Pending

$135,000

Est. $979/mo —

•

3 ba

•

2,357

sq ft

2116 Pearl St, Anderson, IN 46016

About this home

Duplex Investment Opportunity in Anderson! Looking for an income-producing property with additional upside? 2116 Pearl St. is a duplex offering two units with different layouts and rental potential. One side features a 1-bedroom, 1-bath unit that is currently rented for $725 per month, providing immediate rental income. The second unit offers 3 bedrooms and 1 bath, has been recently updated, and is currently vacant-giving a new owner the opportunity to select their own tenant and establish additional rental income. With a combination of an existing tenant, an updated vacant unit, and flexible living arrangements, this property offers an excellent opportunity for investors looking to add to their portfolio or an owner-occupant looking to offset their housing expenses.

Multi-familyProperty Type

1880Year Built

6,048 sq ftLot Size

$57Price/Sq.Ft.

1 car garageParking

Listed by Katie Blossom • RE/MAX Real Estate Solutions

Listing updated: Oct 12, 2026 at 02:33pm

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #22126754

Payment calculator

$979 per month

Principal and interest$728

Property taxes

$191

HOA dues

Home insurance

$61

Utilities

Add

5 minutes to get started. No credit impact.

Affordability tools

Open houses

No upcoming open houses.

Nearby open houses (6)

$323,000
4 beds3 baths3,126 sq ft
8251 S Evening Dr, Pendleton, IN 46064
7,630 sq ft lot • 2 garage spots • Built 2005
OPEN NOV 14, 11AM TO 5:30PM
$359,999
4 beds2.5 baths2,119 sq ft
6613 Hemlock Ln, Pendleton, IN 46064
6,600 sq ft lot • 2 garage spots • Built 2026
OPEN NOV 14, 11AM TO 5:30PM
$299,999
4 beds2.5 baths1,598 sq ft
6583 Hemlock Ln, Pendleton, IN 46064
6,886 sq ft lot • 2 garage spots • Built 2026
OPEN NOV 14, 11AM TO 5:30PM3D WALKTHROUGH
$339,999
4 beds2.5 baths2,367 sq ft
6531 Calligan Rd, Pendleton, IN 46064
8,162 sq ft lot • 2 garage spots • Built 2026
OPEN NOV 14, 11AM TO 5:30PM3D WALKTHROUGH
$329,999
4 beds2.5 baths2,119 sq ft
6594 Hemlock Ln, Pendleton, IN 46064
7,208 sq ft lot • 2 garage spots • Built 2026
OPEN NOV 14, 2PM TO 4PM3D WALKTHROUGH
$192,700
3 beds2 baths1,131 sq ft
2403 Bramble Way, Anderson, IN 46011
0.24 acre lot • Garage • Built 1963

Around this home

Schools

K - 12
Preschool & daycare

Valley Grove Elementary School

Public K-5 • Assigned • 3.5mi

5/10

Highland Junior High School

Public 7-8 • Assigned • 3.7mi

5/10

Anderson High School

Public 9-12 • Assigned • 2.2mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Interior features
Has basement
One and one half levels

Kitchen
Two separate kitchens (one in each unit)

Sale and tax history for 2116 Pearl St

Sale History
Tax History

Date

Event

Price

APPFOLIO #1

Oct 1, 2026

Listed for Rent

$1,495

$1/sq ft

MIBOR as Distributed by MLS Grid #22126754

Oct 12, 2026

Pending

—

Sep 26, 2026

Listed

$135,000

$57/sq ft

MIBOR as Distributed by MLS Grid #21978398

Jun 27, 2024

Sold

$125,000

$53/sq ft

May 20, 2024

Pending

—

May 9, 2024

Listed

$125,000

$53/sq ft

+37

Duplex offers 2 units move-in ready. Ideal investment opportunity or live in one & rent the other for additional income. Main level 3 BDR/1 Bath offers new vinyl plank flooring, recessed lights throughout, and has own spacious laundry room. Second level 1 BDR/1Bath offers new recessed lighting, flooring, and carpet throughout. Separate electric and gas meters. NEW Roof and decking where needed. New Plumbing, New furnace (main level), and New Electrical wiring. Kitchen appliances included. Large backyard fully fenced in for privacy. 1 car garage w/ alley access for additional parking. Sold As-Is.

Year

Property tax

Land + Additions

Assessment*

2025

$2,291 (+105.0%)

$6,100 + $44,200

$50,300

2024

$1,118 (+50.1%)

$6,100 + $44,200

$50,300

2023

$745 (−0.3%)

$6,100 + $44,200

$50,300

2022

$747 (+13.3%)

$5,800 + $27,500

$33,300

2021

$659 (+5.4%)

$5,500 + $27,900

$33,400

2020

$626 (+2.5%)

$5,400 + $23,900

$29,300

2019

$611 (+5.4%)

$5,100 + $22,600

$27,700

2018

$579 (−24.8%)

$5,100 + $21,900

$27,000

2017

$770 (+12.9%)

$5,100 + $19,800

$24,900

2016

$682 (+103.0%)

$5,100 + $19,800

$24,900

2015

$336 (+0.6%)

$5,100 + $19,800

$24,900

2014

$334

$5,400 + $11,400

$16,800

2013

$334

$5,400 + $11,300

$16,700

Public record

Public record
Zoning

Beds

Baths

Stories

1.5

Lot width

42 ft.

Lot depth

144 ft.

Lot size

6,046 Sq. Ft.

Year renovated

1960

Finished Sq. Ft.

1,757

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,757

Year built

1880

Style

Multi-Family (2-4 Unit)

County

Madison County

APN

481113401183000003

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 28, 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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

87/ 100

Very good sunlight

Sunscore

This home receives average direct sun exposure in Anderson. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.9 hrs

5.7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 2116 Pearl St

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $59,000 and $190,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $59K to $190K.

SOLD AUG 27, 2026
$79,900 Last sold price
2 beds1 bath1,738 sq ft
1717 Johnson Ave, Anderson, IN 46016
$11/sq ft
larger lot
75 years newer
SOLD MAY 15, 2026
$152,900 Last sold price
4 beds2.5 baths1,508 sq ft
2119 Central Ave, Anderson, IN 46016
$44/sq ft
80 years newer
SOLD MAY 28, 2026
$190,000 Last sold price
6 beds3 baths2,044 sq ft
807 E 21st St, Anderson, IN 46016
$36/sq ft
smaller lot
9 years newer
SOLD SEP 18, 2026
$147,500 Last sold price
4 beds1 bath2,375 sq ft
717 E 29th St, Anderson, IN 46016
$5/sq ft
smaller lot
44 years newer
SOLD JUL 10, 2026
$190,000 Last sold price
4 beds2.5 baths3,688 sq ft
2221 Central Ave, Anderson, IN 46016
$5/sq ft
38 years newer
SOLD OCT 7, 2026
$59,000 Last sold price
2 beds1 bath2,040 sq ft
620 E 29th St, Anderson, IN 46016
$28/sq ft
smaller lot
44 years newer

This home is pending

The seller has accepted an offer, and this property is now .

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Details provided by MIBOR as Distributed by MLS Grid and may not match the public record. Learn more.

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