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Renovated Duplex with Porches
For Sale
$196,000

339 E Washington Street, Greensburg, IN 47240

Residential Income, Greensburg, IN

Property SizeContact for details
Lot Size0.15 Acres
Days on Market78

Property Features for 339 E Washington Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning B1
Rooms Basement
Subdivision Greensburg
Lot features Access, Curbs, Sidewalks, Storm Sewer, Street Lights
Elementary school district Greensburg Community Schools
Middle school district Greensburg Community Schools
High school district Greensburg Community Schools
Directions From downtown Greensburg IN, go E on Main St. to Left on Lincoln St to left on Washington St to home on left. Sign in yard.
Standard status Active
APN 161102440052010016
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 40'-160' Se 1/4 2-10-9.
Legal Description 40'-160' Se 1/4 2-10-9.

Utilities

Cooling system Separate Meters

Building Details

Year built 1920
Floors in Building 2
Number of units 2
Building materials Vinyl Siding
Architectural style Other
Listing Agency: Lohmiller Real Estate
Listed By: Linda Greiwe · License #RB14028414
Added: Jun 18 Changed: Sep 1 Last Checked: Sep 3 at 1:06PM
MLS# 22108970

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1920, this two-unit property includes a one-bedroom, one-bath lower residence and an upstairs two-bedroom, one-bath unit. The lower unit has undergone a complete renovation, while the building features vinyl siding installed in 2020, a newer roof, and covered front and rear porches with wood decking. Both units are leased, providing an existing rental configuration.

The property sits at 339 E Washington Street in Greensburg, within walking distance of downtown. B1 zoning supports the current residential arrangement and allows the lower unit to be used for business purposes. The rear deck includes a loading dock, and flood insurance is required. The parcel contains 0.15 acres.

Key Highlights

  • Two‑unit property with a 1‑bedroom, 1‑bath lower unit and 2‑bedroom, 1‑bath upper unit
  • Lower unit completely renovated; both units currently rented
  • B1 zoning permits the lower unit to serve as a business or residential rental

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Carpet & Flooring Store (Bike/Boat/Book/etc) Store Barber Shop Catering Service Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

670
Businesses Nearby

Demographics for 47240, IN

21,940
Population
9,565
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
91%
High-School Grad
303.5 sq mi
ZIP Area
72
Density / Sq Mi
$74,373
Median Household Income
$46,430
Median Earnings
$830
Median Rent
$201,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - B1-zoned duplex with two leased units, covered porches, and flexible lower-level use.
Where is this duplex located?
The property is located at 339 E Washington Street Greensburg, IN.
What is the asking price?
The asking price for this property is $196,000.
What are key features of this property?
This property features: Two‑unit property with a 1‑bedroom, 1‑bath lower unit and 2‑bedroom, 1‑bath upper unit; Lower unit completely renovated; both units currently rented; B1 zoning permits the lower unit to serve as a business or residential rental
More about this property
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