506 Lawrence Avenue, Indianapolis, IN 46227
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
506 Lawrence Avenue,Indianapolis, IN 46227
$229,900
- 5 Beds
- 2 Baths
- 2,028 sq. ft.
- Single family
- Active
Listed by: andy ludlow
Office: exp realty, llc.
MLS#:22123665
Source:IN_MIBOR | Licensed in Indiana
Price summary
- Price:$229,900
- Price per sq. ft.:$113.36
About this home
Welcome to this spacious 5-bedroom, 1.5-bath(2BRs in basement do not have egress window) Bedford stone ranch offering far more space than you might expect! With a full basement, 2-car attached finished garage, and multiple living areas, this home provides plenty of room to live, entertain, work, and customize to your needs. Start your mornings relaxing on the covered front porch with a cup of coffee, then step inside to a welcoming interior featuring newer luxury vinyl plank flooring, vinyl windows, an updated bathroom, and two beautiful built-in hutches in the dining room. The family room offers a wood-burning fireplace perfect for holiday gatherings. The full basement with 2nd wood burning fireplace creates another warm and inviting gathering space & adds tremendous flexibility and potential. The large open area could easily become a game room, recreation area, home theater, or entertainment space. Two additional rooms with closets provide possibilities for offices, hobby rooms, guest space, or potential 4th and 5th bedrooms, depending on your needs. The attached 2-car garage is finished and offers additional convenience and storage. Recent major improvements include a high-efficiency furnace and air conditioner replaced within the past 3-4 years, PEX water lines, and 200-amp electrical service. The property's flexible layout and zoning/use possibilities make it an intriguing opportunity for a variety of uses, including residential, commercial use, or an investment/short-term rental property. The main floor and basement living areas may also offer the possibility of splitting into 2 separate living spaces, with access from the garage, to house hack(rent potential cover some or all mortgage) or double the rental income. Conveniently located near shopping, schools, parks, major highways, downtown Indianapolis, and Greenwood. Whether you're looking for a spacious home, investment opportunity, or a property with room to create something uniquely your own!...
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Home facts
- Year built:1954
- Subdivision & Development:Homedell
- Listing ID #:22123665
- Added:15 day(s) ago
- Updated:September 17, 2026 at 03:52 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Dining Description:Formal Dining Room, Other Eating Area, Separate Room
- Kitchen Description:Dishwasher, Disposal, Electric Oven, Refrigerator
- Basement:Yes
- Basement Description:Basement, Full, Storage Space
- Living area:2,028 sq. ft.
Heating and cooling
- Cooling:Central Electric
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1954
- Building area:2,028 sq. ft.
- Lot area:0.26 Acres
- Lot Features:Corner Lot, Curbs, Storm Sewer, Street Lights
- Architectural Style:Ranch
- Construction Materials:Stone
- Exterior Features:Barn Mini, Fire Pit
- Foundation Description:Block
Utilities
- Water:Public Water
Finances and disclosures
- Price:$229,900
- Price per sq. ft.:$113.36
Features and amenities
- Appliances:Refrigerator
- Laundry features:Laundry in Unit
- Amenities:Sump Pump, Wood Work Painted
Parking
- Parking description:Finished Garage, Garage Door Opener, Service Door
- Garage:Yes
- Garage spaces:2
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