718 E Walnut St

Lebanon
, IN, 
Indianapolis, IN, 
46052
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Price

$

290,000

Bedrooms
4
Beds
Bathrooms
5
Bathroom
Size sq ft
1506
sq ft
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More details

Property Type
Multifamily
Neighbourhood
Bed / Bath
4
5
 bath
Square Feet
1506
Year Built
1920
Lot Size
45X120
Garage
None
Basement
ARV
$525K @ $105K per unit avg price
Rent Rate
$2,611/mo w/in 0.92 mi radius

Overview

Turnkey 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.

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