Penn Homes under $500,000

Welcome to Penn Township, a hidden gem nestled in the heart of St. Joseph County, Indiana. With its picturesque landscapes, friendly neighborhoods, and a strong sense of community, Penn Township is the perfect place to call home. This charming area boasts an array of amenities, making it an ideal choice for families, professionals, and retirees alike.

One of the highlights of Penn Township is its commitment to maintaining a high quality of life. Residents enjoy access to well-maintained parks, excellent schools, and a variety of recreational activities. Whether you’re exploring the scenic trails or enjoying a family picnic at one of the local parks, there’s always something to keep you engaged and connected to nature.

For those looking to settle down in this delightful township, you’ll be pleased to discover a fantastic selection of homes available for under $500,000. From cozy single-family residences to modern townhouses, there’s a diverse range of options to suit every lifestyle and budget. These homes often feature spacious layouts, updated amenities, and beautiful outdoor spaces, perfect for entertaining or simply enjoying a quiet evening at home.

With its convenient location just a short drive from South Bend and Mishawaka, residents of Penn Township can easily access shopping, dining, and cultural experiences while still enjoying the peace and tranquility of suburban living. Come and discover why Penn Township is the perfect place to find your next home—where community spirit and affordable living come together harmoniously!

Newest Penn Homes under $500,000

$270,000

2 Beds ⋅ 2 Baths ⋅ 202641464 MLS ⋅ 1,366 SqFt. ⋅ Denver Anthony

Penn Schools — 2 Bed (Possible 3) / 2 Bath Set on a large, level lot in a quiet Penn school district neighborhood, this 2-bedroom, 2-bath home offers more space than the bedroom count suggests — including a possible third bedroom in the partially finished basement. Recent updates take care of the big-ticket items: new windows, gutters, and doors, plus a breezeway addition. The main floor is comfortable and functional, with laundry hookups conveniently located both upstairs and in the basement. Downstairs, the partially finished space adds flexibility for a third bedroom, rec room, or extra storage. Outside, the backyard is the standout — roomy and ready for entertaining. Featuring a deck, garden shed and an oversized outbuilding with power! A well-loved home just waiting on your updates and personal touch!

2035 E Lasalle Ave, Mishawaka

Listing courtesy of Denver Anthony from Cressy & Everett- Elkhart. Cell: 574-215-2101

$238,000

3 Beds ⋅ 1 Baths ⋅ 202641417 MLS ⋅ 1,502 SqFt. ⋅ Tracy DeShone

Secluded setting near the lower St. Joe River! This 3-bedroom, 1-bath home offers a peaceful setting in the desirable Penn-Harris-Madison School district. This home is tucked away in a quiet neighborhood within walking distance to Ferrettie/Baugo Creek County Park and across from the St. Joe County Park Boat Launch. Featuring a fenced yard for privacy, it also has a covered patio and enclosed back porch. A large detached garage provides plenty of room for vehicles or hobbies. With a great combination of outdoor space, privacy and excellent location near water, parks, and shopping, this home is ready for its next owner to make it their own.

56578 Eastvue Dr, Osceola

Listing courtesy of Tracy DeShone from RE/MAX Results. Cell: 574-361-4560

$299,500

3 Beds ⋅ 2 Baths ⋅ 202641411 MLS ⋅ 1,473 SqFt. ⋅ Kelly Wentzlof

New construction ranch home offering the unique opportunity to make it your own! Construction is currently incomplete, allowing the buyer to select their preferred flooring, cabinetry, countertops, fixtures, and other finishes to create a home that reflects their personal style. Thoughtfully designed with 3 bedrooms, including a private primary suite, an open-concept kitchen and family room with vaulted ceilings, and an attached 2-car garage. Enjoy the benefits of new construction while having the flexibility to customize the interior finishes. Great opportunity for buyers looking for a new home with the ability to make the final selections themselves.

1531 E Borley Ave, Mishawaka

Listing courtesy of Kelly Wentzlof from Milestone Realty, LLC. Cell: 574-532-1332

$425,000

3 Beds ⋅ 3 Baths ⋅ 202641379 MLS ⋅ 3,567 SqFt. ⋅ Fares Farhan

Prime Investment & Residential Opportunity in Mishawaka! Located at 3502 Hickory Road, Mishawaka, IN, 3-bedroom, 3-bathroom property offers the perfect combination of comfort, convenience, and future potential. Situated in a highly desirable area near top-rated schools, shopping, dining, and major transportation routes, this home is ideal for families, professionals, or investors alike. Adding exceptional value is its C-6 Commercial zoning, providing unique flexibility for a variety of commercial, mixed-use, or business opportunities, subject to local regulations. Whether you're seeking a beautiful place to call home, a live-work setup, or a strategic investment in a prime location, this versatile property presents endless possibilities. This is a rare opportunity to own a property that combines residential comfort with commercial potential in one of Mishawaka's most sought-after locations.

3502 Hickory Rd, Mishawaka

Listing courtesy of Fares Farhan from Cressy & Everett - South Bend. Cell: 574-217-1405

$254,900

5 Beds ⋅ 2 Baths ⋅ 202641359 MLS ⋅ 2,866 SqFt. ⋅ Lisa Leblanc

WOW! What a surprise in the heart of Mishawaka. Lovely tri level with just under 3000 square feet of living space. This meticulous home has been loved for over 25 years. There are a total of 5 bedrooms, including a spacious 16 X 15 primary bedroom with en suite. Fabulous kitchen on main level is the center of the home with a vast amount of cabinets and pantry/storage space and center island. Formal dining room with additional casual eating space on upper level. Upper level family room with sliders that lead out to nice deck overlooking the fenced in backyard. Amazing space in ther lower level family room, too. Spacious 2 car attached garage. Newer flooring, water heater and HVAC systems. This home is move in ready with so many options for utilize the space!

211 E Russ Ave, Mishawaka

Listing courtesy of Lisa Leblanc from Cressy & Everett - South Bend. Cell: 574-535-4663

$160,000

3 Beds ⋅ 3 Baths ⋅ 202641309 MLS ⋅ 1,470 SqFt. ⋅ Michael Fisher

Come see this nicely updated home! As you enter the front door, notice the bamboo flooring throughout the main floor, except the carpeted living room. Preparing meals and entertaining guests is pleasant and easy in the updated kitchen which is open to a roomy dining area. Beyond the kitchen you'll find the spacious living room with a 4-panel slider to the patio, so you will enjoy lots of natural lighting. The conveniently located half bath adjacent to the front door is perfectly located for guests. Upstairs, you'll find two bedrooms on your left and a huge hall closet on your right. Just after the hall bathroom is the primary bedroom with en suite, roomy closet, PLUS a bonus room available for you to use however you want. It could be a large walk-in closet, dressing room, home office, or whatever you envision. Come see this lovely home that provides low maintenance living in the highly sought-after Penn Harris Madison School Corp. This home was recently refreshed and ready for you to make it your own. Schedule your showing today!

2500 Topsfield Rd Unit 705, South Bend

Listing courtesy of Michael Fisher from eXp Realty, LLC. Cell: 269-449-4686

$125,000

3 Beds ⋅ 2 Baths ⋅ 202641285 MLS ⋅ 1,344 SqFt. ⋅ Joshua Anderson

Great investment opportunity in Mishawaka! This 3-bedroom, 2-bath home is located just a few blocks from downtown Mishawaka, offering convenient access to local shops, restaurants, and amenities. The home is being sold as-is and is a great opportunity for an investor or buyer looking for a property in a convenient location!

1032 E 3rd St, Mishawaka

Listing courtesy of Joshua Anderson from At Home Realty Group. Cell: 574-334-2688

$159,900

2 Beds ⋅ 1 Baths ⋅ 202641090 MLS ⋅ 725 SqFt. ⋅ Lisa Leblanc

WOW!! Fantastic Mishawaka location. walk to Mary Gibbard Park, beautiful park like setting, very private backyard space with newer decking. Adorable bungalow, perfect for down-sizers, first time buyers or anyone looking for low maintenance living! Fully updated interior with newer flooring, updated kitchen with stainless appliances, convienient laundry space, washer and dryer included. Charming living room wirth cozy electric fireplace wall and TV space. Large windows in living room flood the space with natural light. Both bedrooms are nice sizes and have ample closet space. However, if you need more storage, look no further than the 2 car detatched garage! Tons of additional storage space and work bench area. Recently new items include, exterior painting, landscaping, furnace and roof! Move in and enjoy!! All this under $160K!

2109 Panama St, Mishawaka

Listing courtesy of Lisa Leblanc from Cressy & Everett - South Bend. Cell: 574-535-4663

$224,900

3 Beds ⋅ 1 Baths ⋅ 202641063 MLS ⋅ 1,306 SqFt. ⋅ Michelle Bordeau

Move-in ready and beautifully refreshed! This 3-bedroom home offers a bright, welcoming interior with new laminate flooring, fresh paint, updated lighting, and plenty of natural light throughout. The spacious living and dining areas provide a comfortable, functional layout, while the kitchen features white cabinetry, updated fixtures, and ample workspace. Stainless steel kitchen appliances will be purchased and installed by the seller with an accepted offer, and a new central air conditioning system is being installed. The updated bathroom features a beautifully tiled tub/shower surround and modern fixtures, while convenient main-floor laundry adds to the home's functionality. Outside, enjoy refreshed front landscaping, a fully fenced backyard with plenty of room to relax or entertain, and a spacious 2-car detached garage. Conveniently located near shopping, restaurants, coffee shops, including Starbucks, and other everyday amenities, you'll have plenty of conveniences just minutes away. With fresh updates inside and out, this home is ready for its next owner to move right in and enjoy!

118 N Walnut St, Mishawaka

Listing courtesy of Michelle Bordeau from SUNRISE Realty. Cell: 574-339-8199

$115,000

2 Beds ⋅ 1 Baths ⋅ 202641023 MLS ⋅ 912 SqFt. ⋅ Derek Wright

Great Location. Penn Schools. Nice 2-bedroom 1 bath home ready for the next owner(s) to make a home, a flip or a rental. Currently rented, showings will need to be during available time periods.

13029 Mckinley Hwy, Mishawaka

Listing courtesy of Derek Wright from Front Door Real Estate Team. Cell: 574-360-3392

$150,000

2 Beds ⋅ 1 Baths ⋅ 202640957 MLS ⋅ 1,248 SqFt. ⋅ Paige Corbalis

At $150,000, this 2 bedroom, 1 bath home has a lot to offer! Start with the covered front porch, then step inside to a surprisingly spacious living room filled with natural light from all the windows! Original hardwood floors run throughout much of the main level and add plenty of character, while the bathroom keeps some vintage charm with a clawfoot style tub and even a laundry chute! Downstairs, the partially finished basement gives you additional space for a rec room, hobbies, home gym or whatever fits your needs, while the unfinished portion provides laundry and storage. Outside, the fenced backyard offers room to enjoy, plus a 12x18 outbuilding that was previously used as a garage. A prior owner enclosed the garage opening, but the structure offers plenty of potential for storage, a workshop or possible conversion back to garage use. An affordable home with good bones, character and plenty of opportunity to make it your own!

202 Strathmoor Ave, Mishawaka

Listing courtesy of Paige Corbalis from Brick Built Real Estate. Cell: 574-222-7086

$329,900

3 Beds ⋅ 2 Baths ⋅ 202640835 MLS ⋅ 2,536 SqFt. ⋅ Matthew Pleasant

**Open House Sunday 10/4/26 from 2-4 pm**Welcome home to this well-maintained ranch tucked away on a quiet cul-de-sac in the desirable Penn-Harris-Madison District! This inviting home offers a comfortable and functional layout with three bedrooms, a spacious living area with cozy fireplace, main floor laundry, plus an additional living room perfect for a family room, home office, or entertaining space. The recently remodeled kitchen adds a fresh, modern touch and provides a great space to gather with family and friends. New windows throughout (2026), new HVAC (2022) and updated carpet (2024) add to the move-in-ready appeal. The finished basement provides even more living space and plenty of room for recreation, hobbies, or storage. Well maintained yard with irrigation system and relaxing back patio area. An attached garage adds everyday convenience and extra storage. With its peaceful cul-de-sac setting, thoughtful updates, flexible living spaces, and desirable school district, this home is fresh and ready for you to move in!

11611 Whittington Cir, Mishawaka

Listing courtesy of Matthew Pleasant from Howard Hanna SB Real Estate. Ofc: 574-207-7777

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of 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. Some listings have been excluded from this website.