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All-Brick Ranch Duplex Opportunity

4305 E 550 S, Lebanon, IN 46052

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For Sale

$315,000

MULTI_FAMILY - Ranch - Lebanon, IN

Type:Single Family Residence

Lot size:

0.57 Acres

HighLights

All‑brick ranch duplex built in 1965 with one 2‑bed/1‑bath unit and one 3‑bed/1.5‑bath unit
2‑car attached garage with the 3‑bedroom, 1.5‑bath unit (4307 vacant; 4305 occupied through end of August)
Recent interior updates include new LVP flooring and fresh paint
4307 renovated bathroom with subway‑tiled tub/shower surround, new vanity, and fixtures
Recent systems work: 2 new water heaters, crawlspace overhaul with new vapor barrier, and buried downspout extensions
Well and septic updates include new chlorine injection system in the well and septic pumped within the last 2 years

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Jordan Moody

For Sale

$315,000

MULTI_FAMILY - Ranch - Lebanon, IN

Type:Single Family Residence

Lot size:

0.57 Acres

Added:: Jun 26, 2026
Days on Market:: 2
Last Refresh:: Jun 27 at 3:06 pm

Property Features for 4305 E 550 S

General Information

Property type: Residential Multi Family
Property subtype: Single Family Residence
Parking features: Assigned
Standard status: Active
APN: 060735000064000020
Lot size: 0.57 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: Falling Waters Lot 11 Whitelick / 552

Utilities

Heating system: Forced Air
Cooling system: Central Air

Building Details

Year built: 1965
Floors in Building: 1
Number of units: 2
Building materials: Brick
Roof type: Asphalt
Architectural style: Ranch

We can help!

Contact an agent

Jordan Moody

Listing agent Jordan Moody License #RB15001355

Listing office Keller Williams Indpls Metro N N Meridian St Ste 200 11595, Carmel, IN

Listing date Jun 26, 2026

MLS# 22110662 Listing URL

HighLights

All‑brick ranch duplex built in 1965 with one 2‑bed/1‑bath unit and one 3‑bed/1.5‑bath unit
2‑car attached garage with the 3‑bedroom, 1.5‑bath unit (4307 vacant; 4305 occupied through end of August)
Recent interior updates include new LVP flooring and fresh paint
4307 renovated bathroom with subway‑tiled tub/shower surround, new vanity, and fixtures
Recent systems work: 2 new water heaters, crawlspace overhaul with new vapor barrier, and buried downspout extensions
Well and septic updates include new chlorine injection system in the well and septic pumped within the last 2 years

Overview

This all-brick ranch duplex offers two separate living units under one property. Unit 4307 is a 2-bedroom, 1-bath home that is currently occupied by a tenant through the end of August. Unit 4305 features 3 bedrooms and 1.5 baths, and it includes an attached 2-car garage. Interior improvements include new LVP flooring and fresh paint throughout, along with a newly renovated bathroom in 4307 with a subway tiled tub/shower surround, new vanity, and new fixtures. Recent system and exterior work includes 2 new water heaters, a crawlspace overhaul with a new vapor barrier, buried downspout extensions, a newly installed chlorine injection system in the well, and septic pumping within the last 2 years.

Located at 4305 E 550 S in Lebanon, Indiana, the property sits on an approximately 0.57-acre lot. The listing notes quick access to the interstate, supporting convenient day-to-day commuting.

This setup can fit a range of owners, including investors seeking rental income and owner-occupants interested in living in one side while offsetting expenses with the other unit. With one unit occupied and the other move-in ready, the duplex provides a straightforward structure for occupancy planning and tenant-ready use.

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Local Demand

City: Lebanon
County: Boone
State: Indiana
Longitude: -86.387458
Latitude: 39.960039

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For sale
Duplexes
IN
Lebanon
46052
4305 E 550 S

What type of property is this?

Duplex - Two ranch units include a 2-bedroom tenant lease and a vacant 3-bedroom unit with an attached 2-car garage.

Where is this duplex located?

The property is located at 4305 E 550 S Lebanon, IN.

What is the asking price?

The asking price for this property is $315,000.

What are key features of this property?

This property features: All‑brick ranch duplex built in 1965 with one 2‑bed/1‑bath unit and one 3‑bed/1.5‑bath unit; 2‑car attached garage with the 3‑bedroom, 1.5‑bath unit (4307 vacant; 4305 occupied through end of August); Recent interior updates include new LVP flooring and fresh paint

4305 E 550 S, Lebanon, IN 46052

MULTI_FAMILY - Ranch - Lebanon, IN

Property Features for 4305 E 550 S

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Commercial Property in Lebanon, Indiana

Retail Space on Heavily Traveled Street

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