road 32 - Photo 19](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f3395259429r.jpg) ![8436 E State Road 32 - Photo 20](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f1145095098r.jpg) ![8436 E State Road 32 - Photo 21](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f1326274978r.jpg) ![8436 E State Road 32 - Photo 22](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f1245005670r.jpg) ![8436 E State Road 32 - Photo 23](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f229271948r.jpg) ![8436 E State Road 32 - Photo 24](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f490130795r.jpg) ![8436 E State Road 32 - Photo 25](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f1865302024r.jpg) ![8436 E State Road 32 - Photo 26](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f778488857r.jpg) ![8436 E State Road 32 - Photo 27](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f1493143760r.jpg) ![8436 E State Road 32 - Photo 28](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f1805455425r.jpg) ![8436 E State Road 32 - Photo 29](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f1464981401r.jpg) ![8436 E State Road 32 - Photo 30](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f4279996060r.jpg) ![8436 E State Road 32 - Photo 31](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f3806240342r.jpg) ![8436 E State Road 32 - Photo 32](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f3569494300r.jpg) ![8436 E State Road 32 - Photo 33](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f1329045975r.jpg) ![8436 E State Road 32 - Photo 34](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f2385272286r.jpg) ![8436 E State Road 32 - Photo 35](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f2830081758r.jpg) ![8436 E State Road 32 - Photo 36](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f3841877755r.jpg) ![8436 E State Road 32 - Photo 37](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f3623162573r.jpg) ![8436 E State Road 32 - Photo 38](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f2326676844r.jpg) ![8436 E State Road 32 - Photo 39](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f3287262730r.jpg) ![8436 E State Road 32 - Photo 40](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f740457260r.jpg) ![8436 E State Road 32 - Photo 41](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f947902315r.jpg) ![8436 E State Road 32 - Photo 42](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f3903551967r.jpg) ![8436 E State Road 32 - Photo 43](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f3347539940r.jpg) ![8436 E State Road 32 - Photo 44](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f3620325606r.jpg) ![8436 E State Road 32 - Photo 45](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f1812937522r.jpg) ![8436 E State Road 32 - Photo 46](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f3624460422r.jpg) ![8436 E State Road 32 - Photo 47](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f364784070r.jpg) ![8436 E State Road 32 - Photo 48](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f2392800886r.jpg) ![8436 E State Road 32 - Photo 49](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f2724739356r.jpg) ![8436 E State Road 32 - Photo 50](http://lh.rdcpix.com/adb701d7f040fe4d0b0831c4d1258a7el-f3750475423r.jpg) --- **MLS#:** 22119884 | **Updated:** 2026-10-26 **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/8436-e-state-road-32-anderson-in-46017-f399e8b82a0848b9ae8121e73f89bd98) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/8436-e-state-road-32-anderson-in-46017-f399e8b82a0848b9ae8121e73f89bd98#listing", "url": "https://staging.propertysimple.ai/listing/8436-e-state-road-32-anderson-in-46017-f399e8b82a0848b9ae8121e73f89bd98", "name": "8436 E State Road 32, Anderson, IN 46017", "description": "TurnKey 8Unit Multifamily Portfolio - Fully Renovated & Stabilized Fantastic opportunity to acquire a fully occupied, cashflowing 8unit portfolio consisting of two singlefamily homes and two triplexes. All units have been updated with new vinyl plank flooring, fresh paint, and modernized kitchens and bathrooms. Driveway has been replaced for improved access. Unit Mix: SFH #1: 3 bed / 1 bath / 1car attached garage SFH #2: 4 bed / 2 bath / 1car attached garage - new roof installed Triplex #1: (2) 2 bed / 1 bath units + (1) 1 bed / 1 bath unit Triplex #2: (3) 3 bed / 1.5 bath units, each with attached garage Recent Improvements: New vinyl plank flooring throughout Fresh interior paint Updated kitchens & bathrooms Driveway replacement All roofs less than 5 years old, with one brandnew roof on the 4bed SFH This is a turnkey, lowmaintenance asset ideal for investors seeking stable income and modernized units with strong tenant appeal. Fully occupied and ready to cash flow from day one. 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