• Property Type
  • Single Family Residence, Residential
  • 2
  • Bedrooms
  • 1
  • Bathroom
  • 2
  • Garages
  • 1260 Sqft
  • Area Size
507 N Park Street, Lebanon, IN 46052
  • $240,000
  • $240,000

Description

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.

  • Address: 507 N Park Street
  • City: Lebanon
  • State/county: IN
  • Zip/Postal Code: 46052
  • Area: No Subdivision

Details

Updated on November 26, 2025 at 10:12 pm
  • Property ID 22069051
  • Price $240,000
  • Property Size 1260 Sqft
  • Land Area 0.29 Acres
  • Bedrooms 2
  • Rooms 6
  • Bathroom 1
  • Garages 2
  • Garage Size x x
  • Year Built 1940
  • Property Type Single Family Residence, Residential
  • Property Status Expired

Additional details

  • Cooling Central Air
  • Heating Natural Gas
  • County Boone
  • Property Type Residential
  • Parking Detached
  • Middle School Lebanon Middle School
  • High School Lebanon Senior High School
  • Architectural Style Traditional

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Contact Information

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Preeti Chaggar

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