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Lebanon, IN Multifamily Homes & Duplexes for Sale

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  • /9

    $399,000

    • 8 Beds
    • 5 Baths

    514 E Washington St, Lebanon, IN 46052

    Excellent Investment Opportunity! Updated triplex offering strong rental demand and steady income. Property features one spacious 4-bedroom unit and two 2-bedroom units. Four bedroom unit has 2 full baths. Major updates include new steel foundation beams (2025) and a new sewer main (2022), giving peace of mind to future owners. Conveniently located near downtown Lebanon with high rental demand.

    Lynda Lambert Traditions Realty, LLC

    514 E Washington St, Lebanon, IN 46052
  • /19

    $265,000

    • 4 Beds
    • 2 Baths

    Unlisted Address

    Duplex with a country view and 3 minutes from I65 at the CR 550 interchange. Both units are leased and have been continuously the past 2 years. Close to all the shopping in Anson and Whitestown. 15 minutes from Lebanon and Zionsville.

    Mike Kincaid Traditions Realty, LLC

    Unlisted Address

Why Live in Lebanon

Lebanon, Indiana, has evolved from a farm community to a growing small town with a blend of new construction and homes built in the early 20th century. Architectural styles in Lebanon include Cape Cod, minimal traditional, and ranch-style homes. Students in Lebanon can attend Lebanon High, which has a high rating and graduates 87 percent of its students, surpassing the state average. The downtown square, centered around the Boone County Courthouse, is a hub for dining and community events, such as the annual Christmas on the Square with its tree-lighting ceremony and parade. Dining options include the 1830 Chophouse, known for its fine-cut meats and Sunday Brunch Buffet, and Lebanon’s Westside Café, famous for its breaded pork tenderloin sandwich. For dessert, Donaldson’s Finer Chocolates offers a variety of truffles and barks. Memorial Park provides 40 acres of recreational activities, including the Seashore Waterpark, pickleball and basketball courts, a baseball facility, volleyball courts, and a walking path with a fitness station. The private Ulen Country Club features an 18-hole golf course and a clubhouse for dining. The Big 4 Trail, a recent addition, connects Lebanon to nearby towns like Thorntown, Whitestown, and Zionsville, offering plenty of things to do for residents and visitors alike.

Home Trends in Lebanon, IN

Housing Trends

Median Sale Price
$296,475
Median Single Family Sale Price
$315,511
Median Townhouse Sale Price
$289,900
Median 2 Bedroom Sale Price
$190,000
Average Price Per Sq Ft
$175
Number of Homes for Sale
49
Last 12 months Home Sales
305
Months of Supply
1.90
Median List Price
$325,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
5%
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