Lebanon Homes with Unfinished Basement

Lebanon Homes with Unfinished Basement

Welcome to Lebanon, Indiana, a charming city nestled in Boone County that perfectly blends small-town charm with modern convenience. Known for its friendly community and rich history, Lebanon is an ideal place for families, professionals, and anyone looking to enjoy a peaceful yet vibrant lifestyle. With easy access to major highways, you can enjoy a quick commute to Indianapolis while still relishing the tranquility of suburban living.

One of the standout features of homes in Lebanon is the availability of properties with unfinished basements. These versatile spaces offer endless potential for customization, whether you envision a cozy family room, a home gym, or an entertainment area for hosting friends and family. The unfinished basement serves as a blank canvas, allowing you to create the perfect environment tailored to your needs and lifestyle.

Lebanon is home to a variety of parks, recreational facilities, and local shops, ensuring that you’ll never run out of things to do. The community hosts numerous events throughout the year, fostering a strong sense of belonging among residents. With top-rated schools and a welcoming atmosphere, Lebanon is not just a place to live—it’s a place to thrive.

If you’re considering a move to Lebanon, Indiana, explore the wonderful homes available with unfinished basements. Embrace the opportunity to create your dream space while enjoying all the benefits this delightful city has to offer. Your perfect home awaits in Lebanon!

Newest Lebanon Homes with Unfinished Basement

407 W Washington Street, Lebanon
$525,000
SECOND CHANCE FOR INVESTORS!! Don't miss out on this PRIME value-add investment opportunity with this 6-unit apartment building in booming Lebanon!! Situated just two blocks from downtown shops and dining, and five minutes to I-65. The property is positioned directly in the growth corridor of the transformational 9,000-acre LEAP Innovation District-home to multibillion-dollar commitments from Eli Lilly ($9B) and Meta-this six-unit property captures surging rental demand from incoming jobs. The asset features two well-maintained structures (4-unit front, 2-unit rear) with dedicated off-street parking, a 2023 roof, individual HVACs, and private in-unit washer/dryer hookups in every unit. Five units have been renovated, offering an immediate upside play: convert one 1-bedroom into a 2-bedroom to achieve an optimal mix of four 2-bed ($1,100/mo) and two 1-bed ($900/mo) floor plans. Professionally managed with five units generating $4,447/mo, leasing the vacant 2-bed unit brings gross rent to $5,547/mo, with a path to $6,200+/mo at market turnover. Substantial NOI expansion awaits by executing remaining utility bill-backs upon lease renewals: electric is separately metered, and passing through common utilities and trash recovers ~$6,000/year. Combining market rents with full utility bill-backs adds over $13,000 annually in revenue, substantially increasing the value of the property!!

407 W Washington Street, Lebanon

Listing courtesy of Peter Stewart. Keller Williams Indpls Metro N

121 W Camp Street, Lebanon
$329,500
3 Beds ⋅ 2 Baths
Timeless design, exceptional craftsmanship, and an unbeatable location come together in this one-of-a-kind ranch overlooking Lebanon Memorial Park. Built with quality in mind, this home features durable concrete block construction and concrete floor joists-a level of structural integrity that's rarely found today. Inside, you'll find over one level of spacious living with 3 bedrooms, 1.5 bathrooms, a large family room with a fireplace, formal dining room, and a versatile den that's perfect for a home office, library, or hobby room. The full basement provides excellent storage and additional space for a recreation room, workout area, or future finished living space. It is already plumbed for a future shower, offering even more possibilities. The oversized picture window in the family room fills the home with natural light while framing beautiful views of Lebanon Memorial Park, where you'll enjoy walking trails, a splash park, playgrounds, and year-round community activities just across the street. Step outside to a fully fenced backyard surrounded by mature landscaping and established perennial gardens. The patio provides the perfect setting for outdoor dining, entertaining, or simply enjoying the peaceful surroundings. Additional features include a 2-car attached garage, reverse osmosis water system, sump pump with battery backup, and numerous updates completed over the years for added peace of mind. Location is truly one of this home's greatest assets. Enjoy the convenience of being just minutes from historic downtown Lebanon, local restaurants, shopping, schools, the theater, and community events. If you're looking for a home with character, quality construction, generous living space, and an outstanding location, this is one you won't want to miss. A detailed list of updates and improvement timelines is available with the listing.

121 W Camp Street, Lebanon

Listing courtesy of Heather Schaller. eXp Realty, LLC

Start Your Search

Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of 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 listings have been excluded from this website.


How much is your home worth?

Get instant property value now!