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507 N Park Street, 
Lebanon, IN 46052

$240,000

2

Beds

1

Bath

840

Sq Ft

Single Family

Active

Listed by

Brenda Robidou

Ever Real Estate, LLC.

317-513-2775

Last updated:

October 25, 2025, 03:41 AM

MLS#

22069051

Source:

IN MIBOR

About This Home

507 N Park Street

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.

Home Facts

Single Family

1 Bath

2 Bedrooms

Built in 1940

Price Summary

240,000

$285 per Sq. Ft.

MLS #:

22069051

Last Updated:

October 25, 2025, 03:41 AM

Added:

22 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

840 Sq. Ft.

Structure

Structure

Building Area:

1,260 Sq. Ft.

Year Built:

1940

Lot

Lot Size (Sq. Ft):

12,632

Finances & Disclosures

Finances

Price:

$240,000

Price per Sq. Ft:

$285 per Sq. Ft.

Source:IN MIBOR
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