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    507 S Pennsylvania St Greenfield, IN 46140

    For Sale
    $160,000

    Traditional, Duplex - Greenfield, IN

    Type:Duplex
    Lot size:
    0.14 Acres
    Days on Market:
    56
    Last Refresh:
    Dec 7 at 5:06 am

    Property Features for 507 S Pennsylvania St

    General Information

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

    Utilities

    Heating system
    Forced Air
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    New Traditional

    Keller Williams Indy Metro West (317) 271-5959 [email protected]

    Listing agent Gloria Gear (317) 271-5959 License #RB16001575

    Listing date Oct 13, 2025

    MLS# 22067691 Listing URL

    Copyright © 2025 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.

    Overview

    Greenfield Duplex: Investment Opportunity

    Located in Greenfield, Indiana, the property at 507-509 S Pennsylvania St presents an investment opportunity. Unit 509 features 3 bedrooms, 1 bathroom, and a loft currently used as a 4th bedroom. It also includes a living room, a kitchen/breakfast area, and an enclosed porch with washer/dryer hookups. This unit is currently generating $1,200 per month with a lease in place until August 2026. The kitchen floor requires repairs, and both the kitchen and bathroom could benefit from updates. Unit 507 is a 1-bedroom, 1-bathroom space with an open living area combined with a kitchen and breakfast nook, and an enclosed porch with washer/dryer hookups. This unit offers the opportunity for a complete renovation of the kitchen and bathroom, along with fresh paint and flooring. The property has a new roof, furnaces, and water heaters. The lot size is 0.14 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Hancock
    State
    Indiana
    Longitude
    -85.770863
    Latitude
    39.780196

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    FAQs

    What type of property is this?
    Duplex - Duplex in Greenfield, Indiana, with income potential and renovation opportunity.
    Where is this duplex located?
    The property is located at 507 S Pennsylvania St Greenfield, IN.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: - Income-generating property: Unit 509 currently generates $1,200/month with a lease in place until August 2026.; - Unit 509 features **3 bedrooms, 1 bathroom, and a versatile loft** (used as a 4th bedroom).; - New roof, furnaces, and water heaters already installed.
    (317) 271-5959
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    Greenfield, IN 46140
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    507 S Pennsylvania St Greenfield, IN 46140
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