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$130,000 -

1520 Noble Street Anderson IN 46016

3
Bedrooms
2
Baths
N/A
SQ. Feet
(Above Ground)
0.15
Acres

Investor opportunity! This tenant-occupied 3-bedroom, 2-bath home is currently rented for $1,417/month (Increased to 1,467 July 2026), with the tenant responsible for all utilities and lawn care, creating a low-maintenance investment from day one. The property has a long-term tenant in place with an established history of timely payments. Several key updates have already been completed, including a new roof (2021), new flooring and appliances (2021), and a new furnace (2023), helping minimize near-term capital expenses. The home offers a functional layout with in-unit laundry provided for the tenant and includes a mudroom that could potentially be converted into a 4th bedroom, creating additional value-add potential for investors. Exterior features include an attached garage, spacious backyard, and welcoming front porch. The entire street on Noble St was recently repaved by the city, providing a smooth and attractive drive-up to the property. At the $130,000 list price, the property meets the sought-after 1% rule, making it a strong addition to an investor's portfolio. Existing mortgage with approximately a 3.5% interest rate may be assumable for qualified buyers, offering a potential financing advantage in today's rate environment. Stable income, recent updates, and future upside potential. Please do not disturb tenant.

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Property Details

Price: $130,000 Previously: $130,000 Originally: $130,000 Bedrooms: 3 Bathrooms: 2.00 MLS #: 22089095 Year Built: 1891 Township: Anderson Sq. Ft Total: 2,179 Type: Residential Zip Code: 46016 City: Anderson Subdivision: Orr & Mcclures Avenue County: Madison School District: Anderson Community School Corp

Interior Features

Interior Features:
  • Appliances: Other, Gas Water Heater, Microwave, Washer, Refrigerator, Dryer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas

Exterior Features

Exterior Features:
  • # Acres: 0.15

Listing Office: Inspired Realty

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2026 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on April 5th, 2026 at 3:13pm EDT.

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