Map of Property

University Terrace

For Sale

714 College Dr., Anderson, IN 46012

This Anderson property for sale is located at 714 College Dr.. The current listed sale price for University Terrace is $1,999,995. University Terrace is situated on a lot that is 0.9 acre in size.

Contacts

broker
Joshua Hoeft

SVN | Northern Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 15,260 SF
  • Units 10
  • Lot Size 0.9 Acre
  • Year Built 1988
  • Date Updated Aug 15, 2025
Perfectly positioned in the heart of Anderson and just a few steps away from Anderson University making this a high priority for tenants.Located just steps from the vibrant campus of Anderson University, this rare portfolio of 10 well-maintained condominiums presents a premier investment opportunity in the heart of Anderson, Indiana. Each unit is currently fully occupied, with strong tenant demand and a waitlist of prospective renters - underscoring the property's desirability and consistent income potential. Boasting a Net Operating Income of $127,000 annually, this asset offers investors immediate cash flow with long-term upside in a growing rental market. The property has been professionally maintained, requiring minimal ongoing capital investment, and benefits from a location that ensures continued tenant interest from students, faculty, and local professionals. Whether you're expanding your portfolio or entering the multifamily market, this stable, income-producing asset delivers both performance and peace of mind.
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Getting around

  • 56/100

    Walk Score ®

  • 59/100

    Bike Score ®

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Location

  • City Anderson, IN
  • Neighborhood Hillcrest
  • Zip Code 46012
  • Market Indianapolis

Points of Interest

  • Speedway

    0.72 miles

  • GetGo

    0.76 miles

  • Marathon

    2.18 miles

  • FastMax

    3.52 miles

  • Marjon Motel

    3.26 miles

  • Days Inn by Wyndham Anderson IN

    3.60 miles

  • Western Hotel

    3.66 miles

  • Sunflower Hotel

    3.69 miles

  • Best Western Plus Anderson

    3.72 miles

  • Baymont Anderson

    3.81 miles

  • Comfort Inn 2229 E 59th St Anderson Indiana

    3.83 miles

  • Quality Inn & Suites Anderson I-69

    3.94 miles

  • Hampton Inn Anderson

    4.00 miles

  • Fairfield Inn & Suites Anderson

    4.04 miles

  • Harvest

    0.78 miles

  • Payless Supermarket

    1.69 miles

  • Big Lots

    2.77 miles

  • ALDI

    3.16 miles

  • Walmart Supercenter

    3.17 miles

  • Gordon Food Service

    3.28 miles

  • Meijer

    4.20 miles

  • Needlers

    8.21 miles

  • Harvest Market

    9.34 miles

  • Dollar General

    9.39 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Joshua Hoeft

SVN | Northern Commercial

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