501 W Lawrence Street, Mishawaka, IN 46545 - Photo 1

1/1

$168,500

Sold
Closed
Multi-Family

1/1

Property Description

"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.

Full Property Details

Full Property Details for 501 W Lawrence St

General

Sold For: $168,500
Taxes: $852 (2025)
Status: Closed
Type: Multi-Family
Source: Indiana_Regional_MLS
MLS ID: 202528180
Added to Site: 184 day(s) ago

Interior

Flooring: Carpet, Ceramic Tile, Laminate, Vinyl Tile

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Exterior

Exterior Features: Vinyl
Color: Vinyl

Parking

Parking: Street

Location

Subdivision: 33x116
Neighborhood: St. Joseph County
Driving Directions: From Mishawaka Ave turn North on Charlotte St. Turn West on Lawrence St.

School Information

Elementary School: School City of Mishawaka
Middle School: John Young
High School: Mishawaka

Heating & Cooling

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

Utilities

Sewer: City
# Gas Meters: 2
# Electric Meters: 2

Structural Information

Architectural Style: One and Half Story
Exterior Const.: Vinyl
Basement: Yes
Basement Entrance: 46545
Roof: Asphalt, Shingle
Stories/Levels: 1.5
Finished Total: 1 Sq. Ft.
Finished Above Grnd: 1,600 Sq. Ft.
Year Built: 1904

Unit Information

Units in Building: 2

Unit 3

Unit Description: Greater South Bend-Mishawaka AOR
Square Feet: 1600
Bedrooms: 696

Unit 4

Square Feet: 2

Unit 5

Unit Description: Assessor

Unit 6

Bedrooms: 2

Lot Features

Lot Size (Acres): 0.09
Lot Size (Sq. Ft.): 3,828
Driveway/Sidewalk: None
Lot Description: Corner, Level, 0-2.9999

Green Features

Certification Rating: Yes

Financial Considerations

Price Per Sq. Ft.: $105.31
Assoc Fee Freq.: Not Applicable
Tax Amount: $852
Tax Year: 2025
Terms: "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

Disclosures and Reports

Documents Avail.: Agency, Income/Expenses, LBP Form, Lease, Legal Description, Sellers Disclosure, Utility Bill Information, Rent Roll

Listed by McKinnies Realty, LLC, Tim McKinnies
St. Joseph Realty Group

What's Your Home Worth?

* Indicates a required field

For a complimentary comparative market analysis, please contact us so we can discuss your home's value.

Your Property Information

Address optional

City *State *

Zip Code *

Your Contact Information

First Name *Last Name *

Email Address *

Phone Number *

Comment *

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 Submit, 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 an 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.

Listing agent

— 501 W Lawrence St —

Tim McKinnies

McKinnies Realty, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

Schools

Schools serving 501 W Lawrence St

School District:Mishawaka School City

Name	Grades	Distance
Battell Elementary School 715 East Broadway Street, Mishawaka, IN 46545	K-6	0.8 mi
John J Young Middle School 1801 North Main Street, Mishawaka, IN 46545	7-8	0.7 mi
Mishawaka High School 1202 Lincolnway East, Mishawaka, IN 46544	9-12	1.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 501 W Lawrence St

Date

Details

Price

Change

Source

9/19/2025

Sold

$168,500

-3.71%

MLS

7/18/2025

Listed

$175,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

55655 Kraus Rd, Osceola, IN 46561 - Photo 1

Just Listed

$169,900

55655 Kraus Rd Osceola, IN 46561

Single Family
Active
Updated 9 hours ago

1
Total Bath

Listed by At Home Realty Group, Drew Overmyer

19151 Dresden Dr, South Bend, IN 46637 - Photo 1

Just Listed

$235,000

19151 Dresden Dr South Bend, IN 46637

Single Family
Active
Updated 2 days ago

2
Total Baths

Listed by Cressy & Everett - South Bend, Debbie Foster

1505 N Elmer St, South Bend, IN 46628 - Photo 1

Just Listed

$89,900

1505 N Elmer St South Bend, IN 46628

Single Family
Active
Updated 2 days ago

1
Total Bath

Listed by Weichert Rltrs-J.Dunfee&Assoc., Nicholas Bickel

2909 Hilltop Dr, South Bend, IN 46614 - Photo 1

Just Listed

$189,900

2909 Hilltop Dr South Bend, IN 46614

Single Family
Active
Updated 2 days ago

1
Total Bath

Listed by Realty Plus, Inc., Niel Kluszczynski and Realty Plus, Inc., Laura Cohen

54843 Springfield Trace Dr, Osceola, IN 46561 - Photo 1

Price Reduced

-$14,900 (-2.76%)

$525,000

54843 Springfield Trace Dr Osceola, IN 46561

Single Family
Active
Updated 5 days ago

1
Bed
4
Total Baths
1
Sq. Ft.

Listed by Irish Realty, Stephen Smith and Irish Realty, Blake Hitchcock

1026 W Rose St, South Bend, IN 46616 - Photo 1

Price Reduced

-$4,000 (-4.12%)

$93,000

1026 W Rose St South Bend, IN 46616

Single Family
Active
Updated 1 day ago

2
Total Baths

Listed by Howard Hanna SB Real Estate, Joshua O'Hara

18560 Fontana Dr, South Bend, IN 46637 - Photo 1

Price Reduced

-$1 (0%)

$899,987

18560 Fontana Dr South Bend, IN 46637

Single Family
Active
Updated 2 days ago

2
Beds
4
Total Baths
2
Sq. Ft.

Listed by Advanced Real Estate, LLC, Kristina Gundlach

1801 Winston Dr, South Bend, IN 46635 - Photo 1

Price Reduced

-$10,000 (-4.45%)

$214,900

1801 Winston Dr South Bend, IN 46635

Single Family
Active
Updated 5 days ago

1
Bed
2
Total Baths
1
Sq. Ft.

Listed by At Home Realty Group, Gene Risner

505 W Marion St, Mishawaka, IN 46545 - Photo 1

Sold

$182,000

505 W Marion St Mishawaka, IN 46545

Single Family
Closed

2
Total Baths

Listed by Gloria Jones
Sold by Berkshire Hathaway HomeServices Northern Indiana Real Estate, Zena Marie Capers

711 Ann St, Mishawaka, IN 46545 - Photo 1

Sold

$170,000

711 Ann St Mishawaka, IN 46545

Single Family
Closed

1
Total Bath

Listed by Addresses Unlimited, LLC, Jen Arizmendi
Sold by Berkshire Hathaway HomeServices Northern Indiana Real Estate, Celia Rebollero

423 Fairmount Ave, Mishawaka, IN 46545 - Photo 1

Sold

$180,000

423 Fairmount Ave Mishawaka, IN 46545

Single Family
Closed

1
Total Bath

Listed by Howard Hanna SB Real Estate, Aaron Cowham
Sold by Trueblood Real Estate, Kyle Lechlitner

549 Lincolnway W, Mishawaka, IN 46544 - Photo 1

Sold

$154,000

549 Lincolnway W Mishawaka, IN 46544

Commercial
Closed

5,344
Sq. Ft.

Listed by Kraft Real Estate Services, LL
Sold by Non-Member MLS Office

501 W Lawrence Street, Mishawaka, IN 46545 (MLS# 202528180) is a Multi-Family property that was sold at $168,500 on September 19, 2025. Want to learn more about 501 W Lawrence Street? Do you have questions about finding other Multi-Family real estate for sale in Mishawaka? You can browse all Mishawaka real estate or contact a Coldwell Banker agent to request more information.

501 W Lawrence St Mishawaka, IN 46545

Full Property Details for 501 W Lawrence St

General

Interior

Rooms

Bathrooms

Exterior

Parking

Location

School Information

Heating & Cooling

Utilities

Structural Information

Unit Information

Unit 3

Unit 4

Unit 5

Unit 6

Lot Features

Green Features

Financial Considerations

Disclosures and Reports

Listing agent

Get Pre-Approved Today

Be ready to buy your new home!

Be ready to buy your new home!

Schools serving 501 W Lawrence St

Price & Sales History for 501 W Lawrence St

Just Listed near 501 W Lawrence St

55655 Kraus Rd Osceola, IN 46561

19151 Dresden Dr South Bend, IN 46637

1505 N Elmer St South Bend, IN 46628

2909 Hilltop Dr South Bend, IN 46614

Price Reduced near 501 W Lawrence St

54843 Springfield Trace Dr Osceola, IN 46561

1026 W Rose St South Bend, IN 46616

18560 Fontana Dr South Bend, IN 46637

1801 Winston Dr South Bend, IN 46635

Recent Sales near 501 W Lawrence St

505 W Marion St Mishawaka, IN 46545

711 Ann St Mishawaka, IN 46545

423 Fairmount Ave Mishawaka, IN 46545

549 Lincolnway W Mishawaka, IN 46544