501 W Lawrence Street, Mishawaka, IN 46545

Local realty services provided by:Better Homes and Gardens Real Estate Connections
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501 W Lawrence Street,Mishawaka, IN 46545
$175,000
Virtual Tour
  • 2 Beds
  • 2 Baths
  • 1,600 sq. ft.
  • Multi-family
  • Active
Listed by:tim mckinniesCell: 574-274-8275
Office:mckinnies realty, llc.
MLS#:202528180
Source:Indiana Regional MLS

Price summary

  • Price:$175,000
  • Price per sq. ft.:$76.22

About this home

"Investor Alert! Don't miss this incredible opportunity to expand your portfolio with a solid income-producing property in a prime Mishawaka location at 501 W. Lawrence. Zoned for multi-family use! This duplex boasts generously sized units that tenants love! Separate utilities (excluding water/trash) - but currently the utilities are included in the rent and owner pays. Enjoy low vacancy rates thanks to its highly desirable location near universities, the scenic River Walk, Parks, and convenient access to shopping, dining, entertainment, and excellent schools. This is more than just a property; it's a smart investment in a thriving community with strong property values. Both units are occupied - immediate cash flow! Both tenants have rented the property for multiple years. They are both on month to month leases. There are 2 furnaces and 2 window A/C units. One of the owners is a licensed real estate agent.

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Home facts

  • Year built:1904
  • Listing Id #:202528180
  • Added:26 day(s) ago
  • Updated:August 14, 2025 at 03:03 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,600 sq. ft.

Heating and cooling

  • Cooling:Multiple Cooling Units, Window
  • Heating:Conventional, Forced Air, Gas, Multiple Heating Systems

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1904
  • Building area:1,600 sq. ft.
  • Lot area:0.09 Acres

Schools

  • High school:Mishawaka
  • Middle school:John Young
  • Elementary school:Battell

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$175,000
  • Price per sq. ft.:$76.22
  • Tax amount:$852
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2025 Indiana Regional MLS LLC.

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