718 E Walnut Street, Lebanon, IN 46052

Property Description

Turnkey 5-Unit Investment Opportunity in Rapidly Growing Lebanon! Great opportunity to acquire a 5-unit multifamily property in one of Central Indiana's fastest-growing markets. This property features a strong unit mix of two 2-bedroom/1-bath units and three 1-bedroom/studio units, offering diverse rental income potential and broad tenant appeal. Located just minutes from the transformational LEAP District, this asset is positioned to benefit from the massive $9+ billion investment by Eli Lilly and Company, expected to bring thousands of jobs and drive long-term population growth and housing demand in the area. Lebanon is quickly emerging as a major employment hub with expanding infrastructure, new development, and increasing rental demand. This property offers investors the opportunity to get in ahead of continued appreciation and rent growth. Whether you're looking to stabilize and hold for cash flow or execute a value-add strategy, this asset provides strong upside potential in a supply-constrained rental market. Highlights: 5 total units (2 - 2BR units, 3 - 1BR/studio units) Strong rental demand with room for rent increases Located near major economic development corridor (LEAP District) Positioned for long-term appreciation and cash flow growth Easy access to I-65 and Indianapolis metro Don't miss your chance to invest in a market on the rise.

Listing Status:

Pending

Data Last Updated:

April 3, 2026 at 3:20AM

Listing Office:

Red Bridge Real Estate : 765-335-1905

Listing Agent:

Terry Young : 765-335-1905

MLS ID:

22092698

Location

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

Lot

• Zoning: Evans 4th Addition Pt Of Lot 83 (45 X 120')061131000001062002
• Current Use: Residential

Financial

• Source: mibor