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501 W Lawrence Street, 
Mishawaka, IN 46545

$175,000


2

Beds


2

Baths


1,600

Sq Ft


Multi-Family


Virtual Tour

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Listed by

Tim Mckinnies

Mckinnies Realty, LLC.

Cell: 574-274-8275

Last updated:

July 19, 2025, 03:43 AM

MLS#

202528180

Source:

Indiana Regional MLS

About This Home

501 W Lawrence Street

"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.

Home Facts

Multi-Family

2 Baths

2 Bedrooms

Built in 1904

Price Summary

175,000

$109 per Sq. Ft.

MLS #:

202528180

Last Updated:

July 19, 2025, 03:43 AM

Added:

3 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,600 Sq. Ft.


Structure

Structure

Architectural Style:

Converted House, One and Half Story

Building Area:

2,296 Sq. Ft.

Year Built:

1904


Lot

Lot Size (Sq. Ft):

3,828


Finances & Disclosures

Finances

Price:

$175,000

Price per Sq. Ft:

$109 per Sq. Ft.

Source:Indiana Regional MLS
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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