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2,028 sqft

$225,000

506 Lawrence Avenue, Indianapolis IN, 46227

Price per sqft$110.95
Built in1954
Property size2,028 sqft
Property typeCommercial
Courtesy of eXp Realty, LLC, Andy Ludlow Listing Contact:

Overview

Active

Listed Sep 1, 2026

Updated 13h ago

Looking for a High Visibility Property with multiple ways to create value? This Spacious Bedford Stone Ranch offers a flexible layout, full basement, finished 2-car attached garage, and potential for residential, investment, or commercial use-all in a convenient Indianapolis location. The main level features 3 bedrooms, 1.5 baths, newer luxury vinyl plank flooring, vinyl windows, an updated bathroom, and a spacious layout that feels significantly larger than 2,000 square feet. The full basement is where the possibilities really open up. Two separate rooms with closets offer potential for offices, guest rooms, hobby spaces, or possible additional bedrooms. For investors, the flexible floor plan could lend itself to several strategies. Explore the potential for an Airbnb/short-term rental, long-term rental, or a house-hacking opportunity where an owner occupies one portion while utilizing other areas for additional income. The layout may also allow the upper/main living area to be separated into additional living quarters(creating a duplex) with a separate entrance from the garage,. The property also offers potential Commercial Space for business, office, retail, medical etc. 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 attached 2-car garage is finished, providing valuable parking, storage, or workspace. And don't overlook the covered front porch-a great spot for morning coffee before taking advantage of the home's convenient location near shopping, schools, parks, major highways, downtown Indianapolis, and Greenwood. One property. Multiple possibilities. Whether you're looking for a rental, Airbnb opportunity, house hack, commercial/residential flexibility, or a property you can reconfigure and add value to

Additional information

MLS® ID
22123860

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.26 Acres

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Based on information submitted to the MLS GRID as of 4:09 AM UTC on 10/15/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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