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Active under contract
  • $175,000

    501 W Lawrence St, Mishawaka, IN 46545

    2beds
    1,600sqft
    : 
    Duplex
    Built in 1904
    -- sqft lot
    $167,400 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Separate utilitiesGenerously sized units
    "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.
    25 days
    on Zillow
    |
    1,105
    |
    73
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 11, 2025 at 01:59pm

    Listed by:

    Tim D McKinnies Cell:574-274-8275,

    McKinnies Realty, LLC

    Source: IRMLS,MLS#: 202528180MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Natural Gas, Conventional, Forced Air, Multiple Heating Systems
    Cooling
    • Window Unit(s), Multi Units
    Appliances
    • Included: Gas Water Heater
    • Laundry: Washer Hookup
    Features
    • Laminate Counters, Eat-in Kitchen
    • Flooring: Carpet, Ceramic Tile, Laminate, Vinyl Tile
    • Doors: Storm Door(s), Storm Doors
    • Windows: Storm Window(s), Double Pane Windows, Storm Windows
    • Basement: Crawl Space,Partial,Unfinished,Exterior Entry,Block,Brick
    • Attic: Storage
    Interior area
    • Total structure area: 2,296
    • Total interior livable area: 1,600 sqft
    • Finished area above ground: 1,600
    • Finished area below ground: 0
    Video & virtual tour

    Property

    Parking
    • Parking features: On Street
    Features
    • Levels: One and One Half
    • Stories: 1.5
    • Patio & porch: Porch Covered, Enclosed
    • Fencing: None
    Lot
    • Size: 3,920.4 Square Feet
    • Dimensions: 33x116
    • Features: Corner Lot, Level, 0-2.9999, City/Town/Suburb, Near College Campus, Near Walking Trail
    Details
    • Additional structures: None
    • Parcel number: 710909383010.000023
    • Zoning: R2

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Vinyl Siding
    • Foundation: Basement
    • Roof: Asphalt,Shingle
    Condition
    • New construction: No
    • Year built: 1904

    Utilities & green energy

    • Electric: Mishawaka Utility
    • Gas: NIPSCO
    • Sewer: City
    • Water: City, Mishawaka Utility
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Features: Sidewalks
    • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
    • Subdivision: Lawrence & Battells
    Location
    • Region: Mishawaka

    Financial & listing details

    • Tax assessed value: $97,600
    • Annual tax amount: $2,282
    • Date on market: 7/18/2025
    • Listing terms: Cash,Conventional
    • Inclusions: Building, Land
    • Lease term: Month To Month
    • Total actual rent: 16200
    • Tenant pays: Cable TV
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