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516 & 518 W Main Street

Greensburg, IN 47240

ActiveListed Nov 14, 2025 · 181 days on market

Key facts

Living area
4,916 sqft
Lot
0.3 acres
Year built
1900
Type
Commercial Sale · Multi Family
Stories
One
MLS #
22073536
County
Decatur
Total building area
4,916 sqft

About this home

INVESTMENT OPPORTUNITY Gross Rents are 164,088 yr Utilities are 39,220 yr. Taxes are 3,478 yr. Paved parking in back. Some remodeling in 2022 to current. 518 is 2,084 sf with 8 units, 2 have a Kitchen & Livingroom/Bedroom Combo & 6 are efficiency units. All have private bathrooms. 516 is 3 Buildings - The front building is 1- 2Bedroom Kit & Bath, 2 Efficiency units w/Baths. The buildings behind are all efficiency units with bathrooms x 6. 17 UNITS TOTAL.

Description provided by the listing brokerage.

Interior

Basement
Partial
Laundry
Common Laundry

Exterior

Roof
AsphaltShingle
Parking and garage
Asphalt

Systems

Heating
BaseboardElectric
Utilities
Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedSee Remarks

Lot and HOA

Lot features
CurbsNot In SubdivisionSidewalksStorm SewerStreet LightsSee Remarks
Zoning
family apartments 401

Schools

Elementary school
Greensburg Elementary
Middle school
Greensburg Community Jr High
High school
Greensburg Community High School
School district
Greensburg Community Schools

Taxes

Estimated annual tax
$3,864 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$4,096per month, estimated
Principal and interest $3,529Property tax $322Insurance $245
20% · $140,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$700,000
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