Excellent Investment Opportunity! Updated triplex offering strong rental demand and steady income. Property features one spacious 4-bedroom unit and two 2-bedroom units. Four bedroom unit, and one of the 2 bedroom units, has 2 full baths. Major updates include new steel foundation beams (2025) and a new sewer main (2022), giving peace of mind to future owners. Conveniently located near downtown Lebanon with high rental demand.
Sold
$399,000
514 E Washington St, Lebanon, IN 46052
8beds
5baths
--sqft
Multi Family, Triplex
Built in 1900
-- sqft lot
$403,200 Zestimate®
$--/sqft
$1,418 Estimated rent
Home value
$403,200
$367,000 - $444,000
$1,418/mo
Zestimate® history
Owner options
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$1,418/mo
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$1,418/mo
Rent Zestimate®
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$2,415/mo
Est. payment
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$2,415/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Lynda Lambert 765-481-9210,
Traditions Realty, LLC,
John Bradley 317-446-4666,
Traditions Realty, LLC
Bought with:
Peter Stewart
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 22059157
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Heating
- Electric, Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Connections All
Features
- Has basement: Yes
Property
Parking
- Total spaces: 1
- Parking features: Attached
- Attached garage spaces: 1
- Details: Unit Parking(1 Car Garage, On Street, Paved Area, Unpaved)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 9,583 sqft
- Features: Access, Corner Lot
Details
- Parcel number: 061131000319000002
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family, Triplex
Materials
- Aluminum Siding, Vinyl Siding
- Foundation: Concrete Perimeter, Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1900
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Lebanon
- Subdivision: Richardson Longley
Other
Other facts
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 11/10/2025 | Sold | $399,000 |
Source:  MIBOR as distributed by MLS GRID #22059157 Report a problem | ||
| 9/30/2025 | Pending sale | $399,000 |
Source: MIBOR as distributed by MLS GRID #22059157 Report a problem | ||
| 8/28/2025 | Listed for sale | $399,000+12.4% |
Source: MIBOR as distributed by MLS GRID #22059157 Report a problem | ||
| 4/7/2022 | Sold | $355,000+1.4% |
Source: MIBOR as distributed by MLS GRID #21842156 Report a problem | ||
| 3/11/2022 | Pending sale | $350,000 |
Source: MIBOR as distributed by MLS GRID #21842156 Report a problem | ||
| 3/10/2022 | Listed for sale | $350,000+107.1% |
Source: MIBOR as distributed by MLS GRID #21842156 Report a problem | ||
| 12/4/2015 | Listing removed | $169,000 |
Source: Berkshire Hathaway Home #21386458 Report a problem | ||
| 11/7/2015 | Price change | $169,000-3.4% |
Source: Berkshire Hathaway Home #21386458 Report a problem | ||
| 7/20/2015 | Listed for sale | $174,900 |
Source: Berkshire Hathaway Home #21366152 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,644 +4.7% | $396,600 +5.4% |
| 2024 | $7,303 +59% | $376,400 +6.6% |
| 2023 | $4,592 +69.7% | $353,200 +56% |
| 2022 | $2,706 +4% | $226,400 +21.2% |
| 2021 | $2,602 +7.2% | $186,800 +3% |
| 2020 | $2,428 -16.2% | $181,400 +2.3% |
| 2019 | $2,896 +11.7% | $177,300 -8.6% |
| 2018 | $2,593 -3.5% | $193,900 +8.2% |
| 2017 | $2,687 -1.2% | $179,200 +1% |
| 2016 | $2,719 -4.4% | $177,500 -4.3% |
| 2014 | $2,843 +1.8% | $185,400 |
| 2013 | $2,792 +4.6% | $185,400 +1.8% |
| 2012 | $2,668 +82% | $182,200 +19.6% |
| 2011 | $1,466 +10.2% | $152,400 +4% |
| 2010 | $1,331 +2% | $146,500 -2.3% |
| 2009 | $1,305 -7.3% | $150,000 +2.4% |
| 2007 | $1,408 -34.8% | $146,500 -25.3% |
| 2006 | $2,159 | $196,000 +52.1% |
| 2005 | -- | $128,900 |
Find assessor info on the county website
Neighborhood: 46052
Nearby schools
GreatSchools rating
- 9/10Central Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 5/10Lebanon Middle SchoolGrades: 6-8Distance: 0.9 mi
- 9/10Lebanon Senior High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Central Elementary School
- Middle: Lebanon Middle School
- High: Lebanon Senior High School
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.
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Estimated market value
$403,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$403,200
- Indiana
- Boone County
- Lebanon
- 46052
- 514 E Washington St
Nearby cities
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