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8247 Patton Drive, 
Lawrence, IN 46226

$164,900

3

Beds

1

Bath

792

Sq Ft

Single Family

Virtual Tour

Active

Listed by

Frankie Hernandez

@Properties

317-489-3441

Last updated:

May 26, 2026, 10:38 PM

MLS#

22104244

Source:

IN MIBOR

About This Home

8247 Patton Drive

Turnkey investment opportunity in Lawrence Township that checks the boxes for a buy-and-hold investor. This clean 3 bed, 1 bath rental is move-in ready with major mechanical updates already handled, including a roof just 4 years old plus HVAC and water heater only 2 years old. Fresh paint, new flooring, and carpet make for a low-maintenance start, while the exterior offers room for cosmetic improvements to create additional upside. Located in a strong rental pocket with proven performance, previously self-managed and rented at $1,500/month with no current lease in place, giving the next owner flexibility from day one. Opportunities with this kind of condition and built-in upside don't last long.

Home Facts

Single Family

1 Bath

3 Bedrooms

Built in 1954

Price Summary

164,900

$208 per Sq. Ft.

MLS #:

22104244

Last Updated:

May 26, 2026, 10:38 PM

Added:

6 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

792 Sq. Ft.

Structure

Structure

Architectural Style:

Ranch

Building Area:

792 Sq. Ft.

Year Built:

1954

Lot

Lot Size (Sq. Ft):

6,098

Finances & Disclosures

Finances

Price:

$164,900

Price per Sq. Ft:

$208 per Sq. Ft.

Source:IN MIBOR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.