T
Seller's Agent in 2026
Terry Young
Red Bridge Real Estate
(765) 335-1905
1 in this area
395 Total Sales
718 E Walnut St Lebanon, IN 46052
2
Beds
1
Bath
--
Sq Ft
5,401
Sq Ft Lot Lot
About This Home
As of April 2026Turnkey 5-Unit Investment Opportunity in Rapidly Growing Lebanon! Great opportunity to acquire a 5-unit multifamily property in one of Central Indiana's fastest-growing markets. This property features a strong unit mix of two 2-bedroom/1-bath units and three 1-bedroom/studio units, offering diverse rental income potential and broad tenant appeal. Located just minutes from the transformational LEAP District, this asset is positioned to benefit from the massive $9+ billion investment by Eli Lilly and Company, expected to bring thousands of jobs and drive long-term population growth and housing demand in the area. Lebanon is quickly emerging as a major employment hub with expanding infrastructure, new development, and increasing rental demand. This property offers investors the opportunity to get in ahead of continued appreciation and rent growth. Whether you're looking to stabilize and hold for cash flow or execute a value-add strategy, this asset provides strong upside potential in a supply-constrained rental market. Highlights: 5 total units (2 - 2BR units, 3 - 1BR/studio units) Strong rental demand with room for rent increases Located near major economic development corridor (LEAP District) Positioned for long-term appreciation and cash flow growth Easy access to I-65 and Indianapolis metro Don't miss your chance to invest in a market on the rise.
Last Agent to Sell the Property
Red Bridge Real Estate Brokerage Email: terry@redbridgerealestate.com License #RB23001645 Listed on: 04/01/2026
Last Buyer's Agent
Kenneth Yoder
Mark Dietel Realty, LLC
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,810
Year Built
- Built in 1920
Lot Details
- 5,401 Sq Ft Lot
Home Design
- Quadruplex
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Schools
- Lebanon Middle School
- Lebanon Senior High School
Community Details
- Evans Addn Subdivision
Listing and Financial Details
- Tax Lot 83
- Assessor Parcel Number 061131000001062002
- Seller Concessions Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2026
Closed on
Mar 11, 2026
Sold by
Taylor Phillip
Bought by
Simple Quarters Llc
Seller's Agent
Terry Young
Red Bridge Real Estate
Buyer's Agent
Kenneth Yoder
Mark Dietel Realty, LLC
List Price
$260,000
Sold Price
$251,100
Premium/Discount to List
-$8,900
-3.42%
Views
11
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-20.36%
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Home Values in the Area
Average Home Value in this Area
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Investors Title Service Inc |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/10/2026 04/10/26 | Sold | $251,100 | -3.4% | -- |
| 04/02/2026 04/02/26 | Pending | -- | -- | -- |
| 04/01/2026 04/01/26 | For Sale | $260,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Tax History
| 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 | $2,810 | $170,400 | $10,100 | $160,300 |
| 2024 | $2,810 | $137,400 | $10,100 | $127,300 |
| 2023 | $3,008 | $145,500 | $10,100 | $135,400 |
| 2022 | $2,886 | $141,300 | $10,100 | $131,200 |
| 2021 | $2,874 | $134,700 | $10,100 | $124,600 |
| 2020 | $2,869 | $134,700 | $10,100 | $124,600 |
| 2019 | $2,746 | $134,700 | $10,100 | $124,600 |
| 2018 | $2,932 | $134,700 | $10,100 | $124,600 |
| 2017 | $2,821 | $132,100 | $10,100 | $122,000 |
| 2016 | $2,953 | $132,100 | $10,100 | $122,000 |
| 2014 | $2,921 | $130,300 | $10,100 | $120,200 |
| 2013 | $2,876 | $130,300 | $10,100 | $120,200 |
Source: Public Records
Agents Affiliated with this Home
-
Terry Young
-
K
Buyer's Agent in 2026
Kenneth Yoder
Mark Dietel Realty, LLC
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22092698
APN: 06-11-31-000-001.062-002
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. Some IDX listings have been excluded from this website.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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