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Prime Investment & Development Opportunity in Lawrence Township! Unlock the potential of this value-add property situated on an oversized lot. This is an exceptional opportunity for experienced investors, builders, and developers looking to maximize returns. The existing home requires a full renovation, making it an ideal candidate for a fix-and-flip, rental investment, or long-term hold. The oversized parcel may offer the opportunity to split the lot, creating a separate buildable homesite with frontage on Kingman Drive. Once the parcel is split, the newly created lot could be developed or sold separately, offering multiple strategies to maximize your investment. Whether your vision is to renovate the existing home while building on the new lot or complete the split and sell the additional parcel, this property offers outstanding upside and flexibility in a desirable Lawrence Township location. Seller's Disclosure is available. Buyer to verify all zoning, lot-split feasibility, utility access, setbacks, permits, and development requirements with the appropriate governmental authorities.
Property Type(s):
Single Family
| Last Updated | 8/3/2026 | Tract | Shadeland Terrace |
|---|---|---|---|
| Year Built | 1954 | Community | 4904 - Marion - Lawrence |
| County | Marion |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Oven, Gas Water Heater, None, Refrigerator, Water Heater |
| AREA | 4904 - Marion - Lawrence |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Other |
| HEAT | Electric, Natural Gas, Zoned |
| LOT | 7841 sq ft |
| STORIES | 1 |
| STYLE | Ranch |
| SUBDIVISION | Shadeland Terrace |
| VIEW | Yes |
| VIEW DESCRIPTION | Trees/Woods |
| WATER | Public |
Location
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Listed with Keller Williams Indy Metro NE
Listing information is deemed reliable, but not guaranteed.
© 2026 Metropolitan Indianapolis Board of REALTORS®
© 2026 Metropolitan Indianapolis Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2026.
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