"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.
Closed
$168,500
501 W Lawrence St, Mishawaka, IN 46545
2beds
1,600sqft
Duplex
Built in 1904
-- sqft lot
$169,700 Zestimate®
$--/sqft
$1,108 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 19, 2025 at 12:23pm
Listed by:
Tim D McKinnies Cell:574-274-8275,
McKinnies Realty, LLC
Bought with:
Stephen DiJulius
St. Joseph Realty Group
Source: IRMLS,MLS#: 202528180
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
Property
Parking
- Parking features: On Street
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Porch Covered, Enclosed
- Fencing: None
Lot
- Size: 3,920 sqft
- 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 & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Sidewalks
Location
- Region: Mishawaka
- Subdivision: Lawrence & Battells
HOA & financial
Other financial information
- Total actual rent: 16200
Other
Other facts
- Listing terms: Cash,Conventional