NOT LISTED FOR SALE

514 E Washington St Lebanon, IN 46052

Estimated Value: $403,382

8 Beds
5 Baths
4,692 Sq Ft
$86/Sq Ft Est. Value

Sale Details

Date Sold: November 10, 2025

Last sale price $399,000 $85 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,767 / mo

32 Days on Market

Highlights

  • Corner Lot
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Lebanon Senior High School Rated 9+

About This Home

As of November 2025

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, and one of the 2 bedroom units, 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.

Last Agent to Sell the Property

Lynda Lambert

Traditions Realty, LLC License #RB14044910 Listed on: 08/28/2025

Co-Listed By

John Bradley

Traditions Realty, LLC License #RB14044892

Last Buyer's Agent

Peter Stewart

Peter Stewart Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,664

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Corner Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Triplex
  • Block Foundation
  • Aluminum Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Washer and Dryer Hookup
  • Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Schools

  • Central Elementary School
  • Lebanon Middle School
  • Lebanon Senior High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Richardson Longley Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, insurance
  • The owner pays for insurance, taxes
  • Tax Lot 1
  • Assessor Parcel Number 061131000319000002
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,664

Year Built

Built in 1900

Lot Details

9,583 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Triplex
  • Architectural Style: Other
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1900
  • Co List Office Phone: 765-482-4666
  • Lot Size Acres: 0.22
  • Road Frontage Type: City Street
  • Road Surface Type: Concrete
  • Structure Type: Triplex
  • Subdivision Name: Richardson Longley
  • Transaction Type: Sale
  • Website: www.mytraditionsrealty.com
  • Conversion: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Owner Pays: Insurance, Taxes
  • Possible Use: Apt<20
  • Gross Area Sq Ft: 5117

Exterior Features

  • Roof: Asphalt
  • Construction Materials: Aluminum Siding, Vinyl Siding
  • Direction Faces: South
  • Foundation Details: Concrete Perimeter, Block
  • Road Access: Frontage Road

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Attached
  • Unit Parking: 1 Car Garage,On Street,Paved Area,Unpaved

Utilities

  • Cooling: Central Air
  • Heating: Electric, Forced Air, Natural Gas
  • Laundry Features: Connections All
  • Security Features: Smoke Detector(s)
  • Solid Waste: Yes

Schools

  • Middle Or Junior School: Lebanon Middle School

Lot Info

  • Lot Features: Access, Corner Lot
  • Current Use: Apt<20
  • Lot Size Sq Ft: 9583
  • Parcel Number: 061131000319000002
  • Acres: <1/4 Acre

Rental Info

  • Tenant Pays: All Utilities, Insurance

Tax Info

  • Tax Annual Amount: 7664
  • Tax Lot: 1
  • Semi Annual Property Tax Amt: 3832
  • Tax Exemption: None

MLS Schools

  • Elementary School: Central Elementary School
  • High School: Lebanon Senior High School

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2025
Closed on
Oct 29, 2025
Sold by
Bought by
Seller's Agent
Lynda Lambert
Traditions Realty, LLC
Buyer's Agent
Peter Stewart
Peter Stewart Realty LLC
List Price
$399,000
Sold Price
$399,000
Views
32
Current Estimated Value
$403,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,382
Avg. Annual Appreciation
2.87%

Purchase Details

Listed on
Mar 10, 2022
Closed on
Apr 7, 2022
Sold by
Bought by
Seller's Agent
Joshua Vida
Paradigm Realty Solutions
Buyer's Agent
Emily Huskey
Keller Williams Indy Metro W
List Price
$350,000
Sold Price
$355,000
Premium/Discount to List
$5,000
1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.30%

Purchase Details

Closed on
Mar 29, 2021
Sold by
Bought by

Purchase Details

Closed on
Nov 8, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,632
Interest Rate
0.047%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2013
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$399,000 --
$355,000 Meridian Title Corporation
$125,000 Meridian Title
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $73,632
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/10/2025 11/10/25 Sold $399,000 0.0% $85 / Sq Ft
09/29/2025 09/29/25 Pending -- -- --
08/28/2025 08/28/25 For Sale $399,000 +12.4% $85 / Sq Ft
04/07/2022 04/07/22 Sold $355,000 +1.4% $76 / Sq Ft View Prior Sale
03/11/2022 03/11/22 Pending -- -- --
03/10/2022 03/10/22 For Sale $350,000 -- $75 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,053 $396,600 $19,900 $376,700
2024 $7,664 $376,400 $19,900 $356,500
2023 $7,303 $353,200 $19,900 $333,300
2022 $4,612 $226,400 $19,900 $206,500
2021 $2,726 $186,800 $19,900 $166,900
2020 $2,622 $181,400 $19,900 $161,500
2019 $2,448 $177,300 $19,900 $157,400
2018 $2,916 $193,900 $19,900 $174,000
2017 $2,593 $179,200 $19,900 $159,300
2016 $2,687 $177,500 $19,900 $157,600
2014 $2,843 $185,400 $19,900 $165,500
2013 $2,792 $185,400 $19,900 $165,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22059157

MIBOR Broker Listing Cooperative®

APN: 06-11-31-000-319.000-002

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