507 N Park Street, Lebanon, IN 46052

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507 N Park Street,Lebanon, IN 46052
$240,000
  • 2 Beds
  • 1 Baths
  • 840 sq. ft.
  • Single family
  • Active
Listed by:brenda robidou
Office:ever real estate, llc.
MLS#:22069051
Source:IN_MIBOR

Price summary

  • Price:$240,000
  • Price per sq. ft.:$190.48

About this home

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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Home facts

  • Year built:1940
  • Listing ID #:22069051
  • Added:5 day(s) ago
  • Updated:October 28, 2025 at 04:46 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:840 sq. ft.

Heating and cooling

  • Cooling:Central Electric

Structure and exterior

  • Year built:1940
  • Building area:840 sq. ft.
  • Lot area:0.29 Acres

Schools

  • High school:Lebanon Senior High School
  • Middle school:Lebanon Middle School

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$240,000
  • Price per sq. ft.:$190.48
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