8436 E State Road 32

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Address: 8436 IN-32, Anderson, IN 46011, USA

Chicago & Midwest + Apartment Buildings

Created date: August 12, 2026

Date last updated: October 2, 2026

Price: $869,900Investment Analyzer NEW!

Property 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.

Available

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Broker Details

Heather Clemmons

Starr Real Estate Inc (765) 288-1711 MLS ID: 32534 State License Number: RB14039183

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$869,900
No. of Units:	8
Year Built:	1975
Opportunity Zone:	No
Price per unit:	$108,738
Property Website	Click Here
Number of Bedrooms:	20
Number of Bathrooms:	11

Address: 8436 E State Road 32, Anderson, IN 46017, USA

Provided by:

Standard Status: Active

MLS Listing Number: 22119884
ID: 3yd-MIBORIN-22119884

Copyright Disclaimer: 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.

Investment Analyzer

Step 1Financing Calculation

Purchase Price *

Down Payment *

Financed Amount

Term (Years) *

# of Payments Per Year *

Total Payments

Annual Interest Rate *

Monthly P&I

Annual P&I

Step 2Gross Rent Analysis

Please enter annual amounts.

Gross Rent *

Management Fee

Maintenance Reserve

Insurance

Property Taxes

Vacancy Reserve

Utilities

Misc. Expenses

Monthly Net Income

Annual Net Income

Step 3Cap Rate Calculation

Comparable Cap Rates *

Price Based on Cap Rate

Cap Rate Based on Price

Step 4Final Deal Analysis

Monthly Cashflow

Annual Cashflow

Cash on Cash Return

Overall Return on Full Price

Annual Approx. Depreciation

Annual Approx Market Appreciation

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Management

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8436 E State Road 32

Property Description

Request Information

Broker Details

Key Property Information

Investment Analyzer

Step 1Financing Calculation

Step 2Gross Rent Analysis

Step 3Cap Rate Calculation

Step 4Final Deal Analysis

Similar Properties in the Area

1825 S Crawford Road

1825 S Crawford Road

1825 S Crawford Road

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Remax Professionals

Jared Ennis

Rick Recckio

Eamonn McConnell

Lenders

Management

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Andrew Schildcrout