# 506 Lawrence Avenue, Indianapolis, IN 46227 > **TL;DR:** 5bd/2ba single family, $225,000 ($111/sqft), built 1954, 2,028 sqft. > Fireplace, A/C, RV Parking, 2-car garage. Est. $1,204/mo. Listed 59 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $225,000 | | Price/sqft | $111 | | Bedrooms | 5 | | Bathrooms | 1 full, 1 half | | Square Feet | 2,028 | | Year Built | 1954 | | Lot Size | 11,326 sqft (0.26 acres) | | Stories | 1 | | Garage | 2-car | | Property Type | Single Family (Single Family Residence) | | Status | Active | | Days on Market | 59 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,138 | | Estimated Insurance | $66 | | **Total** | **$1,204** | ## Key Amenities - Fireplace - A/C - RV Parking - 2-car garage ## Property Highlights - Built in 1954 - 0.26 acre lot - Fireplace ## Description ### Agent Description 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 potential. 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! ## Location - **Address:** 506 Lawrence Avenue, Indianapolis, IN 46227 - **County:** Marion - **Neighborhood:** Homedell - **Coordinates:** 39.702691, -86.148454 - **Google Maps:** https://www.google.com/maps?q=39.702691,-86.148454 ## Listing Agent - **Name:** Andy Ludlow - **Brokerage:** eXp Realty - **Broker Phone:** (812) 734-6048 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/506-Lawrence-Ave_Indianapolis_IN_46227_M44740-80466?f=listhub&s=MIBORIN&m=22123665&c=propsimple) ## Photos ![506 Lawrence Avenue - Photo 1](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f2721916135r.jpg) ![506 Lawrence Avenue - Photo 2](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f334603434r.jpg) ![506 Lawrence Avenue - Photo 3](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f1101118303r.jpg) ![506 Lawrence Avenue - Photo 4](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f3869066176r.jpg) ![506 Lawrence Avenue - Photo 5](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f760394674r.jpg) ![506 Lawrence Avenue - Photo 6](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f1211066255r.jpg) ![506 Lawrence Avenue - Photo 7](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f2526402166r.jpg) ![506 Lawrence Avenue - Photo 8](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f1728069888r.jpg) ![506 Lawrence Avenue - Photo 9](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f1214191214r.jpg) ![506 Lawrence Avenue - Photo 10](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f3578635217r.jpg) ![506 Lawrence Avenue - Photo 11](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f4196935495r.jpg) ![506 Lawrence Avenue - Photo 12](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f2157479813r.jpg) ![506 Lawrence Avenue - Photo 13](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f541689072r.jpg) ![506 Lawrence Avenue - Photo 14](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f3308275761r.jpg) ![506 Lawrence Avenue - Photo 15](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f1331359426r.jpg) ![506 Lawrence Avenue - Photo 16](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f3359373925r.jpg) ![506 Lawrence Avenue - Photo 17](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f3347513476r.jpg) ![506 Lawrence Avenue - Photo 18](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f2549387490r.jpg) ![506 Lawrence Avenue - Photo 19](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f585306654r.jpg) ![506 Lawrence Avenue - Photo 20](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f3240432068r.jpg) ![506 Lawrence Avenue - Photo 21](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f463798605r.jpg) ![506 Lawrence Avenue - Photo 22](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f1379478940r.jpg) ![506 Lawrence Avenue - Photo 23](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f2984455322r.jpg) ![506 Lawrence Avenue - Photo 24](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f1815066769r.jpg) ![506 Lawrence Avenue - Photo 25](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f3726295963r.jpg) ![506 Lawrence Avenue - Photo 26](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f2130706161r.jpg) ![506 Lawrence Avenue - Photo 27](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f1597610559r.jpg) ![506 Lawrence Avenue - Photo 28](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f3416557980r.jpg) ![506 Lawrence Avenue - Photo 29](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f2079524165r.jpg) ![506 Lawrence Avenue - Photo 30](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f2514803165r.jpg) ![506 Lawrence Avenue - Photo 31](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f3929299370r.jpg) ![506 Lawrence Avenue - Photo 32](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f2300798226r.jpg) ![506 Lawrence Avenue - Photo 33](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f3582351616r.jpg) ![506 Lawrence Avenue - Photo 34](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f3497523268r.jpg) ![506 Lawrence Avenue - Photo 35](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f3119287596r.jpg) ![506 Lawrence Avenue - Photo 36](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f112642140r.jpg) ![506 Lawrence Avenue - Photo 37](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f582579155r.jpg) ![506 Lawrence Avenue - Photo 38](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f2276480482r.jpg) ![506 Lawrence Avenue - Photo 39](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f2682787692r.jpg) ![506 Lawrence Avenue - Photo 40](http://lh.rdcpix.com/dfac89ac4d675887cc1f8c6b416f84f9l-f1995851364r.jpg) --- **MLS#:** 22123665 | **Updated:** 2026-10-27 **Source:** listhub *Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/506-lawrence-avenue-indianapolis-in-46227-94327d616d8a42268e64222c19cf0f8b) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/506-lawrence-avenue-indianapolis-in-46227-94327d616d8a42268e64222c19cf0f8b#listing", "url": "https://www.propertysimple.ai/listing/506-lawrence-avenue-indianapolis-in-46227-94327d616d8a42268e64222c19cf0f8b", "name": "506 Lawrence Avenue, Indianapolis, IN 46227", "description": "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! 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