Two-Unit Rental Property with
For Sale
$196,000
339 E Washington Street, Greensburg, IN 47240
MULTI_FAMILY - Other - Greensburg, IN
Property SizeContact for details
Lot Size0.15 Acres
Days on Market55
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
(812) 537-1023
Listed By:
Linda Greiwe · License #RB14028414
(513) 371-5440
Added: Jun 18
Last Checked: Aug 11 at 5:06PM
MLS# 22108970
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 two-unit rental property offers covered front and back porches with wood decks. The exterior includes new vinyl siding installed in 2020 and a newer roof. The lower unit was completely renovated and both units are currently rented. Layouts include a 1-bedroom, 1-bath lower unit and a 2-bedroom, 1-bath upper unit, giving flexibility for tenant demand across different household sizes.
Located at 339 E Washington Street in Greensburg, the property is described as within walking distance to downtown. Zoned B1, it can be used as a business or maintained as a residential rental. The back deck has a loading dock, and the property is covered by a flood insurance requirement, with the current policy costing a little over $1,500 per year.
For buyers or operators seeking a small income-producing duplex, the renovated lower unit and current occupancy support an easy starting point. The B1 zoning also broadens the discussion for a use that can accommodate either continuing residential rentals or a business concept that aligns with B1. Prospective tenants and buyers should factor in the flood insurance requirement when underwriting total operating costs.
Located at 339 E Washington Street in Greensburg, the property is described as within walking distance to downtown. Zoned B1, it can be used as a business or maintained as a residential rental. The back deck has a loading dock, and the property is covered by a flood insurance requirement, with the current policy costing a little over $1,500 per year.
For buyers or operators seeking a small income-producing duplex, the renovated lower unit and current occupancy support an easy starting point. The B1 zoning also broadens the discussion for a use that can accommodate either continuing residential rentals or a business concept that aligns with B1. Prospective tenants and buyers should factor in the flood insurance requirement when underwriting total operating costs.
Key Highlights
- 2‑unit rental property within walking distance to downtown Greensburg
- New vinyl siding (2020) and newer roof
- Lower unit: 1 bed/1 bath, fully renovated; both units are currently rented
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with renovated lower unit and covered porches, zoned B1 for business or residential 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: 2‑unit rental property within walking distance to downtown Greensburg; New vinyl siding (2020) and newer roof; Lower unit: 1 bed/1 bath, fully renovated; both units are currently rented
