6-Unit Apartment
New
For Sale
$525,000
Pending
407 W Washington Street, Lebanon, IN 46052
Commercial Sale, Lebanon, IN
Property SizeContact for details
Lot Size0.14 Acres
Days on Market5
Property Features for 407 W Washington Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 6, Bedroom 9, Bedroom 8, Bathroom 4, Bedroom 7, Bedroom 5, Bathroom 3, Bedroom 6, Basement, Bedroom 2, Bathroom 5, Bedroom 3
Parking features
Alley
Basement
Unfinished
Lot features
Curbs, Sidewalks
Elementary school district
Lebanon Community School Corp
Middle school district
Lebanon Community School Corp
High school district
Lebanon Community School Corp
Directions
GPS Friendly
Subdivision
607 - Boone - Center
Standard status
Pending
APN
061036001031022002
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Smith Addition Blk 1 Pt Of Lots 1 & 2
Tax Annual Amount
6654
Legal Description
Smith Addition Blk 1 Pt Of Lots 1 & 2
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
in-unit washer/dryer hookups
off-street parking
Building Details
Year built
1920
Floors in Building
2
Number of units
6
Building materials
Stucco
Listing Agency:
Keller Williams Indpls Metro N · Keller Williams Realty
(317) 846-6300
Listed By:
Peter Stewart · License #RB15000083
(317) 450-9202
Added: Oct 9
Changed: Oct 12
Last Checked: Oct 13 at 3:06AM
MLS# 22130014
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.
This C-2-zoned apartment property contains six units in two buildings: a four-unit structure and a two-unit structure. Five apartments have been renovated, and each has individual HVAC equipment and private washer and dryer connections. The property also has off-street parking, a 2023 roof, and a 0.14-acre site. Built in 1920, the buildings are constructed with stucco.
The property is two blocks from downtown shops and dining, with I-65 about five minutes away. It is also located in the area identified as the LEAP Innovation District. The unit count, separate buildings, and in-unit laundry connections define the property's physical configuration.
The property is two blocks from downtown shops and dining, with I-65 about five minutes away. It is also located in the area identified as the LEAP Innovation District. The unit count, separate buildings, and in-unit laundry connections define the property's physical configuration.
Key Highlights
- Six apartments across two buildings: one with four units and one with two
- Five units have been renovated
- Private washer and dryer hookups in all six units
Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
Explore this area
Business Placement
Demographics for 46052, IN
22,783
Population
9,935
Households
2.3
Avg Household Size
41
Median Age
26%
College-Educated
90%
High-School Grad
177.6 sq mi
ZIP Area
128
Density / Sq Mi
$66,828
Median Household Income
$43,933
Median Earnings
$911
Median Rent
$200,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Private washer and dryer connections serve each residence across two separate buildings.
Where is this apartment building located?
The property is located at 407 W Washington Street Lebanon, IN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Six apartments across two buildings: one with four units and one with two; Five units have been renovated; Private washer and dryer hookups in all six units
