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$240,000
4 Days On Site

507 N Park Street
Lebanon, IN 46052

For Sale|Single Family Residence|Active
2
Beds
1
Total Bath
1
Full Bath
840
SqFt
$286
/SqFt
1940
Built
Subdivision:
No Subdivision
County:
Boone
Listing courtesy of Ever Real Estate, LLC 3176793985

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317-590-4074
507 N Park Street507 N Park Street507 N Park Street507 N Park Street
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Monthly Payment (Est.)

$1,095
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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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Listing Snapshot
Price 
$240,000
Days On Site 
4 Days
Bedrooms 
2
Inside Area (SqFt) 
840 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
0.29 Acres
Year Built 
1940
MLS® Number 
22069051
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
5 days agoListing first seen on site
5 days agoListing updated with changes from the MLS®
General Features
Acres 
0.29
Foundation 
Block
Garage 
Yes
Garage Spaces 
2
Levels 
One
Parking 
Detached
Property Sub Type 
Single Family Residence
SqFt Total 
1260
Style 
Traditional
Water Source 
Public
Interior Features
Appliances 
Electric OvenRefrigerator
Basement 
Partial
Cooling 
Central Air
Heating 
Natural Gas
Main Level Bedrooms 
2
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Exterior Features
Construction Details 
Aluminum Siding
Patio And Porch 
Covered
Community Features
Horse Property 
None
MLS Area 
607 - Boone - Center
School District 
Lebanon Community School Corp
Township 
Center
Schools
School District
Lebanon Community School Corp
Elementary School
Unknown
Middle School
Lebanon Middle School
High School
Lebanon Senior High School
Listing courtesy of Ever Real Estate, LLC 3176793985



Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. 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 is believed to be reliable but is not guaranteed and should be independently verified.

Based on information submitted to the MLS GRID as of 2025-10-27 03:51 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright © 2025 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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