ESTABLISHED. INCOME-GENERATING. CONVENIENT. Fantastic investment opportunity featuring two rental units in a convenient in-town location! Unit 1 - offers TWO bedrooms and 1.5 bathrooms. The main level features an eat-in kitchen, half bath, and spacious living room. Upstairs, you will find two bedrooms, a full bath with a laundry area, and plenty of storage space. This unit also includes off-street parking, a garage, a covered front porch, and a covered back porch - perfect for relaxing or entertaining. Unit 2 - offers FOUR bedrooms and 1.5 bathrooms. The main level includes a kitchen, dining room, and a half bath with laundry on the main level, along with a comfortable living room and ONE bedroom. Upstairs, you’ll find THREE additional bedrooms and a full bath. Enjoy outdoor living with a covered front porch, covered back patio, and a one-car garage. Utilities are provided by: Duke Energy Indiana, Centerpoint Energy, and Bedford City Utilities. Both units are located close to local shops, restaurants, and grocery stores—making this property an excellent option for tenants seeking convenience and comfort. Please note, both units are tenant occupied and require 48 hours notice.
Closed
$175,000
722 & 724 Lincoln Ave, Bedford, IN 47421
6beds
3,632sqft
Multi Family
Built in 1900
-- sqft lot
$175,600 Zestimate®
$--/sqft
$1,162 Estimated rent
Home value
$175,600
$160,000 - $193,000
$1,162/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Natasha Johns 812-345-2795,
Williams Carpenter Realtors
Bought with:
Mironda Carpenter, RB14040469
Infinity Realty Solutions
Source: IRMLS,MLS#: 202540534
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Washer Hookup
Features
- Ceiling Fan(s), Laminate Counters, Eat-in Kitchen
- Flooring: Carpet, Wood
- Basement: Crawl Space
Interior area
- Total structure area: 4,224
- Total interior livable area: 3,632 sqft
- Finished area above ground: 3,632
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage, Gravel, Off Street, Off Street Parking
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch Covered
Lot
- Size: 8,319 Square Feet
- Dimensions: 60 x 150
- Features: Irregular Lot, City/Town/Suburb
Details
- Additional structures: None
- Parcel number: 470614502006.000010
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Duke Energy Indiana
- Gas: CenterPoint Energy
- Sewer: City
- Water: City, Bedford City Utilities
- Utilities for property: Cable Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: None
Location
- Region: Bedford
Financial & listing details
- Annual tax amount: $3,060
- Date on market: 10/7/2025
- Listing terms: Conventional
- Inclusions: Building
- Lease term: Month To Month
- Total actual rent: 25800
- Tenant pays: Cable TV, Cooling, Electricity, Sewer, Trash Collection, Water
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2025 | Sold | $175,000 |
Source:  IRMLS #202540534 Report a problem | ||
| 10/7/2025 | Listed for sale | $175,000 |
Source: IRMLS #202540534 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 47421
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Nearby schools
GreatSchools rating
- 5/10Lincoln Elementary SchoolGrades: K-6Distance: 1.2 mi
- 6/10Bedford Middle SchoolGrades: 7-8Distance: 0.7 mi
- 5/10Bedford-North Lawrence High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Parkview
- Middle: Bedford
- High: Bedford-North Lawrence
- District: North Lawrence Community Schools
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Indiana
- Lawrence County
- Bedford
- 47421
- 722 & 724 Lincoln Ave
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