718 E  Walnut St, Lebanon, IN 46052
Property image
Property image
SOLD
APR 10, 2026

$251,100

Last sold price
  • 2 Beds
  • 1 Bath

718 E Walnut St, Lebanon, IN 46052

Est. Refi. Payment $1,593/mo*
Refinance Your Home
Currently Off Market - Sold Apr 10, 2026 for $251,100 (3% below list price)

Home Value

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Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.42
Multi-Family Home
$283,775
02/09/26
5
3
-
0.94
Multi-Family Home
$110,000
03/17/26
2
1
-
0.56
Multi-Family Home
$399,000
11/10/25
8
5
-
6.91
Multi-Family Home
$210,000
10/03/25
4
2
-
6.80
Multi-Family Home
$288,000
09/03/26
5
3
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.06
$305,500
3
2
1,552
Off Market
0.07
$315,000
3
2
1,583
Recently Sold
0.07
$252,200
3
2.5
1,492
Off Market
0.09
$256,900
3
2
2,187
Off Market
0.08
$232,500
2
1.5
997
Off Market
0.07
$338,600
3
2
1,583
Off Market
0.10
$212,900
3
2
1,458
Off Market
0.08
$202,900
3
1
1,004
Off Market
0.08
$305,500
3
2
1,552
Off Market
0.11
$209,900
3
1
2,066
Off Market
0.11
$230,000
3
1.5
1,092
Off Market

Local Information

  • Map ViewExplore the area around 718 E Walnut St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1920

About this House

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.
718 E Walnut St, Lebanon, IN 46052 is a 2 bedroom, 1 bathroom multi-family built in 1920. It last sold for $251,100 on Apr 10, 2026 (3% below the $260,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate rent is $1,299/month.
Last check for updates: about 19 hours ago
Listed by Terry Young, (765) 335-1905
Red Bridge Real Estate
Bought with: Ken Yoder, Hoosier, REALTORSยฎ
Source: MIBOR as distributed by MLS GRID, MLS#22092698

Home Details for 718 E Walnut St

Active Status

MLS Status: Sold

Interior Features

Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1

Exterior Features

Frontage
Road Frontage: Access Rd

Days on Market

Cumulative Days on Market: 2

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family, Quadruplex
Building
Not a New Construction
Property Information
Parcel Number: 061131000001062002

Price & Status

Price
List Price: $260,000
Status Change & Dates
Off Market Date: Thu Apr 02 2026Possession Timing: Close Of Escrow

Location

Direction & Address
City: LebanonCommunity: Evans Addn
School Information
Jr High / Middle School: Lebanon Middle SchoolHigh School: Lebanon Senior High SchoolHigh School District: Lebanon Community School Corp

Lot Information

Lot Area: 5227.2 sqft

Listing Info

Special Conditions: As Is

Miscellaneous

Mls Number: 22092698

Price and Tax history

DateEventPrice
Apr 10, 2026
Source: MIBOR as distributed by MLS GRID #22092698
Sold
$251,100
Apr 2, 2026
Source: MIBOR as distributed by MLS GRID #22092698
Pending
$260,000
Apr 1, 2026
Source: MIBOR as distributed by MLS GRID #22092698
Listed For Sale
$260,000

Market trends in Lebanon

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$287K
$14.67K
MoM
Sale-to-List Price
98.9%
0.1%
MoM
Price per sq ft
$175
$2
MoM
Available listings
89
9
MoM

What Locals Say about Lebanon

At least 103 Trulia users voted on each feature.
  • 86 % Say parking is easy

  • 84 % Say car is needed

  • 84 % Say there are sidewalks

  • 83 % Say it's dog friendly

  • 82 % Say yards are well-kept

  • 78 % Say kids play outside

  • 73 % Say there's holiday spirit

  • 67 % Say people would walk alone at night

  • 54 % Say streets are well-lit

  • 50 % Say neighbors are friendly

  • 49 % Say they plan to stay for at least 5 years

  • 47 % Say it's walkable to restaurants

  • 47 % Say it's quiet

  • 46 % Say it's walkable to grocery stores

  • 33 % Say there's wildlife

  • 29 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Kxdn74yd6n
    "Iโ€™ve lived here for 30 years and mostly everyone is friendly and kind. There isnโ€™t much to do in the town but itโ€™s still a great town."
  • Alisha
    "I lived there for 5 years. Family friendly in most spaces. Too many bars. Schools need some improvement. "
  • Queentina5574
    "I was raise here and after 30 years have came back home to a welcoming friendly community. This is a great safe community to raise children and to grow up in. The since of family and unity is strong and inviting to new comers."
  • Teresa
    "My daughter and grandkids have lived in this area for 18 years .everyone is friendly and look out for each other "
  • Homer.nevins
    "The school system is not the greatest. Yes, they teach the criteria that is needed for students to learn; but most of the questions on their larger state tests are different from what theyโ€™ve been learning. Also, punishment is not given to the max, as it should be."
  • Robinrschutte
    "Great new well maintained members-only dog park. Good location and adequate size. So far itโ€™s met all my expectations. "
  • Crafttorelax
    "For purposes of my activities I do not experience major difficulties when I commute within the city."
  • Rene.ruiz.0777
    "The Friendly City Is True To Lebanon's Slogan, However It's Not As Clean As When I Was Coming Up. We Should Have A City Clean Up Once A Month. "
  • Bettylowe478
    "this is an older neighborhood but quite most of the time. not everyone takes c as re of homes. wish they would "
  • Kristen R.
    "Nice sidewalks for easy walking, and we are in close proximity to the walking trail. Itโ€™s normal to see a lot of people walking their dogs, or just walking or running in the morning or evening. "
  • Kayla d. 3.
    "great area for families. most have dogs and small children in the neighborhood. the is a pond and trail through our wooded areas"
  • Lisa H.
    "I lived in Lebanon all my life until college. Great little town where everyone knows everyone and very friendly. The city is a "sleepy" city, but it is still a great place to live."
  • Titusrules
    "It is welcoming. Hoa does a wonderful job. Common grounds are always kept up. Neighbors are caring but not too involved. "
  • Samantha H.
    "I have lived in this neighborhood for 4 years and I really enjoy it. It is quite for the most part and neighbors are friendly. "
  • walkers
    "Lebanon has been declared the cleanest city in Indiana. There are two large parks, including Memorial Park, which hosts two full-sized basketball courts, multiple pay apparatuses, and the newly built water park. The water park has two large slides, zero-depth entry, lazy river, splash area for small children, youth-sized water playground, wave pool, locker rooms, umbrellas, and concessions. Lebanon also has a movie theater in town, multiple restaurants, including BW3s, Arni's, and local bbq at Parky's, groceries, convenience stores, drug stores, and supermarkets. Sidewalks connect the city together for incredible walkability. Lebanon Community Schools were graded A by the state in 2014. The community hosts numerous events throughout the year, including the Boone County Fair, Fourth of July events, parade, and fireworks, and the Back to the Fifties Festival. It's a great place for families, young couples, and retirees. The people are friendly, there are many ways to get involved in the community, and the amenities are plentiful."

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-20 18:18:03 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

Frequently asked questions about 718 E Walnut St

  • What is the price history for 718 E Walnut St?
    718 E Walnut St in Lebanon, IN last sold for $251,100 in April 2026.
  • Is Lebanon a buyer's or seller's market?
    Lebanon is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Lebanon?
    The median sale price in Lebanon is $287K. That is down $14.67K from the prior month.
  • What do residents say about Lebanon?
    Residents describe Lebanon, IN as easy to park in, pedestrian-friendly, and dog-friendly. See recently sold homes in Lebanon, IN.

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