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Renovation-Ready Duplex Property

507 S Pennsylvania Street Greenfield, IN 46140

507 S Pennsylvania Street, Greenfield, IN, 46140
$150,000
For Sale
$150,000

MULTI_FAMILY - Other - Greenfield, IN

Lot Size0.14 Acres
Days on Market278

Property Features for 507 S Pennsylvania Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
APN
301105109003000009
Lot size
0.14 Acres

Taxes and HOA fees

Tax Year
2024
Tax Description
David S Gooding L5 Of O L3 & 4 Of Piersons 2nd

Utilities

Heating system
Forced Air
Cooling system
Window Unit(s)

Building Details

Year built
1900
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency Keller Williams Indy Metro S
Kingston St Ste 100 8102, Avon, IN
Listed by Gloria Gear · License #RB16001575
Added: Oct 13, 2025 Checked: Jul 17 at 3:06 pm
MLS# 22067691 Listing URL

Copyright © 2026 MIBOR Service Corporation. 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.

This duplex includes two separate units at 507 and 509 S Pennsylvania Street. Unit 509 features three bedrooms plus a loft used as a fourth bedroom, along with one bathroom, a living room, a kitchen/breakfast area, and an enclosed porch with washer/dryer hookups. The kitchen floor requires repairs, and both the kitchen and bathroom could use updates. Unit 507 offers one bedroom and one bathroom with an open living area that combines with the kitchen and breakfast nook, plus an enclosed porch with washer/dryer hookups; it presents a renovation opportunity for the kitchen and bathroom, along with fresh paint and flooring.

Unit 509 is currently generating $1,200 per month and has a lease in place through August 2026. The property is being sold As-Is.

For buyers seeking a duplex with defined unit separation and in-unit washer/dryer hookups, this layout can support a range of renovation strategies while retaining existing tenancy in Unit 509. With a new roof, furnaces, and water heaters already in place, the scope appears focused on interior finishes and select kitchen-related repairs and updates. The enclosed porches provide additional covered space for each unit’s daily use.

Key Highlights

  • Two‑unit property at 507‑509 S Pennsylvania St, Greenfield, IN
  • Unit 509: 3 bedrooms plus loft (used as 4th bedroom), 1 bathroom, enclosed porch with washer/dryer hookups
  • Unit 509 current income: $1,200/month with a lease in place until August 2026

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Parking Lot & Garage Pharmacy Dental Office Grocery & Convenience Store Locksmith Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Catering Service Butcher

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex with two units, one leased through August 2026, offering enclosed porches with washer/dryer hookups.
Where is this duplex located?
The property is located at 507 S Pennsylvania Street Greenfield, IN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑unit property at 507‑509 S Pennsylvania St, Greenfield, IN; Unit 509: 3 bedrooms plus loft (used as 4th bedroom), 1 bathroom, enclosed porch with washer/dryer hookups; Unit 509 current income: $1,200/month with a lease in place until August 2026
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