Discover a remarkable investment opportunity in the heart of Greenfield, Indiana, at 507-509 S Pennsylvania St. This inviting home is poised for your finishing touches, setting the stage for a lucrative cash-flowing property. Unit 509 offers an impressive layout with 3 spacious bedrooms, 1 bathroom, and a versatile loft currently used as a 4th bedroom. You'll also find a living room, a kitchen/breakfast area, and an enclosed porch equipped with washer/dryer hookups. Currently, this unit is generating a steady income of $1,200 per month, with a lease in place until August 2026. While the kitchen floor needs some repairs and both the kitchen and bathroom could use a modern update, the potential here is undeniable. Unit 507, a 1-bedroom, 1-bathroom space, features an open living area combined with a kitchen and breakfast nook, alongside an enclosed porch with washer/dryer hookups. This unit presents an exciting opportunity for a complete renovation of the kitchen and bathroom, as well as fresh paint and flooring throughout, allowing you to customize it to your vision. With a new roof, furnaces, and water heaters already in place, this property is a solid investment and being sold As-Is.
286 days
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875
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56
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Zillow last checked:
Listing updated:
Listed by:
Gloria Gear317-750-4998,
Keller Williams Indy Metro Partners
Source: MIBOR as distributed by MLS GRID,MLS#: 22067691
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Heating
Forced Air
Cooling
Window Unit(s)
Appliances
Laundry: Connections All
Property
Parking
Details: Unit Parking(On Street)
Features
Levels: Two
Stories: 2
Lot
Size: 6,098 Square Feet
Details
Parcel number: 301105109003000009
Special conditions: As Is
Construction
Type & style
Home type: MultiFamily
Architectural style: Traditional
Property subtype: Multi Family, Duplex
Materials
Vinyl Siding
Roof: Shingle
Condition
New construction: No
Year built: 1900
Community & HOA
Community
Subdivision: No Subdivision
Location
Region: Greenfield
Financial & listing details
Annual tax amount: $2,900
Date on market: 10/13/2025
Cumulative days on market: 274 days
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
6/26/2026
Listed for sale
$150,000
Source: MIBOR as distributed by MLS GRID #22067691Report a problem
6/17/2026
Pending sale
$150,000
Source: MIBOR as distributed by MLS GRID #22067691Report a problem
5/1/2026
Price change
$150,000-6.3%
Source: MIBOR as distributed by MLS GRID #22067691Report a problem
1/13/2026
Listed for sale
$160,000
Source: MIBOR as distributed by MLS GRID #22067691Report a problem
1/10/2026
Pending sale
$160,000
Source: MIBOR as distributed by MLS GRID #22067691Report a problem
10/13/2025
Listed for sale
$160,000+168.9%
Source: MIBOR as distributed by MLS GRID #22067691Report a problem
3/15/2000
Sold
$59,500
Source: MIBOR as distributed by MLS GRID #2004052Report a problem
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Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.