Updated Investment Property with Strong Rental Income! Add this well-maintained 3-bedroom, 1-bath home to your investment portfolio. Offering approximately 880 sq. ft. of functional living space, this property is currently rented for $1,475 per month, providing immediate rental income. The home received numerous updates in 2023, including a new furnace, new water heater, new kitchen cabinets, remodeled bathroom, updated plumbing, and updated electrical. These improvements provide peace of mind while offering tenants a comfortable and updated living space. With three bedrooms, an efficient layout, and significant recent improvements, this property presents a solid opportunity for an investor seeking an income-producing rental.
Single-familyProperty Type
1898Year Built
5,480 sq ftLot Size
$91Price/Sq.Ft.
1 car garageParking
Listed by Katie Blossom• RE/MAX Real Estate Solutions
If you're looking for a home that you can move right into . . .then check out this 3 bedroom, 1 full bath home that's been TOTALLY REMODELED. Let's start with the INSIDE . . .all new flooring & freshly painted throughout, new furnace, new water heater, all new kitchen cabinets, totally remodeled bathroom, new plumbing and all new electrical & light fixtures. The house also has a full basement and all new windows. The house also has a large detached garage and a nice size backyard. Check it out . . it won't last long.
MIBOR as Distributed by MLS Grid #21907123
Aug 31, 2023
Listing Removed
—
Aug 1, 2023
Price Changed
$140,000
$106/sq ft
May 16, 2023
Price Changed
$145,000
$110/sq ft
Apr 1, 2023
Price Changed
$149,900
$114/sq ft
Mar 8, 2023
Price Changed
$159,900
$121/sq ft
Feb 22, 2023
Listed
$169,900
$129/sq ft
MIBOR as Distributed by MLS Grid #21801009
Aug 6, 2021
Sold
$12,400
$9/sq ft
Jul 27, 2021
Pending
—
Jul 23, 2021
Listed
$12,900
$10/sq ft
MIBOR as Distributed by MLS Grid #2823730
Dec 1, 2009
Listing Removed
—
Apr 22, 2008
Listed
$32,500
$25/sq ft
MIBOR as Distributed by MLS Grid #2731597
May 15, 2007
Listed
$15,900
$12/sq ft
MIBOR as Distributed by MLS Grid #2353221
Oct 9, 2003
Listed
$44,900
$34/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,249 (+7.3%)
$5,200 + $47,200
$52,400
2024
$1,164 (+7.6%)
$5,200 + $47,200
$52,400
2023
$1,083 (+59.2%)
$5,200 + $47,200
$52,400
2022
$680 (−18.7%)
$4,900 + $43,500
$48,400
2021
$837 (+4.4%)
$4,600 + $25,800
$30,400
2020
$802 (+2.8%)
$4,600 + $32,600
$37,200
2019
$780 (+5.0%)
$4,400 + $31,100
$35,500
2018
$743 (+16.1%)
$4,400 + $30,100
$34,500
2017
$640
$4,400 + $27,600
$32,000
2016
$640 (−3.0%)
$4,400 + $27,600
$32,000
2015
$660 (+2.5%)
$4,400 + $27,600
$32,000
2014
$644 (−0.6%)
$4,500 + $28,500
$33,000
2013
$648
$4,500 + $27,700
$32,200
Public record
Public record
Zoning
Beds
3
Baths
1
Stories
1
Lot width
40 ft.
Lot depth
137 ft.
Lot size
5,480 Sq. Ft.
Year renovated
1970
Finished Sq. Ft.
880
Unfinished Sq. Ft.
—
Total Sq. Ft.
880
Year built
1898
Style
Single Family Residential
County
Madison County
APN
481218302178000003
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 11, 2026.
R-4
Residential District
The R4 District will permit residential use without limitation as to the number of families to be housed in a building so long as the prescribed lot area per family can be provided. Many multi-family dwellings and two-family dwellings occur in the R4 District, as well as many large older homes which would be suitable for conversion to multi-family use.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 100° expected this year, 18 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Anderson, IN • 46016
Average low and high temperatures (°F)
31
16
40
24
59
38
67
46
71
52
82
64
86
68
80
62
81
57
69
46
53
38
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
10 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1932 Walnut St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $114,900 and $152,400.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $115K to $152K.