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321 W Washington St

15 Unit Apartment Building $450,000 ($30,000/Unit) 8.60% Cap Rate Lebanon, IN 46052

Executive Summary

Great investment opportunity in the heart of downtown Lebanon, IN. 5 clean and well maintained 1 bedroom units. 3 units on lower level and 2 up. Cap rate 8.6%. Eli Lilly expansion in Lebanon is under construction.

Attachments

Report-10

Property Facts

Price $450,000
Price Per Unit $30,000
Sale Type Investment
Cap Rate 8.60%
No. Units 15
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 4,302 SF
Average Occupancy 100%
No. Stories 2
Year Built 1920
Opportunity Zone Yes

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 $800.00 650
1+1 2 $700.00 600
1+1 3 $800.00 550
1+1 4 $800.00 550
1+1 5 $800.00 600
Walk Score®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-10-36-014-017.111-002
Land Assessment
$13,200
Improvements Assessment
$281,100
Total Assessment
$294,300

zoning

Zoning Code ZO01
ZO01
  • Listing ID: 34414186

  • Date on Market: 1/8/2025

  • Last Updated:

  • Address: 321 W Washington St, Lebanon, IN 46052

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