507 S Pennsylvania Street Greenfield, IN $ 160,000
507 S Pennsylvania Street
$ 160,000
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507 S Pennsylvania Street

Greenfield, IN, 46140
$ 160,000
Baths0.0

Monthly Estimate*

$ 985

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Studio

Multi-Family Home for sale in Greenfield, IN

for $160,000. This home was built in 1900 on a lot size of 0.14.

Discover a remarkable investment opportunity in the heart of Greenfield, Indiana, at 507-509 S Pennsylvania St. This inviting home is poised for your finishing touches, setting the stage for a lucrative cash-flowing property. Unit 509 offers an impressive layout with 3 spacious bedrooms, 1 bathroom, and a versatile loft currently used as a 4th bedroom. You'll also find a living room, a kitchen/breakfast area, and an enclosed porch equipped with washer/dryer hookups. Currently, this unit is generating a steady income of $1,200 per month, with a lease in place until August 2026. While the kitchen floor needs some repairs and both the kitchen and bathroom could use a modern update, the potential here is undeniable. Unit 507, a 1-bedroom, 1-bathroom space, features an open living area combined with a kitchen and breakfast nook, alongside an enclosed porch with washer/dryer hookups. This unit presents an exciting opportunity for a complete renovation of the kitchen and bathroom, as well as fresh paint and flooring throughout, allowing you to customize it to your vision. With a new roof, furnaces, and water heaters already in place, this property is a solid investment and being sold As-Is.

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Multi-Family Active

Price

$ 160,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,900

Style

Traditional

Lot Size

0.14

Year Built

1900

Town/City

Greenfield

County/Region

Hancock

MLS | Web ID

22067691

Features
General
Heating Forced Air
Cooling Window Unit(s)
Possession Closing
Roof Shingle
Architectural Style Traditional
Construction Materials Vinyl Siding
Year Built 1900
Township Center
Levels Two
Property Subtype Duplex
Tax Year 2024
Current Use Residential
County Hancock
New Construction N
Property Type Residential Income
Subdivision Name No Subdivision
Status Active
Directions GPS Friendly
High School Greenfield-Central High School
City Greenfield
High School District Greenfield-Central Com Schools
Number Of Units Total 2
MLS Area 3005 - Hancock - Center
Lot Size Square Feet 6098
Middle/Junior High School Greenfield Central Junior High Sch
Structure Type Duplex
Standard Status Active
Tax Lot 5
Legal Description David S Gooding L5 Of O L3 & 4 Of Piersons 2nd
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Interior
Laundry Features Connections All
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Exterior
Lot Size Acres 0.14
Road Surface Type Asphalt
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* Excluded Features
List By
Keller Williams Indy Metro S

Broker

gloria@gearregroup.com

Email

Affordability Calculator

$1,227
Per Month
80%
20%
0%
Monthly Principal & Interest
$985
Monthly Property Taxes
$242
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044923 Elementary School
4052805 Middle School
Greenfield-Central High School High School
Pricing History
DatePricePrice ChangeDescription
10/13/2025$160,000 Listed Price

Map


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507 S Pennsylvania Street, Greenfield, IN, 46140 is a Multi-Family Home for sale at $160,000 with a lot size of 0.14. 507 S Pennsylvania Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 46140 which is in Greenfield, IN