"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
$174,800 Zestimate®
$--/sqft
$1,208 Estimated rent
Home value
$174,800
$156,000 - $196,000
$1,208/mo
Zestimate® history
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List your homeWhat's special
Separate utilitiesGenerously sized units
Zillow last checked:
Listing updated:
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: 1.5
- Patio & porch: Porch Covered, Enclosed
- Fencing: None
Lot
- Size: 3,920 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: $98,400
- 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
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Sold | $168,500-3.7% |
Source:  IRMLS #202528180 Report a problem | ||
| 9/8/2025 | Pending sale | $175,000 |
Source: IRMLS #202528180 Report a problem | ||
| 7/18/2025 | Listed for sale | $175,000 |
Source: IRMLS #202528180 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,282 +36% | $98,400 +0.8% |
| 2024 | $1,678 +0.1% | $97,600 +36.5% |
| 2023 | $1,677 +5.7% | $71,500 |
| 2022 | $1,587 +19% | $71,500 +6.2% |
| 2021 | $1,334 -3.2% | $67,300 -1.8% |
| 2020 | $1,378 -20.7% | $68,500 +18.1% |
| 2019 | $1,737 -6.2% | $58,000 -0.9% |
| 2018 | $1,851 +3.4% | $58,500 -17% |
| 2017 | $1,790 +14.7% | $70,500 +20.5% |
| 2016 | $1,561 +3.8% | $58,500 +5.2% |
| 2014 | $1,503 -29.4% | $55,600 -26.7% |
| 2013 | $2,130 +22.3% | $75,900 +23.4% |
| 2012 | $1,743 -3.1% | $61,500 +0.8% |
| 2011 | $1,798 -9.6% | $61,000 -9% |
| 2010 | $1,989 +2.9% | $67,000 |
| 2009 | $1,933 | $67,000 +4.4% |
| 2007 | -- | $64,200 +43.6% |
| 2006 | $1,573 +260.9% | $44,700 -29.4% |
| 2003 | $436 | $63,300 +921% |
| 2001 | -- | $6,200 |
Find assessor info on the county website
Neighborhood: 46545
Nearby homes
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Nearby schools
GreatSchools rating
- 6/10Battell Elementary SchoolGrades: K-6Distance: 0.8 mi
- 5/10John J Young Middle SchoolGrades: 7-8Distance: 0.7 mi
- 4/10Mishawaka High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Battell
- Middle: John Young
- High: Mishawaka
- District: School City of Mishawaka
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Indiana
- Saint Joseph County
- Mishawaka
- 46545
- 501 W Lawrence St
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