Sheldon Barnes
For Sale — 911 W 3rd Street, Anderson, IN 46016911 W 3rd Street
Anderson, Indiana 46016
No Subdivision
$135,000
Schedule a Showing4
Beds
1
Baths
2,492
Sq Ft
1890
Year Built
0.16
Acres
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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Anderson, Indiana and the rest of Hamilton County. Book a private tour of 911 W 3rd Street, ask any question about this home, or talk through what you should know about buying in Anderson.
ABOUT THIS HOME
$1,450/Month Section 8 Rental | Exceeds 1% Rule | Fully Renovated 2025 Turnkey investment with immediate, reliable cash flow. Leased at $1,450/month with rent paid 100% through Section 8 (HAP). Tenant pays all utilities. At the $135,000 list price, this property exceeds the 1% rule at approximately 1.07% and is priced below a recent $140,000 appraisal, offering a compelling cash-flow opportunity with built-in value. Fully renovated in 2025, including new roof, full electrical rewire, updated plumbing, new HVAC components, many new windows, and complete interior finishes. The home offers 4 bedrooms plus a bonus room and dedicated laundry space, appealing to long-term tenants. Additional features include a detached garage, fenced backyard, washer/dryer hookups, and property taxes under $150/year. Strong income, government-backed rent, and major updates-this is a true turnkey rental.
Key things to know
- Section 8 leased, government-backed rent
- Complete 2025 renovation: roof, electrical, plumbing, hvac, windows
- 4 bed + bonus room, laundry space
- Exceeds 1% cash flow rule
- Property taxes under $150/year
Browse by room
12 rooms · 22 photos
Monthly payment
Estimate · $135,000
$731/mo
≈ $719 principal & interest · $12 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $27,000 on a loan of $108,000.
Price history
- Listedat $135,000
Mar 17, 2026
Recent comparable sales
$205,000
1008 Malibu Drive
3bd · 2ba · 1,769 sqft
Sold Apr 2026
$50,000
1915 Lincoln Street
4bd · 1ba · 1,922 sqft
Sold Apr 2026
$125,000
1120 W 9th Street
3bd · 1ba · 1,824 sqft
Sold Apr 2026
$60,800
1225 Victory Court
4bd · 2ba · 1,812 sqft
Sold Apr 2026
$68,000
2226 Fletcher Street
4bd · 2ba · 2,546 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 99% above median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$135,000Listed· Mar 17, 2026
1 days on market
Layout
Schools
Anderson Community School Corp
Neighborhood
- Hamilton Town Center16.5 mi
- Hamilton Southeastern HS17.4 mi
- Conner Prairie19.4 mi
- Fishers High School19.6 mi
- IU Health North Hospital22.6 mi
- Westfield High School23.5 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
2,492 sq ft
Year Built
1890
Stories
Two
Subdivision
No Subdivision
Bedrooms
4
Bathrooms
1 full
Garage
2 spaces
School District
Anderson Community School Corp