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506 Lawrence Avenue

Indianapolis, IN 46227
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Bed 5

Bed

Bath 2

Bath

SqFt2,028

Sqft

Acres0.26

Acre(Lot)

Welcome to this spacious 5-bedroom, 1.5-bath(2BRs in basement do not have egress window) Bedford stone ranch offering far more space than you might expect! With a full basement, 2-car attached finished garage, and multiple living areas, this home provides plenty of room to live, entertain, work, and customize to your needs. Start your mornings relaxing on the covered front porch with a cup of coffee, then step inside to a welcoming interior featuring newer luxury vinyl plank flooring, vinyl windows, an updated bathroom, and two beautiful built-in hutches in the dining room. The family room offers a wood-burning fireplace perfect for holiday gatherings. The full basement with 2nd wood burning fireplace creates another warm and inviting gathering space & adds tremendous flexibility and poten tial. The large open area could easily become a game room, recreation area, home theater, or entertainment space. Two additional rooms with closets provide possibilities for offices, hobby rooms, guest space, or potential 4th and 5th bedrooms, depending on your needs. The attached 2-car garage is finished and offers additional convenience and storage. Recent major improvements include a high-efficiency furnace and air conditioner replaced within the past 3-4 years, PEX water lines, and 200-amp electrical service. The property's flexible layout and zoning/use possibilities make it an intriguing opportunity for a variety of uses, including residential, commercial use, or an investment/short-term rental property. The main floor and basement living areas may also offer the possibility of splitting into 2 separate living spaces, with access from the garage, to house hack(rent potential cover some or all mortgage) or double the rental income. Conveniently located near shopping, schools, parks, major highways, downtown Indianapolis, and Greenwood. Whether you're looking for a spacious home, investment opportunity, or a property with room to create something uniquely your own!

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Detail Ic Property Details

Property Type : Residential

Price : $229,900

AD Id : 90916886

MLS Id : MBR22123665

Beds : 5

Lot Size : 0.26 Acre

Living Area Size : 2,028

Year Built : 1954

Garage : 2

County : Marion

Subdivision: Homedell

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Feature Features

  • Bedroom Information

    Total Bedroom: 5

    Bathroom Information

    Total Baths: 2 Full Baths: 1 Half Baths: 1

    Room Information

    Rooms Total: 11 Has Basement: Yes

    Interior Features

    Entrance Foyer, Paddle Fan, Hi-Speed Internet Availbl, Wood Work Painted Appliances: Dishwasher, Electric Water Heater, Disposal, Electric Oven, Refrigerator Laundry Features: Laundry Room, In Basement
  • Flooring Information

    Construction Materials: Stone
  • Heating & Cooling

    Heating: Forced Air, Natural Gas Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1954
  • Exterior Features

    Barn Mini, Fire Pit Construction Materials: Stone Foundation Details: Block

  • Lot Information

    Lot Description: Access, Corner Lot, Curbs, Storm Sewer, Street Lights Lot Square Feet: 11456 Lot Acres: 0.26

    Property Information

    Property Type: Residential Sub Type: Single Family Residence Style: Ranch, Traditional

  • Listing Price Information

    Original List Price:$229900

  • Tax Information

    Tax Lot: 1 & 2 Tax Legal Description: Homedell Add 77.74 S End L1 & L2 Tax Year: 2025 Parcel Number: 491136120007000574 Tax Exemption: None

  • Parking Information

    Attached, Concrete, Garage Door Opener

    Garage Information

    Has Garage: Yes Garage Space: 2 Garage SQFT: 576 Garage SQFT: Finished Garage,Garage Door Opener,Service Door

  • Utility Information

    Water Source: Public
  • Location Information

    Subdivision: Homedell City: Indianapolis Direction: GPS Friendly
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Nearby Home Value

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3712 E Edgewood Avenue, Indianapolis, IN, 46227 $489,900 6 7 11,860 3.07 Acres
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ByOwner last updated this listing 09/06/2026 @ 06:20

MLS: MIBOR #22123665 LISTED BY: Andy Ludlow, eXp Realty, LLC 888-611-3912 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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