# 507 S Pennsylvania Street, Greenfield, IN 46140

> **TL;DR:** multi-family, $160,000, built 1900. Est. $693/mo. Listed 179 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $160,000 |
| Year Built | 1900 |
| Lot Size | 6,098 sqft (0.14 acres) |
| Property Type | Multi-Family (Duplex) |
| Status | For Sale |
| Days on Market | 179 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $693 |
| **Total** | **$693** |

## Nearby Schools

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

## Property Highlights

- Built in 1900
- 0.14 acre lot

## Description

### Agent 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.

## Location

- **Address:** 507 S Pennsylvania Street, Greenfield, IN 46140
- **County:** Hancock
- **Neighborhood:** No Subdivision
- **Coordinates:** 39.780196, -85.770863
- **Google Maps:** https://www.google.com/maps?q=39.780196,-85.770863

## Listing Agent

- **Name:** Gloria Gear
- **Brokerage:** Keller Williams Indy Metro S
- **Phone:** 3172715959
- **Email:** gloria@gearregroup.com

## Primary Photo

![507 S Pennsylvania Street - Primary Photo](http://lh.rdcpix.com/c7781b56b518feb47187e4e787ae4df4l-f220626679r.jpg)

*23 total photos available on [listing page](https://www.propertysimple.com/listing/507-s-pennsylvania-street-greenfield-in-46140-22067691)*

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**MLS#:** 22067691 | **Updated:** 2026-04-26
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/507-s-pennsylvania-street-greenfield-in-46140-22067691)

---

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