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  • $251,100

    718 E Walnut St, Lebanon, IN 46052

    2beds
    1baths
    --sqft
    Multi Family, Quadruplex
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $1,301 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,301/mo

    Zestimate® history
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    What's special

    Turnkey 5-Unit Investment Opportunity in Rapidly Growing Lebanon! Great opportunity to acquire a 5-unit multifamily property in one of Central Indiana's fastest-growing markets. This property features a strong unit mix of two 2-bedroom/1-bath units and three 1-bedroom/studio units, offering diverse rental income potential and broad tenant appeal. Located just minutes from the transformational LEAP District, this asset is positioned to benefit from the massive $9+ billion investment by Eli Lilly and Company, expected to bring thousands of jobs and drive long-term population growth and housing demand in the area. Lebanon is quickly emerging as a major employment hub with expanding infrastructure, new development, and increasing rental demand. This property offers investors the opportunity to get in ahead of continued appreciation and rent growth. Whether you're looking to stabilize and hold for cash flow or execute a value-add strategy, this asset provides strong upside potential in a supply-constrained rental market. Highlights: 5 total units (2 - 2BR units, 3 - 1BR/studio units) Strong rental demand with room for rent increases Located near major economic development corridor (LEAP District) Positioned for long-term appreciation and cash flow growth Easy access to I-65 and Indianapolis metro Don't miss your chance to invest in a market on the rise.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Terry Young 765-335-1905,

    Red Bridge Real Estate

    Bought with:

    Ken Yoder

    Hoosier, REALTORS®

    Source: MIBOR as distributed by MLS GRID,MLS#: 22092698MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1

    Property

    Lot
    • Size: 5,227 sqft
    Details
    • Parcel number: 061131000001062002
    • Special conditions: As Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Quadruplex
    Condition
    • New construction: No
    • Year built: 1920

    Community & neighborhood

    Location
    • Region: Lebanon
    • Subdivision: Evans Addn

    Price history

    DateEventPrice
    4/10/2026Sold$251,100-3.4%
    Source: MIBOR as distributed by MLS GRID #22092698 Report a problem
    4/2/2026Pending sale$260,000
    Source: MIBOR as distributed by MLS GRID #22092698 Report a problem
    4/1/2026Listed for sale$260,000
    Source: MIBOR as distributed by MLS GRID #22092698 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,790 -7.2%$170,400 +24%
    2024$3,008 +5%$137,400 -5.6%
    2023$2,866 +0.4%$145,500 +3%
    2022$2,854 +0.2%$141,300 +4.9%
    2021$2,849 +4.5%$134,700
    2020$2,726 -6.4%$134,700
    2019$2,912 +3.3%$134,700
    2018$2,821 -4.5%$134,700 +2%
    2017$2,953 +4.5%$132,100
    2016$2,825 -3.3%$132,100 +1.4%
    2014$2,921 +1.6%$130,300
    2013$2,876 +4.4%$130,300 +2%
    2012$2,755 +16.1%$127,700 +18.1%
    2011$2,372 +9.7%$108,100
    2010$2,162 -0.3%$108,100
    2009$2,169 +6.7%$108,100
    2007$2,033 $108,100

    Find assessor info on the county website

    Neighborhood: 46052

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • 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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