17-Unit Apartment
For Sale
$700,000
516 & 518 W Main St, Greensburg, IN 47240
Two addresses offer private bathrooms, paved rear parking, and remodeling work dating from 2022 to the present.
Property Size4,916 SF
Price / SF$142.39
Days on Market32
Property Features for 516 & 518 W Main St
General Information
Standard status
Active
Size
4,916 SF
Units
Unit Mix
2 x Kitchen & Livingroom/Bedroom Combo, 14 x efficiency, 1 x 2Bedroom Kit & Bath
Multifamily Units
17
Additional Details
Gross Income
$164,088
Building Details
Year Built
1900
Buildings
4
Listing Agency:
Lincoln Realty, Inc.
(812) 593-5988
Listed By:
Laurin Smith · License #RB14042781
Source:
Eveloteam
Added: Jul 31
Changed: Aug 29
Last Checked: Aug 30 at 7:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lincoln Realty, Inc.
Investment Insights
Based on property information with market context.
This apartment property at 516 and 518 W Main St contains 17 units across multiple buildings. The 518 address includes eight units: two with a kitchen and living room/bedroom combination, plus six efficiency units. Each unit has a private bathroom. The 516 address comprises three buildings, with one two-bedroom unit and two efficiencies in the front building, followed by six additional efficiency units in the rear buildings.
The property was built in 1900 and includes paved parking at the rear. Some remodeling has taken place from 2022 through the present, adding recent improvement activity across the property. The asset is located in Greensburg, Indiana, at two adjoining Main Street addresses.
The property was built in 1900 and includes paved parking at the rear. Some remodeling has taken place from 2022 through the present, adding recent improvement activity across the property. The asset is located in Greensburg, Indiana, at two adjoining Main Street addresses.
Key Highlights
- 17 total units across 516 and 518 W Main St
- 518 W Main St includes 8 units: 2 combination units and 6 efficiencies
- 516 W Main St includes 1 two‑bedroom unit and 8 efficiency units
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
484
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?
Apartment building - Two addresses offer private bathrooms, paved rear parking, and remodeling work dating from 2022 to the present.
Where is this apartment building located?
The property is located at 516 & 518 W Main St Greensburg, IN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 17 total units across 516 and 518 W Main St; 518 W Main St includes 8 units: 2 combination units and 6 efficiencies; 516 W Main St includes 1 two‑bedroom unit and 8 efficiency units
