708 E Elm Street, Lebanon, IN 46052

• 3 beds |
• 2 baths |
• 2,404 sqft

Property Description

See for yourself the possibilities in this home. Could be a duplex w/income potential or could be a single family home as it is set up for both. Separate entrance on the back of home to upper level studio type apartment that could be used for a rental, a college student, in-law quarters, Airbnb, or whatever meets your needs. Newer Stairs & Deck for outdoor enjoyment lead into the studio apartment w/a huge newly finished room for living & sleeping space w/a new window & strong oak rafters. Separate area for the new kitchen/bath combo w/gas connection for oven/range.....just add appliances! If not used as an apartment, the interior stairs lead to the main floor living space. Front Entrance to the main level is via the large covered front porch & leads to the welcoming 30x13 family room w/a decorative fireplace & hardwood floors. Hardwoods flow from the family rm into the dining rm with 3 windows, & loads of natural light. Full kitchen w/stainless steel farm sink, dishwasher, refrigerator, & oven/range included. Bright Laundry w/2 windows, a glass door cabinet, 2 other cabinets for great storage, & washer/dryer stay. Long wide hallway w/hardwoods has entries to 2 main floor bedrooms w/hw floors & ample sized closets, the newly remodeled full bathroom w/subway tiled shower surround, the basement, & the back porch. If choosing not to rent the upper level & instead using the whole home, the upstairs studio area could become a primary suite or another huge area for entertainment. Driveway on left side of home leads to back yard that is privacy fenced & great for all! Basement has been professionally waterproofed w/a perimeter drain, sump pump w/battery back up, & has been encapsulated. Basement also has a separate entrance to the exterior. Plumbing is all new & HVAC has a new heat exchanger. Enjoy the many great places to shop and eat in quaint downtown Lebanon and the many other offerings of the town including the Eli Lilly expansion.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 9:18PM

Listing Office:

RE/MAX Centerstone : 317-339-4132

Listing Agent:

Lynn Geis : 317-339-4132

MLS ID:

22077230

Interior

• General: High CeilingsHardwood FloorsHi-Speed Internet AvailblIn-Law ArrangementWalk-In Closet(s)WoodWorkStain/Painted
• Appliances: DishwasherDryerElectric Water HeaterDisposalGas OvenRefrigeratorWasherWater Softener Owned
• Laundry: Main Level
• Basement: DaylightExterior EntryStorage SpaceUnfinished
• A/C: Central Air
• Heating: Forced AirNatural Gas

Exterior

• Style: Traditional
• Other Structures: DeckCovered

Construction

• General: TwoConcrete PerimeterBlock

Location

• Originating MLS: mibor
• School District: Lebanon Community School Corp
• County: Boone

Lot

• Zoning: News 2nd Addition Lot 35061131000109000002
• Fencing: Privacy

Utilities

• Utilities: Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
• Water: Public

Financial

• Source: mibor