507 S Pennsylvania Street, Greenfield, IN 46140

Property Description

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.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 7:17AM

Listing Office:

Keller Williams Indy Metro S : 317-750-4998

Listing Agent:

Gloria Gear : 317-750-4998

MLS ID:

22067691

Interior

• Laundry: Connections All
• A/C: Window Unit(s)
• Heating: Forced Air

Exterior

• Style: Traditional

Construction

• Roofing: Shingle
• General: Two

Location

• Road/Access: Asphalt
• Originating MLS: mibor
• School District: Greenfield-Central Com Schools
• County: Hancock

Lot

• Zoning: David S Gooding L5 Of O L3 & 4 Of Piersons 2nd301105109003000009
• Current Use: Residential

Financial

• Source: mibor