Listing courtesy of The Real Estate Co. · Listing agent: Haley McLaughlin
512 P Street
Bedford, IN 47421
Original price $215,000 · Price reduced on May 31, 2026
- Fireplace
- Basement
- Bedrooms
- 1
- Bathrooms
- 2
- Living area
- 8,002 sq ft
- Lot
- 0.41 ac
- Year built
- 1947
- Type
- Site-Built Home
- Listed
- April 27, 2026
- MLS #
- 202615209
About this home
Rarely does a property of this size, soul, and character come to market especially in this location. This magnificent ±8,000 square foot building carries a rich and storied history — beginning life as a church, then serving the community as a gym for the Boys & Girls Club, followed by years as a licensed daycare, and most recently operating as a beloved vintage market. Every chapter of this building’s life has added to its charm, and now it is ready for its most exciting transformation yet — a stunning multi-unit apartment or multifamily residential dwelling. Soaring ceilings, dramatic oversized vintage windows, a massive open floor plan, and a full dry basement beneath the basketball court combine to create one of the most compelling and character-rich residential conversion opportunities in the Bedford market. Add in a few brand new mechanical systems and fully serviced safety infrastructure — sprinklers and alarms, and the bones couldn’t be better. ZONED (PR) Professional Residential: condos, multifamily, apartments, hospitals, clinics, recreational, places of worship, daycares, nursing homes & more!
Monthly payment estimate
$1,468/mo
- Principal & interest
- $1,040
- Property taxes
- $373
- Homeowners insurance
- $55
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2026 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- One
- Total rooms
- 7
- Total area
- 11,602 sq ft
- Finished area above grade
- 4,402 sq ft
- Finished area below grade
- 3,600 sq ft
- Unfinished area below grade
- 3,600 sq ft
- Below grade total
- 7,200 sq ft
- Bedrooms below grade
- 1
- Full baths, below grade
- 2
- Basement
- Full
- Heating
- Natural Gas
- Cooling
- Central Air
- Fireplaces
- 1
- Fireplace features
- Wood Burning
Exterior & parking
- Construction
- Stone, Limestone
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Level
- Lot size (acres)
- 0.41 ac
- Lot dimensions
- IRREGULAR
- Inside city limits
- Yes
- County
- Lawrence County
- Township
- Shawswick
- Cross street
- 5th
- Platted
- Yes
- Planned unit development
- No
- Directions
- From SR 37 Turn east onto 5th street, Turn right onto P street, property is on the left.
Schools
- Elementary school
- Lincoln
- Middle school
- Bedford
- High school
- Bedford-North Lawrence
- School district
- North Lawrence Community Schools
Taxes & terms
- Annual taxes
- $4,481
- Tax year
- 2026
- Possession
- At Close
- Parcel number
- 47-06-14-201-014.000-010
Utilities
- Water
- City
- Sewer
- Public Sewer
Location
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