Multi-Family Investment with Turnkey Income
We are excited to announce the successful sale of a profitable duplex investment located at 216 E Lincoln Street in Greenfield, Indiana. This multi-family property offered 2,326 square feet of thoughtfully designed living space across two rental units, providing immediate cash flow in a highly desirable neighborhood.
Built on a 0.22-acre lot, this 1.5-story duplex featured seven bedrooms and four bathrooms in total. Unit 1 rented for $950 per month, while Unit 2 brought in $775 per month, giving the new owner nearly turnkey income. With utilities paid by tenants, the property minimized ongoing expenses, making it an ideal investment for both first-time buyers and seasoned portfolio holders.
The duplex is located in a vibrant Greenfield neighborhood, offering convenient access to local amenities, dining, and shopping while maintaining a quiet residential feel. Its multi-family zoning provides flexibility for management strategies or future renovations, offering potential for rental growth or interior upgrades. Properties like this are increasingly rare in Greenfield’s competitive rental market.
Structurally, the home features wood framing, with a layout that maximizes livable space while maintaining a classic aesthetic. Investors can explore value-add improvements or optimize occupancy to enhance returns. This property represents the perfect combination of income stability and long-term appreciation potential.
From a financial perspective, the property had a history of reasonable taxes—$2,758 in 2023—with steady rental income supporting its profitability. For investors seeking small-scale multi-family assets in Greenfield, this sale highlights the ongoing demand for properties that balance affordability, location, and income generation.
Greenfield’s continued growth, combined with proximity to key employment centers and regional corridors, makes it a strategic location for rental investments. Properties such as this duplex provide both immediate income and the potential for long-term investment growth, making them a sought-after commodity in the market.
The successful sale of 216 E Lincoln Street underscores the strong investor interest in Greenfield’s multi-family sector. Congratulations to both buyer and seller for a smooth and efficient closing. If you’re considering selling a duplex or small multi-family property in Greenfield or Hamilton County, leveraging market expertise can help achieve optimal results.
