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$240,000 -

507 N Park Street Lebanon IN 46052

2
Bedrooms
1
Baths
N/A
SQ. Feet
(Above Ground)
0.29
Acres

Charming 2-Bedroom, 1-Bath Bungalow with Strong Cash Flow - Lebanon, IN Charming 2-bedroom, 1-bath bungalow in the heart of Lebanon, filled with classic character and abundant natural light. The home features original hardwood floors, neutral finishes, and a functional layout with a bright living area, practical kitchen, and utility space with laundry hookups. Spacious bedrooms provide comfort and ample storage. Situated on a generous double lot with a large, level backyard-perfect for gardening, play, or entertaining-and includes a detached garage for additional parking or storage. Conveniently located near downtown shops, dining, and parks. Investment Highlight: The property is currently tenant-occupied under a 24-month lease with approximately 20 months remaining. The tenant pays $1,680 per month, providing immediate, stable income and strong cash flow for the next owner. Tenants' rights apply.

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Property Details

Price: $240,000 Previously: $240,000 Originally: $240,000 Bedrooms: 2 Bathrooms: 1.00 MLS #: 22069051 Year Built: 1940 Township: Center Sq. Ft Total: 1,260 Type: Residential Zip Code: 46052 City: Lebanon Subdivision: No Subdivision County: Boone School District: Lebanon Community School Corp High School: Lebanon Senior High School Middle School: Lebanon Middle School

Interior Features

Interior Features:
  • Appliances: Electric Oven, Refrigerator
  • Cooling: Central Air
  • Heating: Natural Gas

Exterior Features

Exterior Features:
  • Features: Storage Shed
  • Setting / Lot Description: Curbs, Sidewalks
  • Porch: Covered
  • # Acres: 0.29

Listing Office: Ever Real Estate, Llc

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on October 26th, 2025 at 9:10pm EDT.

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