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#202514923, David Perry, Listing office: RE/MAX 100
Property details
About 501 W Lawrence St
"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.
Highlights
Home typeDuplex
HeatingNatural Gas, Other, Forced Air, Multi Unit(s)
StatusActive
CoolingWindow Unit(s), Multi Unit(s)
Lot size0.09 Acres
Year built1904
MLS #202528180
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Summary
- Heating: Natural Gas, Other, Forced Air, Multi Unit(s)
- Cooling: Window Unit(s), Multi Unit(s)
- List Price: $175,000
- Annual Tax Amount: $1,678
- Tax Year: 2023
- Directions: From Mishawaka Ave turn North on Charlotte St. Turn West on Lawrence St.
- Year Built: 1904
- Stories: 1
- Lot Size: 0.09 Acres
- MLS Number: 202528180
- Office Name: McKinnies Realty, LLC
- Office Phone: (574) 274-8275
- Listing Agent: Tim McKinnies
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2025 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/18/2025, 8:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $71,500 | $1,678 |
| 2021 | $67,300 | $1,334 |
| 2020 | $68,500 | $1,378 |
| 2019 | $58,000 | $1,737 |
| 2018 | $58,500 | $1,851 |
| 2017 | $70,500 | $1,790 |
History based on county public records data.
Nearby schools
6
Battell Elementary School
Public District KG-6
0.8 mi
•715 E Broadway St
2
Lasalle Elementary School
Public District PK-6
1.1 mi
•1511 Milburn Blvd
3
Nuner Fine Arts Academy
Public District KG-5
1.1 mi
•2716 Pleasant St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $47,419. Typical income of Mishawaka, IN residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
32%
<35k
67%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
41%
Single, No Kids
10%
Single, with Kids
29%
Married, No Kids
20%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
18%
18-34 yrs old
42%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
College Basketball
Horse Races
Soccer
Where do the neighbors shop?
Dillards
Stein Mart
Burlington
Where do the neighbors go to eat?
Logan's Roadhouse
LongHorn Steakhouse
Wingstop
What do the neighbors drive?
Hyundai
Buick
Nissan
What do the neighbors listen to?
Rock
Contemporary Inspirational
Christian Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 501 W Lawrence St
The listing price of 501 W Lawrence St property is $175,000.
The property 501 W Lawrence St is a multi located in Mishawaka, Indiana, 46545.
Active Listing: 501 W Lawrence St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 501 W Lawrence St are: Battell Elementary School (GreatSchools Rating 6/10), Lasalle Elementary School (GreatSchools Rating 2/10), Nuner Fine Arts Academy (GreatSchools Rating 3/10), John J Young Middle School (GreatSchools Rating 4/10), Edison Middle School (GreatSchools Rating 2/10), Jefferson Traditional School (GreatSchools Rating 3/10), Mishawaka High School (GreatSchools Rating 3/10), Adams High School (GreatSchools Rating 4/10), South Bend Virtual School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $1,678 (source: MLS/based on county public records data).
The year of construction for 501 W Lawrence St is 1904.
This home is located at 501 W Lawrence St in Mishawaka, IN and zip code 46545. This home, which was built in 1904, sits on a 0.09 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since July 18, 2025 and is currently priced at $175,000.
In June 2025 more than 24 listings in Mishawaka, IN were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 32 were sold below. The inventory of homes for sale in Mishawaka, IN between May and June 2025 increased by 0.9%.
From Rocket Homes Real Estate and based on county public records data.