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321 W Washington St

15 Unit Block of Flats £360,675 (£24,045/Unit) 8.60% Net Initial Yield 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 £360,675 Building Class C
Price Per Unit £24,045 Lot Size 0.16 AC
Sale Type Investment Building Size 4,302 SF
Net Initial Yield 8.60% Average Occupancy 100%
No. Units 15 Number of Floors 2
Property Type Residential Year Built 1920
Property Subtype
Apartment
  • Multifamily Dormitory
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Low Rise
Price £360,675
Price Per Unit £24,045
Sale Type Investment
Net Initial Yield 8.60%
No. Units 15
Property Type Residential
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%
Number of Floors 2
Year Built 1920
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 1 £641.20 650
1+1 2 £561.05 600
1+1 3 £641.20 550
1+1 4 £641.20 550
1+1 5 £641.20 600
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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.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 06-10-36-014-017.111-002 Improvements Assessment £225,302
Land Assessment £10,580 Total Assessment £235,881

PROPERTY TAXES

Parcel Number
06-10-36-014-017.111-002
Land Assessment
£10,580
Improvements Assessment
£225,302
Total Assessment
£235,881

zoning

Zoning Code ZO01
ZO01
(317) 752-5826

Contact

  • Listing ID: 34414186

  • Date on Market: 08/01/2025

  • Last Updated:

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

The Residential Property at 321 W Washington St, Lebanon, IN 46052 is currently available for sale. Contact EasyStreet Realty for more information.

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© 2025 CoStar Group

321 W Washington St
(317) 752-5826 x

321 W Washington St

Ryan Radecki

(317) 752-5826

(317) 752-5826

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