# 506 Lawrence Avenue, Indianapolis, IN 46227

> **TL;DR:** 3bd/2ba single family, $257,900 ($204/sqft), built 1954, 1,267 sqft.
> Fireplace, Basement. Est. $1,118/mo. Listed 80 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $257,900 |
| Price/sqft | $204 |
| Bedrooms | 3 |
| Bathrooms | 1 full, 1 half |
| Square Feet | 1,267 |
| Year Built | 1954 |
| Lot Size | 11,326 sqft (0.26 acres) |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 80 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,118 |
| **Total** | **$1,118** |

## Key Amenities

- Fireplace
- Basement

## Property Highlights

- Built in 1954
- 0.26 acre lot
- Fireplace

## Description

### Agent Description
Terrific all limestone ranch with three bedrooms, one and a half bath, full basement, attached two car garage, big side yard with access door from house, covered front porch....and for under $260,000!!! Amazing value and quality. Undated electrical panel, good storage, sump pump in basement, almost new hvac (either 2023/2024), wood burning fireplaces in living room on main and in basement recreation room! Lots to appreciate for either a starter home or an investment property. Easy to show!

## 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:** Alice Steppe
- **Brokerage:** Real Broker, LLC
- **Phone:** 3178284020
- **Email:** asteppe@alicesteppe.com

## Primary Photo

![506 Lawrence Avenue - Primary Photo](http://lh.rdcpix.com/39e788b85e174b0a2378b964fd6921f7l-f3385176786r.jpg)

*20 total photos available on [listing page](https://www.propertysimple.com/listing/506-lawrence-avenue-indianapolis-in-46227-22080804)*

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**MLS#:** 22080804 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. 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.com/listing/506-lawrence-avenue-indianapolis-in-46227-22080804)

---

## Structured Data

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  "description": "Terrific all limestone ranch with three bedrooms, one and a half bath, full basement, attached two car garage, big side yard with access door from house, covered front porch....and for under $260,000!!! Amazing value and quality. Undated electrical panel, good storage, sump pump in basement, almost new hvac (either 2023/2024), wood burning fireplaces in living room on main and in basement recreation room! Lots to appreciate for either a starter home or an investment property. Easy to show!",
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