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507 S Pennsylvania Street, Greenfield, IN 46140

No Subdivision · Hancock County

Key Facts

1900Year Built
0.14Lot (acres)

Description

Discover a remarkable investment opportunity in the heart of Greenfield, Indiana, at 507-509 S Pennsylvania St. This inviting home is poised for your finishing touches, setting the stage for a lucrative cash-flowing property. Unit 509 offers an impressive layout with 3 spacious bedrooms, 1 bathroom, and a versatile loft currently used as a 4th bedroom. You'll also find a living room, a kitchen/breakfast area, and an enclosed porch equipped with washer/dryer hookups. Currently, this unit is generating a steady income of $1,200 per month, with a lease in place until August 2026. While the kitchen floor needs some repairs and both the kitchen and bathroom could use a modern update, the potential here is undeniable. Unit 507, a 1-bedroom, 1-bathroom space, features an open living area combined with a kitchen and breakfast nook, alongside an enclosed porch with washer/dryer hookups. This unit presents an exciting opportunity for a complete renovation of the kitchen and bathroom, as well as fresh paint and flooring throughout, allowing you to customize it to your vision. With a new roof, furnaces, and water heaters already in place, this property is a solid investment and being sold As-Is.

Property Information

Property Type

Residential Income

Sub-Type

Duplex

Structure Type

Duplex

Year Built

1900

Lot Size

0.14 acres

Days on Market

243

MLS® Listing#

22067691

Property Features

Cooling

Window Unit(s)

Heating

Forced Air

Parking

On Street

Construction

Vinyl Siding

Roof

Shingle

Schools

Middle:
Greenfield Central Junior High Sch
High:
Greenfield-Central High School

Financial Details

Parcel Number

301105109003000009

Directions

GPS Friendly

Affordability Calculator

$30,000

Estimated monthly payment

$798/mo

Principal $120,000 · Est. interest $167,411 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Greenfield, IN

$327,928
Median Listing Price
48
Median Days on Market
2,065
Median Sq Ft
$161
Median Price / Sq Ft
166
Active Listings
  • This home’s price is 54% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Greenfield, IN.

Location

Map showing the location of 507 S Pennsylvania Street, Greenfield, IN 46140

Points of Interest in Greenfield, IN

Showing the Greenfield area map.

Nearby Schools

  • Greenfield Central School Foundation

    Secondary · 0.4 mi away

  • Greenfield Intermediate School

    Secondary · 0.9 mi away

  • Harris Elementary School

    Elementary · 0.9 mi away

  • Greenfield High School

    Secondary · 1.0 mi away

  • Weston Elementary School

    Elementary · 1.1 mi away

  • PJ's College of Cosmetology

    Secondary School · 1.2 mi away

  • St Michael's Catholic School

    School · 1.3 mi away

  • Greenfield Central Junior High School

    Secondary · 2.0 mi away

  • JB Stephens Elementary School

    Elementary · 2.2 mi away

  • Brandywine Elementary School

    Elementary · 3.9 mi away

  • Maxwell Intermediate School

    Secondary · 5.4 mi away

  • Doe Creek Middle School

    Elementary · 7.4 mi away

  • New Palestine High School

    Secondary · 7.6 mi away

  • New Palestine Junior High

    Secondary · 7.8 mi away

  • Sugar Creek Elementary

    Elementary · 7.8 mi away

  • Comm. School Corp. of Southern Hancock County

    School · 7.9 mi away

  • New Palestine Elementary School

    Elementary · 7.9 mi away

  • Mt Comfort Elementary School

    Elementary · 8.2 mi away

  • Morristown Elementary School

    Elementary · 8.2 mi away

  • Morristown High School

    Secondary · 8.3 mi away

Commute Calculator

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Moving Cost Estimate

EXIT Agents in Greenfield

Listing Courtesy: Keller Williams Indy Metro Partners - gloria@gearregroup.com

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Last Updated: 2025-10-13

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Data provided by MIBOR. MLS® Listing#22067691. © 2026EXIT Realty®. All rights reserved.